I'm no finance wiz, but I seriously doubt any super fund/managed fund or whatever holds any investment for 16 wks let alone 16 yrs!
Actually FOCX I disagree with you.
Take Capital Group Companies Inc.
Going from the last to first available reports on Qantas website, and it clearly lists them as one of the largest shareholders over those 10 years. So that one company alone disagrees with your 16 week suggestion.
And just looking at what that company does, they manage mutual funds and other investment portfolios according to their website.
There is still a few others on that list that have also remained during that time frame.
Out of interest Capital Groups % of share ownership during those years has been.
2000 = % 5.0
2009 = % 16.77
2010 = % 9.53
Also of interest is largest shareholder JP Morgan has reduced from %28.84 in 2009 to %23.61 in 2010. Now given this is a nominee holding it would be hard to tell just who it is for etc.
And Buffet might not invest directly in an Airline but he does have his hand in the Aviation Industry. He has money sunk into Flight Safety Intl and NetJets.
Either way I wasn't going to mention him on here.
Does this still make us look stupid ?
And if you didnt see after my interest comment there was a sarcastic little
