Berkshire’s halving of its stake in Apple is forecasted to increase free float from 94% to 100% in S&P 500, generating a demand of over $37bn for September 2024.
What is covered in the Full Insight:
Introduction
Berkshire Hathaway’s Sell-Off
Free Float Impact and Verification
Forecasted Demand and Market Impact
Key Dates and Future Projections
Boomeranged on Sat, 28 Sep 2024 22:46
On 20 September 2024, there were ~260m shares, ~4.4 ADV in passive fund demand based on that day’s volume and the 3-month ADTV. This verifies the free float increase from ~95% to 100% in S&P 500 & TMI. The realized volume is significantly higher than the predicted one. This raises suspicions of higher S&P tracking. Global & US purple are still expected to implement the free float increase.