August 2, 2020
I want more transparency and I do not like to reduce the number of 13F filing.
As a share holder of companies, I want to know who has the controlling power.
The proposal reducing my visibility and I do not prefer the proposal.
Some investors may want to avoid over-owned stocks, believing they have a high level of risk. This rule change greatly reduces individual investors ability to reduce their risk.
In the event of a significant correction the number of reporting managers would be diminished even further. The SP suffered a 56.4% decline during the 2007-2009 financial crisis. A similar event using the most recent quarter as an example, would have reduced the number of funds by another 31% at a time when such data is needed even more.