FAQs

What is the Mffais Ranking System?

Mffais Sentiment Ranking System

Traditional Institutional Investor Sentiment Analysis:

  • Compares current and previous SEC 13(F) filings (reported institutional holdings) to determine action taken (buy shares, sell shares, no change).
  • Calculates sentiment by amount of change in shares owned, number of institutions owning the stock and holding's total value.
Disadvantages:
  • Unable to compare between stocks (except number of institutions owning - aka most popular).
  • Changes in holding values include two comingled elements: changes in shares (if any) and change in share price.

Mffais's "as-if" Dollar Based Institutional Investor Sentiment Ranking System:

  • Compares current and previous SEC 13(F) filings (reported institutional holdings) to determine action taken (buy shares, sell shares, no change).
  • Calculates sentiment using Mffais Flow: change in shares owned * share price on report date to calculate "as-if" all buys/sells happened then.
Advantages:
  • Removes change in share price element, leaving only amount invested (aka Mffais Flow).
  • Able to compare between stocks using amount invested (aka Mffais Flow) to rank Insititutional Sentiment.

What am I looking at

Institutions (banks,mutual funds, hedge funds, trusts, insurance companies, etc..), with their massive research departments, make up 90% to 96% of all the trading volume - know their NET money flow to increase your investment success.


As you see to the right, Apple is the most popular stock, with highest number of companies and highest investment dollars. However, if you subtract the selling investment dollars, you will see Weyerhaeuser is the real Institutional Market favorite.

Where is the information from and how accurate is it?

The holdings information (Owner, Company, Shares Owned) is from the offical Securities and Exchange Commission (SEC) filings made by the Institutions. Since the information is from them directly, it is the most accurate available. Should they file an amendment or change their filings - we will automatically correct the information.

The Shares Changed and Amount Invested/Outflow (Shared Change * Close Price at time of report) is calculated by us using the information above. We show both numbers (Shares Changed, Close Price) along with links directly to the current and previous official SEC filings on the Owner Detail page - this allows all visitors to recreate our calculations and independently verify the information.

Why is the information different from Morningstar/Hoovers/Yahoo, etc...?

Mostly due to our reporting in near real-time of the contents of the filings made by companies.

There is wrong information/symbol/data/price etc.

Please Contact Us with any inaccurate data.

Thus far, all major "errors" that MFFAIS.com has been accused of, have been errors indeed, but on the part of the funds' filings on the 13Fs. These errors include: the checking of the wrong box on an amendment, erroneous reporting of the wrong company/shares by each fund itself and incorrect formatting filed per the SEC instructions (i.e. column 4 should be value, column 5 should be number of shares followed by "SH").

Below is a quote from section 12.b.v of the SEC instructions on the format to be used for 13Fs filings:

Column 5. Amount and Type of Security. Enter in Column 5 the total number of shares of the class of security or the principal amount of such class. Use the abbreviation "SH" to designate shares and "PRN" to designate principal amount. If the holdings being reported are put or call options, enter the designation "PUT" or "CALL," as appropriate. security or the principal amount of such class. Use the abbreviation "SH" to designate shares and "PRN" to designate principal amount. If the holdings being reported are put or call options, enter the designation "PUT" or "CALL," as appropriate.

The "SH" (i.e. a properly formatted filing) is what we look for, otherwise we have to best guess which number is the shares.

We report what was filed with the SEC. If you think there is an error, check what the fund filed with the SEC. Don't just call the fund, they never know about the error until after we show our sources (the SEC filings made by them). Any corrections must be made by the fund with an amended filing - we can not change the information reported!

If the fund files an amended form in a proper format, we would automatically pick that up and make any corrections needed, including the proper news releases.