I was just looking back over the breakdown of A2 Milk ownership. my last lot of records were current as of Aug 2018 (my! how time flies!)
Not sure where it stands now with the addition of some recent players, e.g. UBS / Mitsubishi. For new Institutions/Mutual funds to take up a holding it require a fair 'shake of the tree" to get individual shareholders to sell. I don't have a breakdown for this year yet but it will be interesting to see how much space is left for individual shareholders
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Institutional/Mutual fund holdings Vs individual share holders
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