Hi SB, hope you don't mind me responding to this but I have somewhat of an answer.
I too was curious about who the three instos were so I requested a copy of the top 50 shareholders from the company. I was shocked not to see three large holdings at the top of the list so asked further questions.
Essentially the three instos were brokers who then put the stock in the names of their clients / sophisticated investors. So Say Kaai Capital were allocated 100m of stock across 20-50 clients that's why we don't see any individual big names.
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