no accumulation in top 20, page-14

re: top 20 - looks good/adrianrig etc Adrian, as someone pointed out - it's because of the SPP.
I'm looking at the last 2 lists - and on a surface glance, it looks as if some of the Top 20 from 2 weeks ago have reduced their positions.
Take National or JP Morgan (though most are in the same category)
National 2 weeks ago were no 1 with 4.89% holding and now have 3.85% holding.
BUT - when you look at the number of shares held - they have actually INCREASED their holding, from 6,710,634 to 6,866,031.
Lots of the Top 20 are the same, so we are just seeing the effect of the dilution.