Hi All,I few days ago, I wanted to know what the Top 20...

Hi All,

I few days ago, I wanted to know what the Top 20 shareholders of the company were doing (i.e. buying, selling, or holding). So I compiled a list of all the 2023 top 20 shareholders and recorded their total ownership over several years. This table doesn't tell you how much they currently own, only the amount of shares they owned at the creation of each Annual Report. I only have a few thoughts based on what's happening in this table. But I was wondering if you guys could share some of your thoughts. Please note, for some shareholders I couldn't find any data in the annual reports so I left them blank.

	Top 20 Shareholders for PNV	2023	2022	2021	2020
1	HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	94,468,202	72,331,050	86,192,215	66,551,382
2	J P MORGAN NOMINEES AUSTRALIA PTY LIMITED	58,519,477	46,707,261	41,780,382	50,570,980
3	CITICORP NOMINEES PTY LIMITED	26,811,635	24,863,697	27,212,802	19,619,513
4	MOGGS CREEK PTY LTD (MOGGS CREEK SUPER A/C)	19,010,112	17,800,000	17,800,000	17,400,000
5	BNP PARIBAS NOMS PTY LTD (DRP)	12,383,050	12,845,962	7,944,172	5,375,513
6	LATERAL INNOVATIONS PTY LTD (TRUST A/C)	10,924,103	10,924,103	10,924,103	10,924,103
7	NATIONAL NOMINEES LIMITED	8,413,960	8,440,944	16,084,276	9,834,664
8	MR ANTHONY SHANE KITTEL + MRS MICHELE THERESE KITTEL (KITTEL FAMILY SUPER A/C)	8,055,789	8,040,000	7,960,000	7,922,500
9	BNP PARIBAS NOMINEES PTY LTD (IB AU NOMS RETAILCLIENT DRP)	5,909,896	6,968,701	6,340,183	6,186,654
10	SANDHURST TRUSTEES LTD (ENDEAVOR ASSET MGMT MDA A/C)	5,739,049		3,374,840	5,688,623
11	NETWEALTH INVESTMENTS LIMITED (WRAP SERVICES A/C)	4,276,587	3,812,276	4,019,409	3,809,451
12	MS SIMONE MAREE BEKS	4,185,095	4,185,095	4,185,095	4,185,095
13	MR PAUL GERARD BRENNAN	4,185,095	4,185,095	4,185,095	4,185,095
14	COMMONWEALTH SCIENTIFIC AND INDUSTRIAL RESEARCH ORGANISATION	4,081,250	4,081,250	4,081,250	4,081,250
15	MR MATTHEW JAMES AVERY	3,631,338	3,009,397
16	MRS LI-HSIEN TSAI	3,292,698	3,276,909
17	MR DAVID KENLEY	3,139,855	3,139,855	3,139,855	3,139,855
18	DR MARCUS JAMES DERMOT WAGSTAFF + MRS LARA KATE WAGSTAFF	3,072,166	3,056,377	3,056,377	3,056,377
19	MR LAURENT FOSSAERT	2,929,961		3,014,172	3,214,172
20	MR CHRIS DAWBORN (HASKALI SUPER FUND A/C)	2,870,271
21	Total	285,899,589