Top Fund Owners
Outside investors (including mutual funds) that hold a significant stake in a company might be given a say in corporate policy, including long-term strategy or even day-to-day operations.
Star Rating (Morningstar Rating)
Morningstar rates mutual funds from one to five stars based on how well they've performed (after adjusting for risk and accounting for all sales charges) in comparison to similar funds. Within each Morningstar Category, the top 10% of funds receive five stars, the next 22.5% four stars, the middle 35% three stars, the next 22.5% two stars, and the bottom 10% receive one star. Funds are rated for up to three time periods--three-, five-, and 10 years--and these ratings are combined to produce an overall rating. Funds with less than three years of history are not rated. Ratings are objective, based entirely on a mathematical evaluation of past performance. They're a useful tool for identifying funds worthy of further research, but shouldn't be considered buy or sell recommendations.
% Shares Held
This figure represents the percentage of the total number of shares of a company held by each mutual fund.
% of Fund Assets
This figure represents the percentage of a mutual fund's assets that are invested in a company.
Change in Ownership
The change in ownership entry indicates the change in the number of shares of a stock held by a specific mutual fund since the previously reported portfolio. Reported in thousands.
Date of Portfolio
Morningstar makes every effort to gather the most up-to-date portfolio information from a fund. The law, however, requires funds to report this information only two times during a calendar year, and funds have two months after the report date to actually release the shareholder report and portfolio. Therefore, it is possible that a fund's portfolio could be up to eight months old at the time of publication. We print the date of the most recently reported portfolio. Older portfolios should not be disregarded completely; although the list may not represent the exact current holdings of the fund, it may still provide a good picture of the overall nature of the fund's management style.
Fund Ownership Summary
Shares Outstanding
This is the most recent figure for the total number of common shares outstanding. (It is not a weighted-average figure.) For foreign companies, ADR shares outstanding are adjusted by the ADR share ratio.
Fund Ownership
The percentage of common shares owned by mutual funds. It is derived by dividing the aggregate number of company shares owned by mutual funds by the total shares outstanding and multiplying by 100.
A high % Fund Ownership figure can be an indication of the market's overall belief in the value of a stock. Conversely, a low % Fund Ownership figure can indicate that the stock has not proven to be worthy of its valuation.
This information is calculated using the latest portfolio for each mutual fund included in Morningstar's mutual-fund database. The company's total shares outstanding is found in the company's most recent 10-K report.
Total # of Funds
The total number of funds that hold shares in the company.
Avg Star Rating
The average Morningstar star rating of mutual funds that invest in the stock. It is calculated by using a fund's star rating and its weighting relative to the stock. A fund's weighting is equal to the dollar value the fund has invested in the stock divided by the total dollar value that all funds have invested in the stock. The average fund rating for a stock is calculated by summing, across all funds, each fund's star rating multiplied by its weighting.