5 Largest Investors
The largest investor in ParkerVision is the Wellington Management Company, who focus on short term trading strategies in primarily troubled small cap companies. Heartland Advisors is the second biggest investor. KOM Capital Management and Knoll Capital Management are the next largest investors, and have identical ownership positions. The fifth biggest investor is Barclay’s Global Investors. There is a new 5% holder (1,221,806 shares) disclosed in a 13G filed on 3/28/07, namely Gem Investment Advisors LLC. We will be adding information on this investor in the near future. Please keep posted on who the top 5 investors are!
Wellington Management Company: 3,237,202 shares of ParkerVision
Wellington Management continues to manage the Wellington Fund and various of other mutual funds for Vanguard. Note that the Vanguard Group has continued increasing its investment in ParkerVision along with Wellington, although at 1/10th the exposure.
Heartland Advisors: 1,322,300 shares of ParkerVision
If in fact, Heartland is following its own philosophy of rigorous 10-point investment selection, then it is simply incomprehensible why it would invest in ParkerVision.
The first focus is supposedly in fundamentals (“We pay far more attention to what a company has accomplished than what it promises to do, and we believe nothing reveals a company’s health (and portends its future well-being) better than its balance sheet.”), namely a company’s finances and management, neither of which ParkerVision has demonstrated in the last 3 years.
On the other hand, Heartland does have a tainted reputation. On December 11, 2003, the Securities and Exhange Commission announced civil fraud charges against Heartland Advisors, Inc., its CEO, two portfolio managers, four officers, five directors, a pricing service and one individual for misrepresentations, mispricing and insider trading in two Heartland Group high yield bond funds. Mary E. Keefe, Regional Director of the SEC’s Midwest Regional Office in Chicago, stated, “The fraud in this case touched all levels of the operations of these mutual funds and two areas critical to investor confidence, disclosure and pricing. It illustrates that mutual fund directors must do more than inquire about issues that come to their attention. They have a duty to take affirmative action to follow up and resolve those issues in order to fulfill their obligations to investors under the Investment Company Act.”
KOM/Knoll Capital Management: 1,212,434 shares each of ParkerVision