13 November 2009
Looks like October was a difficult month
We're still working with the 13f filings for only about 25% of the institutions. We merged the 13f data which shows what each institution owned on 9/30 with Ford data which shows monthly price change as of 10/31. October wasn't a great month as you knw and it appears that most funds including the very biggest shown here lost money. Especially the ones with higher beta portfolios. I think the Lilly Foundation sold a bunch of their position in 3Q and the absence of that selling might be the reason for their rebound.