RT Journal Article
SR Electronic
T1 Comparing Changes in Stockholdings of Different Institutional Investors
JF The Journal of Investing
FD Institutional Investor Journals
SP 46
OP 50
DO 10.3905/joi.1999.319388
VO 8
IS 1
A1 Li Li Eng
YR 1999
UL https://pm-research.com/content/8/1/46.abstract
AB This paper examines differences in the changes in stockholdings of five groups of institutional investors: banks, insurance companies, investment companies, investment advisors, and “other” institutions (consisting of colleges and universities, private foundations, and private and public pensions). Other institutions have the fewest quarterly changes in holdings, followed by banks, insurance companies, investment companies, and investment advisors. There are significant differences in the length of time that institutional investors hold their portfolios (their investment horizons). These results are one input into understanding the impact of institutional investors' time horizons on managerial decision-making.