Aug. 12 at 3:51 PM
$INFQ $IONQ $QNT $QBTS $RGTI
Infleqtion had roughly 216.5M shares outstanding after the February transaction according to its SEC filing. Fintel is now showing 89.9M institutional shares, versus basically nothing meaningful institutionally immediately after the listing. MASSIVE transition in shareholder base.
And look at the flow:
178 BUYERS VERSUS 11 SELLERS
That's roughly 16 FUCKING BUYERS for every seller. THIS IS NOT SOME FUCKING RANDOM NOISE. Also, the current institutional ownership includes names such as BlackRock, State Street, Geode, Citadel, BNY Mellon, Alyeska, QVT and Maverick. Some SUPER interesting individual filings too. For example, BNY Mellon is showing 1.08M shares, up 1,350.7%, what even? lol. Lastly, the timing is interesting as hell because Infleqtion reports Q2 today after market close.
The market is entering earnings with a dramatically more institutionally owned INFQ than it had previously, and the direction of the latest reported flow is overwhelmingly positive.
