Comparing Changes in Stockholdings of Different Institutional Investors

Abstract

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.

Department(s)

Business and Information Technology

Document Type

Article - Journal

Document Version

Citation

File Type

text

Language(s)

English

Rights

© 1999 Institutional Investor, Inc., All rights reserved.

Publication Date

01 Jan 1999

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