charlie here so i wanted to discuss the etfs that we've seen uh switch over uh i waited till they
all you know came in from the big players and it appears that they're all in so let's go and take
a look at some in-game ets and it's for real the end game this time y'all okay so what's changed
amc and gme market cap has gone up uh since january obviously making it difficult for etfs to
enter in because it's you know based on uh future progress like where will they be in three months
now it seems to be from a business standpoint a little bit more clear as to where gamestop
is headed um amc does have plans as well so we'll have to see how that goes
msci don't forget is adding or has already been adding gme and amc this month
and unlike prior index switches this one is not a rebalance they will simply be buying and adding
gme amc to the msci index so not sure if that was a part of last tuesday or not i thought it
was going to be happening the last day of this month but we'll have to wait and see
now blackrock was the primary etf owner before now it appears to be primarily uh j l trusk mixed with
blackrock and state street so let's go and take a look so the new etfs on the block for gamestop i
will do a separate one for amc we have iwb iwr and iwp from ishares now basically this is ijt
i xt and ijr all dumped out and then they transition over to the mid cap size
and then of course it's basically the same setup that we saw before except the only difference
is that gamestop is actually weighted higher than the xtsla fund
in iwp and it happens to be the one with the most shares as well so the new etfs continued
from i shares this iwf and we also uh i found the first import with a hinting of securities
lending so the master investment portfolio from blackrock is in here and and that is actually
a securities lending fund and it says right here in the import is any portion of this investment
on loan by the fund yes how many or how much value 24 000 interesting [ __ ] so they have 31.754 000
shares uh in the master investment portfolio that is specifically a feeder fund and they are lending
shares out and we'll see to who in a second they also have smmd which interestingly enough their
number one holding is iwm which has amc in it the most amc in it so very interesting [ __ ] here
and then you also have xtsla so xtsla will be in all of these as a cash collateral vehicle
but what's interesting is that inside of smmd you have iwm as the number one with gamestop
weighted at 0.18 look how much iwm is weighted 43.47 that's crazy so 43.47 percent of the
assets in the in the etf smmd are iwm i feel like the most manipulated etf on the planet
so after just verifying that blackrock is lending gamestop via their master portfolio feeder fund
um to who well these are the list of uh banks and hedge funds broker dealers that they're they're
lending to and all 24 have outstanding loan balances now does this mean uh that they're
lending gamestop to all of these parties no but could be now let's look at state street
so state street is bullish as [ __ ] as far as their etf breakdown all of these right here
have gamestop in them and they're all large cap growth or mid cap growth or mid cap core
and we also have the spgm which makes me think that last week we did see some msci buying in
because again the msci etf is already here and most of their holdings are broken down like this
so we have gme now with apple microsoft amazon google facebook jpmorgan chase visa all that
[ __ ] and then if you'll notice right here xtsla is to blackrock as gvmxx is to state street
so if we take a look at buzz it's another uh state street etf for example look at their
top 10 holdings we have amd nvidia tesla there's their money market fund again we have apple amazon
ford um what game stops on a top 10 holding with amazon apple planter tesla interesting
now let's look at gvmxx what is in their holdings well that's where we see federal
reserve bank tri-party repo as their top holding so wait a minute how come how come the fed reserve
is the number one holding in this uh money market fund that's interesting to me
so gvmx this is state street's money market fund um this is uh all of their tri-party repos
highlighted in purple here so you can see right here hsbc royal bank bank of nova scotia ing
ubs citigroup hsbc a lot of those names appear here and it appears since it's a
tri-party repo or u.s government agency repurchase agreement that means that the fed is acting as a
intermediary which could explain why they're showing up here as number one
so interesting how this is all tying together now let's look at x tsla now
as far as their their holdings and same thing applies triparty federal reserve bank you have uh
tri-party citigroup tri-party credit agricole tri-party jp morgan uh natixis so she uh society
generally i know i butchered that every time so sorry about that so again all similar names here
you see how it doesn't show up here
as far as the fed but it does here i thought that was weird
x tsla continued uh these two make up the biggest weighting on the etf it's the tri
party bnp paribas and barclays bank plc uh jesus they must be a lot of debt and they
also have the biggest outstanding debt balance as well on the import filing so
last but not least the fidelity money market fund is fmdgx and it just so happens to be the fidelity
securities lending cash central fund now the problem is i can't find this anywhere the import
to see if uh who they're lending out to specifically but what's interesting is
that on july 31st the latest reporting period for the money market fund data
it took up nearly 10 percent of the entire volume from fidelity that day so
it is what it is but i think there's some lending going on in this uh repo window i mean it's almost
a guarantee based on the data so i think this is where i'll stop next we're gonna take a look into
the big j l series trust mergers and uh additions to gamestop and amc so we'll look at that so yeah
everything's been transitioned over we had a small cap to mid cap change for gamestop and the etfs
are changing right along with that and the coolest part is that they're all big name stocks so
i don't know if gme name still end up saving the market or if gme well i've seen more large caps
in gamestop than amc however there still are large caps in amc so we'll have to continue to
see how the month plays out shit's getting close but yeah this is basically the new etf breakdown
lots of good shines lots of good signs and we'll look at the latest and the best of them all this
one right here uh next time so you have a good weekend talk to you in five minutes