Categories Billions

Bogged Down with Financial Speak in Billions? Let us Help. – March 29, 2018

Billions Glossary

by Fan Fun with Damian Lewis | March 29, 2018

We don’t think it’s essential to be a financial or legal expert to enjoy Billions. It is a show more about characters and their interesting relationships than about the workings of Axe Capital or the US Attorney’s office. Having said that, we believe we are more likely to enjoy Billions once we understand exactly what’s going on, which brings us to this Billions glossary.

We have seen it mentioned on various social media that some are distracted by the fact they are finding the stock market jargon difficult to follow. Only natural for those of us who do not spend our days talking about longing and shorting and looking out for people ditching stock through back doors at lunch time.

Think of this page as a constant work in progress. We list terms that we think could be helpful, in alphabetical order, and we will keep adding to it!  If you hear a term (or terms) we haven’t added yet, let us know and we will be on it!

Without further ado:

13F  –  Also known as Information Required of Institutional Investment Managers Form, this is a quarterly filing with the  SEC required of all investment managers with over $100 million in their qualifying assets and shows what positions a fund has.

Lady Trader says when the 13Fs come out, it shows if funds have increased, decreased, sold or bought positions. Those filings can move stocks. If a fund took a new position in something like McDonalds (MCD), it could make the stock price go up, since the street will believe the fund is positive on the name. Same if the fund had a position in MCD and then sold it. The stock would do down.

Activist Investor – purchases large numbers of a public company’s shares and/or tries to obtain seats on the company’s board with the goal of effecting a major change in the company. Then when does a company become a target for an activist investor? If it is mismanaged, has excessive costs, or could be run more profitably as a private company or has another problem that the investor believes s/he can fix and make the company more valuable.

Analyst – does the research. They analyse the data (relating to how stocks are doing) and then make recommendations to the Portfolio Manager.

Axe – next to being Bobby Axelrod’s nickname in Billions, Lady Trader hints that if you are called “axe” on a stock, that means you are the expert on that stock. It seems our Bobby has been aptly nicknamed, doesn’t it?

Read more of the original article at Fan Fun with Damian Lewis