Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

58,747,478

Short Interest Shares

2,761,751

Float (%)

72.81

Institutional Ownership (%)

48.50

Mutual Fund Ownership (%)

18.82

Insider Ownership (%)

27.19

Top 10 Instn Holders (%)

35.84

Ownership Activity - Total Positions

Company	Shares	% Out	Value ($)	Reported	Change
CPV Republic Investment, LLC	5,606,001	9.54	43,166,208	3/7/2018	0
Schaller Investment Group Inc.	3,815,255	6.49	29,377,464	3/31/2018	(1,000)
Capital Research & Mgmt Co.	3,187,000	5.42	24,539,900	3/31/2018	603,000
Wellington Management Group LLP	3,159,706	5.38	24,329,736	3/31/2018	(5,128)
BlackRock Inc.	2,646,892	4.51	20,381,068	3/31/2018	(31,166)
Vanguard Group Inc.	2,170,985	3.70	16,716,585	3/31/2018	29,544
FMR LLC	1,654,000	2.82	12,735,800	3/31/2018	15,800
Gilder Gagnon Howe & Co. LLC	1,582,337	2.69	12,183,995	3/31/2018	(166,628)
Goldman Sachs Group Inc.	1,131,278	1.93	8,710,841	3/31/2018	992,967
State Street Global Advisors Inc.	905,711	1.54	6,973,975	3/31/2018	1,209
Thompson Siegel & Walmsley LLC	801,294	1.36	6,169,964	3/31/2018	(60,429)
Emerald Advisers Inc	747,663	1.27	5,757,005	3/31/2018	0
HBK Sorce Advisory LLC	605,672	1.03	4,663,674	3/31/2018	(615)
Northern Trust Global Investments	580,354	0.99	4,468,726	3/31/2018	(5,450)
Dimensional Fund Advisors LP	517,018	0.88	3,981,039	3/31/2018	0
Geode Capital Management LLC	490,182	0.83	3,774,401	3/31/2018	7,428
Wasatch Advisors Inc	472,519	0.80	3,638,396	3/31/2018	472,519
Basswood Capital Management LLC	460,937	0.78	3,549,215	3/31/2018	0
FSI Group LLC	380,088	0.65	2,926,678	3/31/2018	16,045
Gruss & Co Inc	361,397	0.62	2,782,757	3/31/2018	11,481

Republic Bank

Institutional Ownership

Institutional Ownership

Total Positions

New Positions

Increased Positions

Decreased Positions

Soldout Positions

Net Change

List of possible reasons behind the infrequent cases where we have total institutional ownership that exceeds 100% of the common shares outstanding for a specific company:

Double-counting - On the 13-F filing, each institutional holder must report all securities over which they exercise sole or shared investment discretion. In cases where investment discretion is shared by more than one institution, care is generally taken to prevent double-counting, but there is always the exception. Another cause of double-counting is a company name change for the 13F filer where the holdings are accounted for under both filer names.

Short Interest - A large short interest amount affects the institutional ownership amount considerably because all shares that have been sold short appear as holdings in two separate portfolios. One institution has lent its shares to a short seller, while the same shares have been purchased by another reporting institution. Consequently, the institutional ownership percentage reflected in the 13-F filings is overstated as a percentage of total shares outstanding.

A gap between 'as of' dates - In the case where gaps between the 'as of' dates of the holdings and the shares outstanding arise, the percentage owned could be skewed due to a sharp increase/decrease in shares out. Again, this case doesn’t come up very often but the results are unavoidable.

Other possible reasons: a) An overlap occurs amongst reporting institutions; b) The 13F filing includes holdings other than common stock issues; c) Mutual fund money is co-advised and incorrectly reported by multiple institutions.