| Profitability | 78/100 |
| Growth | 58/100 |
| Momentum | 77/100 |
| Quality | 64/100 |
| Earnings Quality | 69/100 |
| Balance Sheet | 34/100 |
| Value | 41/100 |
| Risk (safety) | 90/100 |
| Overall | 65.5/100 |
| Symbol | IS Score |
|---|---|
| LITE | 45 |
| CIEN | 75 |
| UI | 85 |
| ZBRA | 63 |
| CSCO | 72 |
| VIAV | 31 |
| MSI | 66 |
Both readings sit above the midpoint — business quality at 66 and price structure at 70 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.
| Trigger | Where it stands now | What it would mean |
|---|---|---|
| IS Score reaches 75 and holds two consecutive quarters | now 65.5 | would move us up one band |
| IS Score stops falling - one quarter higher than the prior | last four: 68 → 70 → 62 → 66 | the direction matters more than the level |
| Technical vote share back above 50% | now 73% | price structure no longer broken |
| Institutional holder count rises two quarters running | peak 1,498 → now 1,477 | fewer institutions willing to hold is our clearest warning |
This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.
| Quarter | Holders | 13F shares | Value | Reported own% |
|---|---|---|---|---|
| 2026 Q2 | 1,477 | 148.4M | $60.2B | 89.5% |
| 2026 Q1 | 1,498 | 142.3M | $60.3B | 85.8% |
| 2025 Q4 | 1,411 | 142.5M | $53.3B | 85.9% |
| 2025 Q3 | 1,418 | 142.0M | $63.2B | 85.6% |
| 2025 Q2 | 1,430 | 144.6M | $59.5B | 87.2% |
| 2025 Q1 | 1,405 | 144.4M | $61.8B | 87.1% |
| 2024 Q4 | 1,413 | 144.2M | $65.0B | 87.0% |
| 2024 Q3 | 1,317 | 142.2M | $61.8B | 85.8% |
| 2024 Q2 | 1,220 | 141.5M | $53.2B | 85.3% |
| 2024 Q1 | 1,156 | 139.4M | $48.1B | 84.0% |
| 2023 Q4 | 1,128 | 139.7M | $42.8B | 84.3% |
| 2023 Q3 | 1,007 | 138.2M | $37.4B | 83.3% |
| Insider | Role | Date | Type | Shares | Value | Post-Txn Owned |
|---|---|---|---|---|---|---|
| Lashier Mark E | director | 2026-10-02 | A-Award | 62 | $0.03M | 1,117 |
| Moore Kathryn A | SVP, HUMAN RESOURCES | 2026-09-03 | TAX W/H | 38 | $0.02M | 1,245 |
| Brown Gregory Q | director, Chairman and CEO | 2026-09-02 | SELL | 2,400 | $1.17M | 78,468 |
| Brown Gregory Q | director, Chairman and CEO | 2026-09-02 | SELL | 4,650 | $2.26M | 73,818 |
| Brown Gregory Q | director, Chairman and CEO | 2026-09-02 | SELL | 1,600 | $0.78M | 72,218 |
| Brown Gregory Q | director, Chairman and CEO | 2026-09-02 | SELL | 5,570 | $2.69M | 66,648 |
| Brown Gregory Q | director, Chairman and CEO | 2026-08-21 | GIFT | 8,808 | — | 0 |
| Brown Gregory Q | director, Chairman and CEO | 2026-08-21 | GIFT | 4,404 | — | 17,650 |
| 6-mo decomposition (Form 4) | Txns | Shares | Value | Signal weight |
|---|---|---|---|---|
| S — Open-market sales | 59 | 106,192 | $50.4M | Counted |
| M — Exercises (paired A/D) | 29 | 75,320 | $6.0M | None — mechanics |
| F — Tax withholding | 33 | 35,956 | $16.7M | None — compensation |
| G — Gifts | 2 | 8,808 | — | None |
| P — Open-market purchases | 0 | 0 | $0 | Counted — none occurred |
| Filed | Filer | Shares registered | Est. proceeds |
|---|---|---|---|
| 2026-09-02 | Gregory Q Brown | 14,220 | $6.9M |
| 2026-08-21 | Kathryn Moore | 1,005 | $0.5M |
| 2026-08-12 | Ayanna M Howard | 685 | $0.3M |
| 2026-08-07 | Katherine Ann Maher | 1,757 | $36.0M |
| Trailing 12 mo | 22 filings | 352,794 | $203M |
| Filed | Form | Reporting person | % of class | Shares |
|---|---|---|---|---|
| 2026-04-30 | SCHEDULE 13G | Vanguard Capital Management | 7.49% | 12.4M sh |
| 2026-04-29 | SCHEDULE 13G | Vanguard Portfolio Management | 5.83% | 9.7M sh |
| 2026-02-13 | SCHEDULE 13G/A | Capital World Investors | 0.50% | 0.9M sh |
| 2025-10-31 | SCHEDULE 13G/A | The Vanguard Group | 13.30% | 22.2M sh |
| Member | Chamber | Trade | Size band | Traded | Disclosed |
|---|---|---|---|---|---|
| Ro Khanna | House | BUY | $1,001 - $15,000 | 2026-09-25 | 2026-10-09 |
| Jared Moskowitz | House | BUY | $1,001 - $15,000 | 2026-03-31 | 2026-05-01 |
| Jared Moskowitz | House | BUY | $1,001 - $15,000 | 2026-03-31 | 2026-05-01 |
| John Boozman | Senate | SELL | $1,001 - $15,000 | 2025-12-17 | 2026-01-13 |
| John Boozman | Senate | SELL | $1,001 - $15,000 | 2025-12-17 | 2026-01-12 |
| John Boozman | Senate | SELL | $1,001 - $15,000 | 2025-12-17 | 2026-01-12 |
| Manager | Shares | Value |
|---|---|---|
| Ninety One Uk Ltd | 1.3M | $581M |
| Wealth Enhancement Advisory Servic | 235,463 | $90M |
| Assenagon Asset Management S.A. | 148,383 | $66M |
| Sarasin & Partners Llp | 140,618 | $63M |
| Ninety One North America, Inc. | 99,898 | $45M |
| Vontobel Holding Ltd. | 82,870 | $37M |
| Fund | Weight | Position |
|---|---|---|
| VITSX | 0.1% | $2.3B |
| VTSAX | 0.1% | $2.3B |
| VTI | 0.1% | $2.3B |
| VSMPX | 0.1% | $2.3B |
| VFIAX | 0.1% | $1.9B |
| VFFSX | 0.1% | $1.9B |
| ATS Venue (4-wk) | Shares | Avg trade |
|---|---|---|
| Incr Intelligent Cross Llc | 1.5M | 27 sh |
| Ubsa Ubs Ats | 1.1M | 31 sh |
| Sgmt Sigma X2 | 0.9M | 25 sh |
| Mlix Instinct X | 0.6M | 33 sh |
| Ebxl Level Ats | 0.6M | 15 sh |
| Mstx Ms Trajectory Cross (Ats-1) | 0.5M | 18 sh |
| Region | Revenue | Share |
|---|---|---|
| North America | $8.4B | 72% |
| International | $2.7B | 23% |
| UNITED KINGDOM | $603M | 5% |
Moat score 64/100 — Narrow; primary source Efficient Scale.
| Officer | Title |
|---|---|
| Gregory Q. Brown | Chairman & Chief Executive Officer |
| John Molloy | Executive Vice President & Chief Operating Officer |
| Jason J. Winkler | Executive Vice President & Chief Financial Officer |
| Mahesh Saptharishi | Executive Vice President & Chief Technology Officer |
| Period | EPS est. | EPS actual | EPS surprise | Rev est. ($M) | Rev actual ($M) | Rev surprise |
|---|
| YoY growth | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | +10.2% | +11.5% | +9.5% | +8.4% | +8.0% |
| Gross profit | +12.0% | +4.7% | +17.5% | +10.9% | +6.3% |
| Operating income | +20.5% | -0.4% | +38.1% | +17.2% | +9.2% |
| Net income | +31.2% | +9.5% | +25.4% | -7.7% | +36.6% |
| $B · FY ends | FY21 | FY22 | FY23 | FY24 | FY25 | Trend |
|---|---|---|---|---|---|---|
| Revenue | 8.2 | 9.1 | 10.0 | 10.8 | 11.7 | |
| Cost of revenue | 4.1 | 4.9 | 5.0 | 5.3 | 5.8 | |
| Gross profit | 4.0 | 4.2 | 5.0 | 5.5 | 5.9 | |
| R&D expense | 0.7 | 0.8 | 0.9 | 0.9 | 1.0 | |
| SG&A expense | 1.4 | 1.5 | 1.6 | 1.8 | 1.9 | |
| Operating income | 1.7 | 1.7 | 2.3 | 2.7 | 2.9 | |
| EBITDA | 2.2 | 2.2 | 2.8 | 2.6 | 3.5 | |
| D&A | 0.4 | 0.4 | 0.4 | 0.3 | 0.5 | |
| Pretax income | 1.6 | 1.5 | 2.1 | 2.0 | 2.8 | |
| Income tax | 0.3 | 0.1 | 0.4 | 0.4 | 0.7 | |
| Net income | 1.2 | 1.4 | 1.7 | 1.6 | 2.2 | |
| Diluted EPS ($) | 7.17 | 7.93 | 9.93 | 9.23 | 12.76 | |
| Diluted shares (M) | 174 | 172 | 172 | 171 | 168 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Cash & equivalents | 1.3 | 1.7 | 2.1 | 1.2 | |
| ST investments | 0.0 | 0.0 | 0.0 | 0.0 | |
| Receivables (net) | 2.5 | 2.8 | 3.2 | 3.8 | |
| Total current assets | 5.3 | 5.7 | 6.5 | 6.3 | |
| PP&E (net) | 1.4 | 1.5 | 1.6 | 1.7 | |
| Goodwill + intangibles | 4.7 | 4.7 | 4.8 | 9.9 | |
| Total assets | 12.8 | 13.3 | 14.6 | 19.4 | |
| Accounts payable | 1.2 | 0.9 | 1.2 | 1.3 | |
| Short-term debt | 0.0 | 1.3 | 0.3 | 0.7 | |
| Deferred revenue | 1.9 | 2.0 | 2.1 | 2.3 | |
| Total current liabilities | 4.6 | 5.7 | 5.1 | 6.1 | |
| Long-term debt | 6.0 | 4.7 | 5.7 | 8.4 | |
| Total liabilities | 12.7 | 12.6 | 12.9 | 17.0 | |
| Shareholders' equity | 0.1 | 0.7 | 1.7 | 2.4 |
| $B | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Net income | 1.4 | 1.7 | 1.6 | 2.2 | |
| D&A | 0.4 | 0.4 | 0.3 | 0.4 | |
| Stock-based compensation | 0.2 | 0.2 | 0.2 | 0.3 | |
| Working capital change | (0.3) | (0.2) | (0.2) | (0.1) | |
| Operating cash flow | 1.8 | 2.0 | 2.4 | 2.8 | |
| Capital expenditures | (0.3) | (0.3) | (0.3) | (0.3) | |
| Investing cash flow | (1.4) | (0.4) | (0.5) | (5.2) | |
| Buybacks | (0.8) | (0.8) | (0.2) | (1.2) | |
| Dividends paid | (0.5) | (0.6) | (0.7) | (0.7) | |
| Debt issuance / (repay) | 0.3 | (0.0) | (0.6) | 3.2 | |
| Financing cash flow | (0.9) | (1.3) | (1.4) | 1.3 | |
| Free cash flow | 1.6 | 1.8 | 2.1 | 2.6 |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| PROFITABILITY | |||||||
| ROE | -416.4% | 3586.8% | 406.9% | 130.0% | 104.7% | 86% | |
| ROA | 10.8% | 10.9% | 13.1% | 11.3% | 12.7% | 11.1% | |
| ROIC | 31.8% | 28.1% | 32.9% | 35.0% | 20.5% | 16.4% | |
| Gross margin | 49.4% | 46.4% | 49.8% | 51.0% | 50.2% | 50.0% | |
| Operating margin | 20.4% | 18.2% | 23.0% | 24.8% | 25.1% | 25.0% | |
| Net margin | 15.2% | 15.0% | 17.1% | 14.6% | 18.4% | 17.4% | |
| EBITDA margin | 27.0% | 24.1% | 27.6% | 24.1% | 30.2% | 30.8% | |
| FCF margin | 19.5% | 17.2% | 17.9% | 19.7% | 22.0% | — | |
| VALUATION | |||||||
| P/E | 36.25 | 31.43 | 30.77 | 49.52 | 29.91 | 36.1 | |
| P/B | -1128.29 | 369.29 | 72.63 | 45.86 | 26.74 | 28.7 | |
| P/S | 5.52 | 4.70 | 5.27 | 7.22 | 5.52 | 6.26 | |
| P/FCF | 28.31 | 27.34 | 29.36 | 36.60 | 25.05 | 28.6 | |
| EV/EBITDA | 22.40 | 21.92 | 20.72 | 31.70 | 20.13 | 22.7 | |
| EV/Revenue | 6.04 | 5.27 | 5.76 | 7.63 | 6.25 | 7.0 | |
| Earnings yield | 2.8% | 3.2% | 3.2% | 2.0% | 3.3% | 2.78% | |
| FCF yield | 3.5% | 3.7% | 3.4% | 2.7% | 4.0% | 3.49% | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| LEVERAGE & SOLVENCY | |||||||
| Current ratio | 1.33 | 1.15 | 1.00 | 1.28 | 1.04 | 1.10 | |
| Quick ratio | 1.14 | 0.92 | 0.85 | 1.13 | 0.87 | 0.86 | |
| Debt / equity | -153.25 | 56.47 | 9.05 | 3.85 | 4.05 | 3.60 | |
| Debt / assets | 50.3% | 51.1% | 49.1% | 44.9% | 50.4% | 50.0% | |
| Net debt / EBITDA | 1.93 | 2.38 | 1.75 | 1.71 | 2.37 | 2.37 | |
| Interest coverage | 8.22 | 7.33 | 9.70 | 7.69 | 8.71 | — | |
| Ratio | FY21 | FY22 | FY23 | FY24 | FY25 | TTM | Trend |
|---|---|---|---|---|---|---|---|
| EFFICIENCY | |||||||
| Asset turnover | 0.71 | 0.73 | 0.76 | 0.77 | 0.69 | 0.64 | |
| Receivables turnover | 3.39 | 3.66 | 3.76 | 3.61 | 3.36 | 4.6 | |
| DSO (days) | 108 | 100 | 97 | 101 | 109 | 79 | |
| DPO (days) | 65 | 77 | 76 | 71 | 79 | 67 | |
| Cash conversion cycle | 100 | 92 | 89 | 85 | 85 | 91 | |
| GROWTH (YoY) | |||||||
| Revenue growth | 10.2% | 11.5% | 9.5% | 8.4% | 8.0% | — | |
| Net income growth | 31.2% | 9.5% | 25.4% | -7.7% | 36.6% | — | |
| EPS growth | 30.7% | 10.9% | 25.7% | -7.3% | 38.8% | — | |
| FCF growth | 14.3% | -1.7% | 14.3% | 19.2% | 20.5% | — | |
| PER SHARE ($) | |||||||
| EPS (diluted, TTM) | 7.15 | 7.93 | 9.97 | 9.23 | 12.81 | 12.87 | |
| Book value / share | -0.23 | 0.67 | 4.22 | 9.97 | 14.34 | 16.21 | |
| Revenue / share | 46.91 | 53.01 | 58.19 | 63.34 | 69.49 | 73.80 | |
| FCF / share | 9.15 | 9.12 | 10.44 | 12.49 | 15.30 | 16.15 | |
| Cash / share | 10.76 | 7.71 | 9.94 | 12.31 | 6.93 | 4.28 | |
| SHAREHOLDER RETURN & SCORES | |||||||
| Buyback yield | 1.2% | 2.0% | 1.5% | 0.3% | 1.8% | 1.45% | |
| Altman Z-Score | 3.65 | 3.40 | 4.02 | 5.23 | 3.62 | 4.2 | |
| Piotroski F-Score | 8 | 6 | 8 | 8 | 5 | 6/9 | |
| Beneish M-Score | -2.64 | -2.55 | -2.51 | -2.63 | -2.24 | -2.62 | |
| Model | Score | Zone | Note |
|---|---|---|---|
| Piotroski F-Score | 6 / 9 | Middling | |
| Altman Z-Score | 4.2 | Safe (>2.99) | Safe |
| Income quality | 1.39 | Cash-backed | OCF ÷ net income |
| Beneish M-Score | -2.62 | Non-manipulator | vs −2.22 threshold |
| DuPont Decomposition (TTM) | Value |
|---|---|
| Tax burden | 0.77 |
| Interest burden | 0.86 |
| Operating margin | 26.3% |
| Asset turnover | 0.69× |
| Financial leverage | 7.68× |
| = ROE | 92% |
| Growth Quality (live) | Value |
|---|---|
| Revenue stability | 1.00 |
| Earnings stability | 0.88 |
| Earnings persistence | 1.00 |
| Revenue CAGR 3y | 8.2% |
| EPS CAGR 3y | 13.2% |
| FCF CAGR 3y | 21.4% |
| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | Piotroski | 1-yr ret |
|---|---|---|---|---|---|---|---|
| LITE | $74.7B | -8.9 | -240% | — | +83.2% | 5/9 | +404.9% |
| CIEN | $47.2B | 72.0 | 22% | 15.9% | +32.6% | 8/9 | +95.0% |
| UI | $36.4B | 37.9 | 91% | 30.4% | +27.2% | 7/9 | -20.1% |
| ZBRA | $17.5B | 34.5 | 15% | 15.0% | +12.7% | 6/9 | +25.5% |
| CSCO | $423.4B | 32.0 | 27% | 22.4% | +11.8% | 8/9 | — |
| VIAV | $8.2B | -260.0 | -3% | 7.4% | +40.0% | 6/9 | — |
| VSAT | $8.1B | -226.3 | -1% | -4.5% | +1.3% | 6/9 | — |
| HPE | $73.2B | 27.4 | 11% | 12.6% | +26.6% | 8/9 | — |
| Consensus estimates | Revenue mean | High / Low | EPS mean | High / Low | # EPS est. |
|---|---|---|---|---|---|
| FY2026 | $12.97B | $13.04B / $12.92B | $17.71 | $17.77 / $17.66 | 5 |
| FY2027 | $13.82B | $14.09B / $13.61B | $19.18 | $19.94 / $18.45 | 5 |
| FY2028 | $14.76B | $14.88B / $14.56B | $21.23 | $21.99 / $20.79 | 3 |
| Window | Avg Target | vs. Price | # Targets |
|---|---|---|---|
| Last Month | $531.00 | +14.7% | 1 |
| Last Quarter | $525.17 | +13.4% | 6 |
| Last Year | $500.33 | +8.0% | 15 |
| All Time | $459.52 | -0.8% | 25 |
| Moving Average | Value | Distance | % Distance | Signal |
|---|---|---|---|---|
| SMA 20 | $452.39 | +10.71 | +2.37% | Above |
| SMA 50 | $463.87 | -0.77 | -0.17% | Below |
| SMA 200 | $434.66 | +28.44 | +6.54% | Above |
| EMA 9 | $453.39 | +9.71 | +2.14% | Above |
| EMA 21 | $454.29 | +8.81 | +1.94% | Above |
| EMA 50 | $453.84 | +9.26 | +2.04% | Above |
| EMA 200 | $438.01 | +25.09 | +5.73% | Above |
| Level | Value | Level | Value |
|---|---|---|---|
| Pivot / R1 / R2 | $457.76 / $460.31 / $464.23 | S1 / S2 | $453.84 / $451.29 |
| Bollinger (20,2) | $441.16 – $463.61 | Squeeze | ON |
| 52-wk range | $359.36 – $494.85 | Off 52-wk high | -6.4% |
| ATR (14) | $8.51 (1.8%) | Historical vol | 15.3% |
| Computed from live weekly prices | MSI | S&P 500 |
|---|---|---|
| Weekly volatility (σ, 1y) | 3.60% | 1.83% |
| Best / worst week (1y) | +7.7% / -11.9% | — |
| Max drawdown (5y, monthly) | -26.1% | — |
| 1-week VaR (95%) | -7.0% | — |
| Beta (5y) | 0.88 | 1.00 |
| Reading | MSI | Communication Equipment n=537 | Technology n=6,969 | All US symbols n=70,435 |
|---|---|---|---|---|
| Overall | +2.5 | -19.8 | -20.7 | -20.5 |
| Trend | -23.4 | -21.8 | -20.8 | -21.3 |
| Momentum | +28.2 | -29.3 | -28.5 | -15.8 |
| Volume | +43.6 | -5.2 | +0.0 | -3.8 |
| Executive | Total comp | Structure |
|---|---|---|
| Gregory Q. Brown Chairman and Chief Executiv | $10.3M | 45% equity+incentive |
| Eugene A. Delaney Executive Vice President | $3.5M | 28% equity+incentive |
| Mark F. Moon Executive Vice President and Pr | $2.5M | 42% equity+incentive |
| Edward J. Fitzpatrick Executive Vice Preside | $1.7M | 44% equity+incentive |
| Lewis A. Steverson Senior Vice President, Ge | $1.4M | 39% equity+incentive |
| Pillar (live disclosure scores) | Score |
|---|---|
| Environmental | 82 |
| Social | 68 |
| Governance | 66 |
| Composite ESG | 72 |
| Filed | 8-K contents | Items |
|---|---|---|
| 2026-09-09 | Other Events; Exhibits | 8.01,9.01 |
| 2026-08-17 | Other Events; Exhibits | 8.01,9.01 |
| 2026-08-05 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-05-20 | Shareholder Vote | 5.07 |
| 2026-05-07 | Earnings Release; Exhibits | 2.02,9.01 |
| 2026-03-12 | Departure/Election of Directors; Appointment of Officers; Financial St | 5.02,9.01 |
| 2026-02-11 | Results of Operations and Financial Condition; Financial Statements an | 2.02,9.01 |
| 2025-11-18 | Departure/Election of Directors; Appointment of Officers; Financial St | 5.02,9.01 |
Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.
| Data domain | Source | Coverage for this report |
|---|---|---|
| Price & volume | market_db.historical_prices | 52 rows |
| Fundamentals | income_statements_annual | 6 rows · 2020 to 2025 |
| Reported vs consensus | fact/earnings_calendar | 24 rows · 2020-10-29 to 2026-08-05 |
| Analyst estimates | dim/forward_estimates | 3 rows · 2026-12-31 to 2028-12-31 |
| Institutional ownership (13F) | holdings_db.institutional_ownership_summary | 79 rows · 2006 to 2026 |
| Insider transactions (Form 4) | edgar/form4 | 12 rows · 2026-08-21 to 2026-10-02 |
| Proposed sales (Form 144) | edgar/form144 | 1 record |
| Beneficial ownership (13D/G) | edgar/13dg | 4 rows · 2025-10-31 to 2026-04-30 |
| Short-sale volume (FINRA) | edgar/short_volume_daily | 60 rows · 2026-07-23 to 2026-10-15 |
| Dark pool (ATS, tier 1) | edgar/darkpool_weekly | 12 rows · 2026-06-15 to 2026-08-31 |
| ETF & fund holding | etf_holdings_changelog (30d) | 1 record |
| Peer set | stock_peers_dynamic | 8 rows |
| Industry medians | industry_medians | 1 record |
| Congressional trades | congress_db (House + Senate) | 1 record |
| ESG | fact/esg_disclosures | 1 record |
Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.
Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.