Flock blog
Reading regulatory filings, sourced and dated.
Plain-English guides to the public filings Flock tracks: 13F reports, NSE and BSE shareholding patterns, bulk and block deals, and FII/DII flows. Every claim links to its source. Research, not advice.
When Can an Open Offer Be Withdrawn? SEBI Reg 23
An open offer can be withdrawn only on four grounds in Regulation 23 of SEBI's Takeover Code, and the acquirer must announce it within two working days.
What Is a Conditional Open Offer? SEBI Regulation 19
A conditional open offer is one made subject to a minimum level of acceptance under Regulation 19 of SEBI's Takeover Code. What the acquirer gives up.
What Is a Voluntary Open Offer? SEBI Regulation 6
A voluntary open offer lets a holder already at 25 percent or more bid for at least another 10 percent of a listed Indian company. The rules and the lock-in.
What Is AAUM in Mutual Funds, and How Is It Calculated?
AAUM in mutual funds is the average of a fund's daily AUM over the calendar days of a month, a different number from the AUM printed as on month-end.
Berkshire Hathaway 13F: How to Read the Q2 2026 Filing
Berkshire Hathaway's 13F for the quarter ended 30 June 2026: 29 US positions worth $299.25B, what changed since Q1 2026, and how to read the filing. Not advice.
Bill Ackman Portfolio: Reading Pershing Square's 13F
Pershing Square's 13F for the quarter ended 30 June 2026: 14 positions worth $19.47B, filed by a new SEC filer. What it shows and how to read it. Not advice.
Stanley Druckenmiller Portfolio: Reading Duquesne's 13F
Duquesne Family Office's 13F for the quarter ended 30 June 2026: 90 positions worth $5.21B, 45 of them new. How to read a high-turnover 13F. Not advice.
David Tepper Portfolio: Reading Appaloosa's 13F Filing
Appaloosa LP's 13F for the quarter ended 30 June 2026: 27 positions worth $7.73B, the largest lines, what changed since Q1 2026, and how to read it. Not advice.
Carl Icahn Portfolio: Reading the Icahn Enterprises 13F
Carl Icahn's 13F for the quarter ended 30 June 2026: 12 positions worth $8.26B, 54% of it Icahn Enterprises LP units. How that shapes the table. Not advice.
What Is a Cluster Buy? Multiple Insiders Buying (Form 4)
A cluster buy is two or more insiders at one company disclosing Form 4 purchases within a short window. How it is defined, counted and read. Not advice.
Consensus Stock Buys: What 13F Consensus Means (Q2 2026)
Consensus stock buys are securities several 13F filers added in one quarter. How Flock counts an add, what Q2 2026 showed, and the limits. Not advice.
What Is the FPI Red Flag List? NSDL and CDSL Rules
The FPI red flag list names listed companies whose foreign investment headroom is 3 percent or less of the legal limit. How the depositories run it. Not advice.
The Smart Money Digest
A free weekly email of notable disclosure activity — every line with its filing date and source link. No advice, just filings. Unsubscribe anytime.