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You're right on float adjustment. But shares of coke held by Berkshire are still considered part of float.
by anonu 5y ago
You're right on float adjustment. But shares of coke held by Berkshire are still considered part of float.
- atombender 5y agoThe S&P considers the shares of Coke held by Berkshire to be excluded from the float. S&P's float adjustment methodology is described here [1]: "Float adjustment excludes shares that are closely held by control groups, other publicly traded companies, government agencies, or other long-term strategic shareholders." [1] https://www.spglobal.com/spdji/en/documents/index-policies/methodology-sp-float-adjustment.pdf https://www.spglobal.com/spdji/en/documents/index-policies/m...