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Return

Abnormal fund holding count and stock returns

delete2026-07-31
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PRE
AI
Q
Qi Gao
S
Shen Lin
X
Xiong Xiong *
DOI：10.1016/j.frl.2026.110580delete
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Abstract

Abstract

En 中文
• Abnormal Fund Holding Count (AFHC) isolates institutional consensus from scale. • AFHC positively predicts future returns, with 1.1% monthly excess returns in China. • High AFHC is associated with higher future profitability and price informativeness. • Institutions in emerging markets help identify mispricing and aid market efficiency.

Journal

Finance Research Letters cover
Finance Research Letters
IF:
6.9
Papers:
8.9K
Citations:
2.8W

Organization

T
tianjin university
Scholars:
7.7W
Papers: 5.6W
Citations: 88
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