Learn · Who's in the city
Ownership disclosure and major holders
What the holder list reveals, how its thresholds work and why it is deliberately delayed.
Last updated: 2026-09-20
Ownership gives market activity context
A company's float can be widely dispersed or concentrated among a few holders. MockTradeCity's disclosure system makes qualifying holdings visible so the public can understand part of that structure. It calculates ownership from the city's securities records rather than asking each holder to submit a statement manually. The resulting list concerns fictional shares, not a filing about a real company, and its thresholds are the city's own product rules.
Players are included under the same applicable disclosure process as virtual participants and market-operation accounts. A qualifying player holding appears under the player's public display name. Disclosure does not publish that player's private account history, every order or every cash movement. It reveals a specific holding that has crossed a public threshold. That boundary is useful when interpreting both what the panel shows and what it intentionally leaves out.
Two thresholds serve different groups
The major-holder group includes beneficial owners with more than five percent of a company's float. A separate institutional group begins at one percent for virtual institutions that have not crossed into the major-holder group. A player holding three percent does not qualify for the institutional category merely because the stake is larger than one percent. The holder's category and the relevant threshold both determine whether it appears in the public list.
Ownership is aggregated by beneficial owner where the rules connect multiple trading desks to one institution. Shares reserved in a pending sale remain part of the holder's beneficial position until an actual transfer changes it. This prevents the panel from confusing an available-balance number with total ownership. The denominator is float, not total shares outstanding, so the percentage describes a share of circulating ownership rather than a proportion of every issued share.
Snapshots become public after a delay
The engine periodically evaluates holdings and records changed disclosure snapshots. The default publication delay is fifteen minutes, even though evaluation runs more frequently. This means the latest public row describes an earlier ownership state. Refreshing a page cannot remove that delay. Its purpose is to provide disclosure context without turning the list into a real-time feed of a large holder's current trading behavior or a replacement for the ordinary public tape.
When a qualifying holding changes, the new snapshot becomes visible under the same delay rule. Falling below a threshold produces a disclosure-ending state that is likewise published later. Unchanged holdings need not generate a fresh identical row each cycle. Historical records remain append-only. A name disappearing from the current list therefore does not imply that its previous public holding never existed; it means the currently publishable state no longer qualifies for that category.
Read percentage and change separately
The panel identifies the holder's name, type, holding percentage and recent net quantity change. Holder types distinguish players, virtual institutions, virtual retail participants and market-operation accounts. A Verified Trader badge adds a public certification status; it does not modify the ownership calculation or give that holder a different execution priority. Percentage describes the snapshot's ownership level, while net change compares its quantity with an earlier recorded snapshot.
A positive net change means a larger recorded holding, and a negative change means a smaller one. The difference does not disclose all intermediate trades or explain the holder's motive. Someone could buy and sell between snapshots, leaving a small net result after substantial activity. Publication delay adds another reason not to align the row mechanically with the latest visible trade. Ownership history and execution history are related records with different timing and granularity.
Where to inspect ownership in the city
The company's major-holder panel separates the major and institutional groups and sorts qualifying holdings by their displayed proportions. Player rows can lead to public player profiles, and institutional rows lead to institution profiles containing their public mandates and disclosed holdings. An empty list means no currently published qualifying records are shown. It does not mean the company's shares have no owners or that nobody below the thresholds is trading.
The Market page and Daily Wrap supply complementary price and activity context. Comparing those with disclosed concentration can describe the setting around a move, but cannot prove which holder caused it or what that holder intends next. The key distinctions remain threshold, beneficial ownership and publication time. With those in view, the panel becomes a readable ownership record rather than an assumed live position feed, while every share and CC amount stays within the fictional city.