Potential Hundreds of Billions Shares Sold Not Yet Purchased by only 3 entities:
Citigroup’s Involvement:
2020: $199.525 billion in Securities loaned and sold under repurchase agreements and $100.044 Billions in Securities sold, not yet purchased. Those are alleged Naked Short Selling and Loaning for others to further Naked Short Selling.
to repurchase $168.027 billion, culminating in a combined $367.552 billion in what can be characterized as naked short selling. Those are potential Naked Short selling.
2021: $106.008 billion in Securities sold, not yet purchased and $230.699 billion Securities loaned and sold under agreements to repurchase. Not only they sell not yet purchased, but they loan what they did not purchase and those they loan to without a real Securities to locate are selling them and loan them multiple times. Those are potential Naked Short selling.
2022: $202.444 billion loaned or sold under repurchase agreements and $110.720 billion in Securities sold, not yet purchased. Those are potential Naked Short selling.
2023: $278.107 billion in Securities loaned and sold under agreements to repurchase and $104.658 billion in Securities sold, not yet purchased. Those are potential Naked Short selling.
Additionally, on August 18, 2023, Citigroup slashed AMC's target price to $1.55, further influencing market perceptions and potentially impacting share value negatively.
Citadel’s Securities Activities:
2020 Annual Report: Highlighted $57.506 billion in Securities sold, not yet purchased, and $4.472 billion in Securities sold under agreements to repurchase, totaling $62.033 billion in potential Naked Short selling.
Citadel Securities Failed To Receive:
2020 Citadel: Securities failed to receive $461 Millions. Securities failed to receive from affiliates $21 Millions. Securities failed to deliver $449 Millions. Securities failed to deliver to affiliate $15 Millions.
2021 Annual Report: Highlighted $65.703 billion in Securities sold, not yet purchased, and $4.527 billion in Securities sold under agreements to repurchase, totaling $70.230 billion in potential Naked Short selling.
Citadel Securities Failed To Receive:
2021 Citadel Securities failed to receiver $440 Millions. Securities failed to deliver $4 Millions. Securities failed to deliver to affiliate $33 Millions.
Citadel Securities 2021 SEC filings pg 14, pg 270 and pg 112
2022 Annual Report: A reduction in these activities with $45.764 billion in Securities sold, not yet purchased and $2.737 billion Securities sold under agreements to repurchase, totaling, totaling $48.501 billion in potential Naked Short selling.
Citadel Securities Failed To Receive:
Securities failed to deliver $47 Millions. Securities failed to deliver to Affiliates $31 Millions. Securities failed to receive $61 Millions. Securities failed to receive from Affiliates $145 Millions.
2023 Annual Report: Further reduction to $27.758 billion in in securities sold, not yet purchased and $8.022 billion in repurchased securities, totaling $35.780 billion in potential Naked Short selling.
Citadel Securities Failed To Receive:
Securities failed to deliver $185 Millions. Securities failed to receive $70.576 Millions. Securities failed to deliver to affiliate $129 Millions. Securities failed to receive $108 Millions. Securities failed to receive from affiliates $114 Millions.
Virtu Financial, Inc Activities:
2020 Annual Report: Highlighted $461.235 Millions in securities sold, not yet purchased, and $2.923,708 billion in repurchased securities, totaling $3.384,943 billion in potential Naked Short selling.
Virtu Financial, Inc Failed To Receive:
Securities failed to deliver $372.965 Millions. Securities failed to receive $156,804 Millions.
2021 Annual Report: An increase to $514.325 Millions in securities sold, not yet purchased, and $3.510,779 billion in repurchased securities, totaling $4.025,104 billion in potential Naked Short selling.
Virtu Financial, Inc Failed To Receive:
Securities failed to deliver $290.207 Millions. Securities failed to receive $128.392 Millions.
2022 Annual Report: Further increase to $627.549 Millions in unsold securities and $4.196,974 billion in repurchased securities, totaling $4.824,523 billion.
Virtu Financial, Inc Failed To Receive:
Securities failed to deliver $149.747 Millions. Securities failed to receive $70.576 Millions.
2023 Annual Report: A significant jump to $1.795,994 billion in unsold securities and $6.071,352 billion in repurchased securities, totaling $7.867,346 billion in potential Naked Short selling.
Virtu Financial, Inc Failed To Receive:
Securities failed to deliver $148.822 Millions. Securities failed to receive $104.702 Millions.
Bibliography:
Citadel Securities 2020 SEC filings pg 7, pg & pg 14: https://www.sec.gov/Archives/edgar/data/1146184/000161634421000004/CDRG_StmtFinCndtn2020.pdf
Citadel Securities 2021 SEC filings pg 14, pg 270 and pg 112: https://www.sec.gov/Archives/edgar/data/1146184/000128417022000004/CDRG_BS_Only_FS_2021.pdf
Citadel 2022 pg pg 16 & pg 79: https://www.sec.gov/Archives/edgar/data/1146184/000114618423000003/CDRG_BS_Only_2022.pdf
Citadel 2023 annual report pg 8 & pg 15: https://www.sec.gov/Archives/edgar/data/1146184/000114618424000001/CDRG_BS_Only_2023.pdf
Annual Report for Citigroup 2020 pg 286 and pg326. https://www.citigroup.com/rcs/citigpa/storage/public/ar20_en.pdf
Citigroup Annual Report for 2021 Pg 191: https://www.citigroup.com/rcs/citigpa/storage/public/ar21_en.pdf
Citigroup 2022 Annual Report: page 113 and pg 282:
https://www.citigroup.com/rcs/citigpa/storage/public/citi-2022-annual-report.pdf
Citigroup 2023 annual report pg 20 and pg 284: https://www.citigroup.com/rcs/citigpa/storage/public/Citi-2023-Annual-Report.pdf
On Aug. 18 2023 Citigroup slashed AMC Target price to $1.55: https://investorplace.com/2023/08/amc-stock-alert-citi-slashes-price-target-to-1-55/
Virtu Financial, Inc 2020 pg 80 & pg 104: https://ir.virtu.com/static-files/a82d7497-db89-4f7b-ba7c-ca369e8b443d
Virtu Financial, Inc 2021 pg 105 & pg 99: https://www.sec.gov/Archives/edgar/data/1592386/000159238622000041/virt-20211231.htm
Virtu Financial, Inc 2022 pg 79 & pg 99: https://ir.virtu.com/static-files/45f72c19-d372-483d-b460-6e18171cf61c
Virtu Financial, Inc 2023 pg 80 & pg 99: https://ir.virtu.com/static-files/dc64f6df-907b-42a8-a2d0-05795893f769