I am trying to understand the numbers in the holdings for VEXPX (I'm not specifically interested in this fund, this is just an example) compared to SEC filings (which I guess limits the question to US based funds).
This is a screenshot from the Morningstar link as at 22/MAR/2019, just to keep the data around as it will change. I compared this to the holdings in the N-Q (only available for 31/JUL/2018) and N-CSR (dated 31/DEC/2018, first document here) filings on the SEC website for the same fund, the numbers don't seem to match. This is what I am trying to understand.
Take for instance Fortinet Inc: Morningstar lists 1,674,083 below, but I can't find the corresponding number on the SEC's site (only 1,781,873 on 31/DEC/2018). The share change (-187,780 isn't the difference between these numbers either).
Other examples match the SEC reports, but I cannot explain this particular line, which tells me I am missing something.
- Where does Morningstar gets its numbers from for the number of shares owned? (it seems more recent than the SEC)
- what does the "shares change" number mean?