Looks like Westferry is no longer in the top 20.
The overhang that is causing the downtrend is starting to make sense
2022 Annual Report
![5d9040a69651ec33bd6a8cba8f6559e8be7d57.png](//strawman.com/member/uploads/objects/98/5d9040a69651ec33bd6a8cba8f6559e8be7d57.png)
2023 Annual Report
![9ca6607139a501adb09cf799bcfd8b72d0a378.png](//strawman.com/member/uploads/objects/92/9ca6607139a501adb09cf799bcfd8b72d0a378.png)
However, Westferry still counts XRF as one of the top holdings
![dd394affcbc515a6afaed2394181e942804007.png](//strawman.com/member/uploads/objects/8d/dd394affcbc515a6afaed2394181e942804007.png)
As Westferry is not a substantial holder, we don't know when the sale occurred or how much they have keft
Capital IQ Pro reckons it is zero but from above I think that could be wrong.
![79427f2f52bf0b2e0a17e24dfdb7b1dfab5b4d.png](//strawman.com/member/uploads/objects/3f/79427f2f52bf0b2e0a17e24dfdb7b1dfab5b4d.png)
Might be a good but pointy question to ask?
[held]