D MBA Should Have Filled a 13F in 2019

Spencer: D MBA should have been filing 13F since at least 2009. Even if you just disregard all of the stocks that D MBA held, just on ETFs, they were over 100 million in every year between 2009 and 2021. Spencer: The first filing they did on Valentine's Day of 2020, which showed US stock market holdings just above the $100 million mark. In other words, given the impression, maybe it was real. We're not saying. It was a real or not,. But it's certainly given the impression that they had just come to the point where their holdings in the U.S. stock market had gone above the $10 million threshold. They were