July 23, 2020
The raise in the threshold will harm investor transparency by hiding the movement of large players who influence market prices. The market valuation moves dramatically day to day. Had this been measured in March it would have been much lower than 3 billion.
Raising it to 400 million instead based on inflation is a more reasonable change. Retail investors who are participating more each day through apps like Robinhood deserve to have full transparency and this 13F reporting is one of the tools that help level the playing field.
Thanks for your consideration.