There were 90 funds holding shares of a stock in the third quarter of a certain year, but only one fund remained when the annual report was disclosed. However, the number of shareholders decreased, and the stock price fluctuated by no more than 10%.

The theory of fund laundering is difficult to establish. What we need to understand is the fact why the funds have withdrawn from the stock.

Funds have professional teams to conduct research on listed companies. Are they all "fools"?

Reduction in the number of shareholders: For some reason, not only the funds of the company have withdrawn, but also a large number of retail investors have withdrawn. It is very likely that the fundamentals of the company have deteriorated, causing many investors to stay away.

If the stock continues to trade sideways, the bulls can easily get out: since the stock has not risen for a long time, investors who cannot bear the loneliness choose to abandon the stock.

Especially retail investors, they simply don't have the patience to stick to a stock that is almost motionless.

Or is it that the big market makers have been suppressing fund-raising, and funds cannot support it and exit the market: there is no problem of funds being unable to support the market and exiting the market. Funds are all big funds. Even if they buy the stock, it will only be a small part of their assets, even if this part of the investment is long-term.

If time is not profitable, they will not easily choose to quit. There must be a deeper reason.

Secondly, according to your statement, the stock has been trading sideways for a year, and the market makers have been collecting funds for a year, so it should be about the same. It is still trading sideways, which proves that the stock has no powerful institutions involved.