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  "docSlug": "04cdac207807",
  "documentTitle": "Henry Schein, Inc. (HSIC)",
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  "presentationDate": "2018-09-26 00:00:00",
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  "notes": "The slide uses a table to show cross-ownership patterns among major institutional investors.",
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      "kind": "callout",
      "text": "The large index and ETF funds are also expected to be natural buyers of Vets First Corp. over time",
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      "text": "HSIC's top 25 holders representing $10B of HSIC ownership also represent $11.7B of combined ownership in IDXX and ZTS",
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      "text": "We believe that existing HSIC shareholders will continue to own Vets First Corp given their ownership levels of IDXX and ZTS (the 2 biggest animal health sector pure plays). The cross-ownership analysis illustrates HSIC’s existing shareholder’s large exposure and understanding of the “Animal Health” theme.",
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      "text": "Source: Bloomberg",
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      "text": "HSIC Cross-Ownership Analysis Indicates That Many HSIC Shareholders Will Continue To Own VFC",
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