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  "documentTitle": "Axon Enterprise (formerly TASER) (AAXN)",
  "authorId": "54_Spruce_Point_Capital",
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  "documentKindSlug": "activist-deck",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2019-06-19 00:00:00",
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  "notes": "The slide uses arrows to visually indicate the direction of ownership trends for each investor.",
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      "kind": "callout",
      "text": "Long-term fundamental owners have been exiting Axon’s shares, most notably Fidelity which blew out of a substantial position between 2018-2019.",
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      "text": "Institutional Ownership %",
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      "text": "Ownership of Axon's stock has been driven primarily by asset gathers drawing in funds for mostly passive (index/ETF) investing. Long-term fundamental owners have been exiting Axon's shares, most notably Fidelity which blew out of a substantial position between 2018-2019.",
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      "text": "Source: Axon proxy statements and Bloomberg",
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      "kind": "title",
      "text": "Institutional Support Declining",
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      "arcName": "Overcoming the Monster",
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