Form SH-ER Filings

What Is SEC Form SH-ER?

SEC Form SH-ER is a weekly report of Form SH entries filed by institutional investment managers. It was used to report certain short sales and short positions in Section 13(f) securities under the SEC’s emergency short sale disclosure requirements.

This form was typically filed when an institutional investment manager entered into new short positions during a weekly reporting period covered by the Form SH emergency orders. The filing was made on a non-public basis through EDGAR and included both a summary page and an information table showing daily short position data for the prior calendar week.

Form SH-ER helped the SEC collect short sale and short position information from eligible managers during the temporary reporting period. It was tied to the Commission’s emergency orders and related temporary rule on disclosure of short sales and short positions by institutional investment managers.

Key elements typically found in SEC Form SH-ER include:

• Name of the institutional investment manager
• Reporting period end date
• Report type designation as a Form SH entries report
• Summary page information
• Daily information table entries for each covered Section 13(f) security
• Short position and short sale data for the reporting week

SEC Form SH-ER Filing Deadlines

SEC Form SH-ER had specific weekly timing requirements during the period when the Form SH emergency orders were in effect. These deadlines were important for managers required to report short sale activity for the preceding Sunday-Saturday reporting week.

Key Things to Know About Form SH-ER Filing Rules

• Filed by Institutional Investment Managers: Form SH-ER was filed by managers who exercised investment discretion with respect to accounts holding Section 13(f) securities, and who met the reporting conditions under the Form SH emergency orders.
• Weekly Entries Report Format: SH-ER was the entries report version of Form SH and included the cover page, summary page, and information table rather than a notice-only filing.
• Non-Public Filing Requirement: Form SH reports were filed with the Commission on a non-public basis during the emergency reporting period.
• Information Table Was Required: The filing included daily issuer-level data such as the CUSIP number, short position at the start and end of day, number of securities sold short, value of securities sold short, and the largest intraday short position.
• Temporary, Event-Driven Reporting Framework: Form SH-ER was tied to the SEC’s emergency short sale disclosure regime and applied only during the temporary reporting period established by the Commission.

SEC Form SH-ER is a filing used by institutional investment managers to report short sale activity under the SEC’s emergency disclosure requirements. Analysts may monitor financial disclosures such as results of operations and financial condition, and financial statements and exhibits, and review disclosure updates in the Securities Act Updating Disclosure.