Subject: Re: new screen on Nas100 doubles its CAGR
So that filter is just looking for companies w/ lots of outstanding shares.

Yes, that's correct. It's looking for highly liquid companies, as measured by available outstanding shares. This is also known as the company's "float".

(Floating stock refers to the number of shares a company has available to trade in the open market.)

musselmant also described an S&P 500 version of this screen, with similar rules, which is being tracked as the Liquid Consolidator's screen at https://discussion.fool.com/t/...

His original post on the S&P 500 version was at this thread - https://discussion.fool.com/t/...