At Holdings Channel, now we have reviewed the newest batch of the 26 most up-to-date 13F filings for the 03/31/2024 reporting interval, and observed that Abbott Laboratories (Image: ABT) was held by 14 of those funds. When hedge fund managers seem like pondering alike, we discover it’s a good suggestion to take a better look.
Earlier than we proceed, you will need to level out that 13F filings don’t inform the entire story, as a result of these funds are solely required to reveal their lengthy positions with the SEC, however will not be required to reveal their quick positions. A fund making a bearish guess in opposition to a inventory by shorting calls, for instance, may additionally be lengthy some quantity of inventory as they commerce round their total bearish place. This lengthy part might present up in a 13F submitting and everybody may assume the fund is bullish, however this tells solely a part of the story as a result of the bearish/quick aspect of the place shouldn’t be seen.
Having on condition that caveat, we imagine that taking a look at teams of 13F filings could be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in ABT positions, for this newest batch of 13F filers:
When it comes to shares owned, we depend 2 of the above funds having elevated present ABT positions from 12/31/2023 to 03/31/2024, with 7 having decreased their positions. Price noting is that Financial Advisory Partners LLC, included on this current batch of 13F filers, exited ABT widespread inventory as of 03/31/2024.
Wanting past these explicit funds on this one batch of most up-to-date filers, we tallied up the ABT share depend within the mixture amongst all of the funds which held ABT on the 03/31/2024 reporting interval (out of the 831 we checked out in whole). We then in contrast that quantity to the sum whole of ABT shares those self same funds held again on the 12/31/2023 interval, to see how the combination share depend held by hedge funds has moved for ABT. We discovered that between these two durations, funds diminished their holdings by 51,561 shares within the mixture, from 13,269,832 right down to 13,218,271 for a share depend decline of roughly -0.39%. The general high three funds holding ABT on 03/31/2024 have been:
We’ll preserve following the latest 13F filings by hedge fund managers and convey you attention-grabbing tales derived from a have a look at the combination info throughout teams of managers between submitting durations. Whereas taking a look at particular person 13F filings can generally be deceptive as a result of long-only nature of the data, the sum whole throughout teams of funds from one reporting interval to a different generally is a lot extra revealing and related, offering attention-grabbing inventory concepts that benefit additional analysis, like Abbott Laboratories (Image: ABT).
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