At Holdings Channel, we’ve reviewed the newest batch of the 26 most up-to-date 13F filings for the 12/31/2024 reporting interval, and seen that Accenture plc (Image: ACN) was held by 12 of those funds. When hedge fund managers seem like considering alike, we discover it’s a good suggestion to take a better look.
Earlier than we proceed, it is very important 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 usually are not required to reveal their quick positions. A fund making a bearish guess towards 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 may present up in a 13F submitting and everybody would possibly 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 is just not seen.
Having on condition that caveat, we imagine that teams of 13F filings might be revealing, particularly when evaluating one holding interval to a different. Beneath, let’s check out the change in ACN positions, for this newest batch of 13F filers:
When it comes to shares owned, we rely 2 of the above funds having elevated present ACN positions from 09/30/2024 to 12/31/2024, with 6 having decreased their positions. Value noting is that 1900 Wealth Management LLC, included on this current batch of 13F filers, exited ACN widespread inventory as of 12/31/2024.
Trying past these specific funds on this one batch of most up-to-date filers, we tallied up the ACN share rely within the mixture amongst all of the funds which held ACN on the 12/31/2024 reporting interval (out of the 1,999 we checked out in complete). We then in contrast that quantity to the sum complete of ACN shares those self same funds held again on the 09/30/2024 interval, to see how the combination share rely held by hedge funds has moved for ACN. We discovered that between these two intervals, funds elevated their holdings by 1,030,051 shares within the mixture, from 19,227,752 as much as 20,257,803 for a share rely enhance of roughly 5.36%. The general high three funds holding ACN on 12/31/2024 have been:
We’ll hold following the latest 13F filings by hedge fund managers and produce you attention-grabbing tales derived from a have a look at the combination data throughout teams of managers between submitting intervals. Whereas particular person 13F filings can generally be deceptive as a result of long-only nature of the data, the sum complete throughout teams of funds from one reporting interval to a different could be a lot extra revealing and related, offering attention-grabbing inventory concepts that advantage additional analysis, like Accenture plc (Image: ACN).
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
