At Holdings Channel, we’ve reviewed the newest batch of the 29 most up-to-date 13F filings for the 12/31/2024 reporting interval, and seen that Amgen Inc (Image: AMGN) was held by 13 of those funds. When hedge fund managers look 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 should not required to reveal their brief 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 general bearish place. This lengthy element 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/brief facet of the place just isn’t seen.
Having provided that caveat, we imagine that taking a look at teams of 13F filings might be revealing, particularly when evaluating one holding interval to a different. Beneath, let’s check out the change in AMGN positions, for this newest batch of 13F filers:
By way of shares owned, we rely 7 of the above funds having elevated current AMGN positions from 09/30/2024 to 12/31/2024, with 5 having decreased their positions and 1 new place.
Trying past these explicit funds on this one batch of most up-to-date filers, we tallied up the AMGN share rely within the combination amongst all of the funds which held AMGN on the 12/31/2024 reporting interval (out of the 1,610 we checked out in complete). We then in contrast that quantity to the sum complete of AMGN shares those self same funds held again on the 09/30/2024 interval, to see how the mixture share rely held by hedge funds has moved for AMGN. We discovered that between these two durations, funds diminished their holdings by 3,690,358 shares within the combination, from 18,915,898 down to fifteen,225,540 for a share rely decline of roughly -19.51%. The general prime three funds holding AMGN on 12/31/2024 had been:
We’ll hold following the latest 13F filings by hedge fund managers and convey you fascinating tales derived from a take a look at the mixture 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 knowledge, the sum complete throughout teams of funds from one reporting interval to a different is usually a lot extra revealing and related, offering fascinating inventory concepts that benefit additional analysis, like Amgen Inc (Image: AMGN).
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
