At Holdings Channel, we now have reviewed the most recent batch of the 24 most up-to-date 13F filings for the 03/31/2024 reporting interval, and seen that Chubb Ltd (Image: CB) was held by 9 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, 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 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 also be lengthy some quantity of inventory as they commerce round their general bearish place. This lengthy part might 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 will not be seen.
Having provided that caveat, we consider that teams of 13F filings may be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in CB positions, for this newest batch of 13F filers:
By way of shares owned, we depend 2 of the above funds having elevated current CB positions from 12/31/2023 to 03/31/2024, with 4 having decreased their positions and a pair of new positions.
Trying past these explicit funds on this one batch of most up-to-date filers, we tallied up the CB share depend within the mixture amongst all of the funds which held CB on the 03/31/2024 reporting interval (out of the three,650 we checked out in complete). We then in contrast that quantity to the sum complete of CB shares those self same funds held again on the 12/31/2023 interval, to see how the mixture share depend held by hedge funds has moved for CB. We discovered that between these two durations, funds lowered their holdings by 489,364 shares within the mixture, from 42,190,523 right down to 41,701,159 for a share depend decline of roughly -1.16%. The general high three funds holding CB on 03/31/2024 have been:
We’ll maintain following the latest 13F filings by hedge fund managers and convey you fascinating tales derived from a have a look at the mixture data throughout teams of managers between submitting durations. Whereas particular person 13F filings can typically 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 could be a lot extra revealing and related, offering fascinating inventory concepts that benefit additional analysis, like Chubb Ltd (Image: CB).
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
