At Holdings Channel, we’ve reviewed the most recent batch of the 24 most up-to-date 13F filings for the 03/31/2024 reporting interval, and observed that ConocoPhillips (Image: COP) was held by 15 of those funds. When hedge fund managers seem like considering alike, we discover it’s a good suggestion to take a more in-depth 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 aren’t 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 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 shouldn’t be seen.
Having provided that caveat, we consider that taking a look at teams of 13F filings could be revealing, particularly when evaluating one holding interval to a different. Beneath, let’s check out the change in COP positions, for this newest batch of 13F filers:
When it comes to shares owned, we depend 1 of the above funds having elevated current COP positions from 12/31/2023 to 03/31/2024, with 6 having decreased their positions.
Wanting past these specific funds on this one batch of most up-to-date filers, we tallied up the COP share depend within the combination amongst all of the funds which held COP on the 03/31/2024 reporting interval (out of the 1,596 we checked out in whole). We then in contrast that quantity to the sum whole of COP 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 COP. We discovered that between these two intervals, funds elevated their holdings by 441,968 shares within the combination, from 21,139,832 as much as 21,581,800 for a share depend improve of roughly 2.09%. The general prime three funds holding COP on 03/31/2024 have been:
We’ll preserve following the latest 13F filings by hedge fund managers and produce you attention-grabbing tales derived from a take a look at the mixture info throughout teams of managers between submitting intervals. 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 whole throughout teams of funds from one reporting interval to a different is usually a lot extra revealing and related, offering attention-grabbing inventory concepts that benefit additional analysis, like ConocoPhillips (Image: COP).
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Additionally see:
CLGX shares outstanding history
ETFs Holding ARMH
Institutional Holders of ABLV
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
