At Holdings Channel, now we have reviewed the most recent batch of the 22 most up-to-date 13F filings for the 09/30/2024 reporting interval, and observed that Eaton Corp plc (Image: ETN) was held by 11 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, 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 in opposition to 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 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 facet of the place shouldn’t be seen.
Having on condition that caveat, we imagine that taking a look at teams of 13F filings may be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in ETN positions, for this newest batch of 13F filers:
By way of shares owned, we depend 3 of the above funds having elevated present ETN positions from 06/30/2024 to 09/30/2024, with 5 having decreased their positions and 1 new place.
Wanting past these specific funds on this one batch of most up-to-date filers, we tallied up the ETN share depend within the combination amongst all of the funds which held ETN on the 09/30/2024 reporting interval (out of the three,178 we checked out in complete). We then in contrast that quantity to the sum complete of ETN shares those self same funds held again on the 06/30/2024 interval, to see how the combination share depend held by hedge funds has moved for ETN. We discovered that between these two durations, funds elevated their holdings by 647,040 shares within the combination, from 26,894,337 as much as 27,541,377 for a share depend enhance of roughly 2.41%. The general prime three funds holding ETN on 09/30/2024 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 typically 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 generally is a lot extra revealing and related, offering attention-grabbing inventory concepts that benefit additional analysis, like Eaton Corp plc (Image: ETN).
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Additionally see:
POR YTD Return
ETFs Holding BGFV
SNCY YTD Return
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
