At Holdings Channel, now we have reviewed the most recent batch of the 26 most up-to-date 13F filings for the 12/31/2024 reporting interval, and seen that Honeywell Worldwide Inc (Image: HON) was held by 10 of those funds. When hedge fund managers seem like pondering 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 also be lengthy some quantity of inventory as they commerce round their general bearish place. This lengthy part may 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 aspect of the place isn’t seen.
Having provided that caveat, we imagine that taking a look at teams of 13F filings will be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in HON positions, for this newest batch of 13F filers:
By way of shares owned, we rely 4 of the above funds having elevated current HON positions from 09/30/2024 to 12/31/2024, with 3 having decreased their positions and 1 new place. Value noting is that Reston Wealth Management LLC, included on this current batch of 13F filers, exited HON widespread inventory as of 12/31/2024.
Wanting past these explicit funds on this one batch of most up-to-date filers, we tallied up the HON share rely within the mixture amongst all of the funds which held HON on the 12/31/2024 reporting interval (out of the 1,400 we checked out in whole). We then in contrast that quantity to the sum whole of HON 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 HON. We discovered that between these two durations, funds diminished their holdings by 336,200 shares within the mixture, from 11,206,964 all the way down to 10,870,764 for a share rely decline of roughly -3.00%. The general high three funds holding HON on 12/31/2024 had 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 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 data, the sum whole 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 Honeywell Worldwide Inc (Image: HON).
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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.
