At Holdings Channel, we’ve got reviewed the most recent batch of the 22 most up-to-date 13F filings for the 09/30/2024 reporting interval, and observed that Johnson & Johnson (Image: JNJ) was held by 16 of those funds. When hedge fund managers seem like considering 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 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 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 on condition that caveat, we consider that teams of 13F filings will be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in JNJ positions, for this newest batch of 13F filers:
| Fund | New Place? | Change In Share Depend | Change In Market Worth ($ in 1000’s) |
|---|---|---|---|
| Praetorian Wealth Management Inc. | Current | +1 | +$18 |
| VERITY Wealth Advisors | Current | UNCH | +$112 |
| Silvia Mccoll Wealth Management LLC | Current | –565 | –$3 |
| Czech National Bank | Current | +31,766 | +$12,440 |
| AMF Tjanstepension AB | Current | +52,997 | +$14,507 |
| Unique Wealth LLC | Current | +28 | +$99 |
| Curbstone Financial Management Corp | Current | –1,386 | +$218 |
| Rockland Trust Co. | Current | –6,686 | +$793 |
| First Citizens Financial Corp | Current | –238 | +$91 |
| Moody National Bank Trust Division | Current | +597 | +$692 |
| Presilium Private Wealth LLC | Current | –85 | +$16 |
| Duncan Williams Asset Management LLC | Current | +2,344 | +$415 |
| Abacus Wealth Partners LLC | Current | +1,885 | +$387 |
| Private Client Services LLC | Current | +135 | +$51 |
| Capital Market Strategies LLC | Current | –52 | +$109 |
| SG Americas Securities LLC | Current | +425,668 | +$16,566 |
| Combination Change: | +506,409 | +$46,511 | |
When it comes to shares owned, we depend 9 of the above funds having elevated current JNJ positions from 06/30/2024 to 09/30/2024, with 6 having decreased their positions. Price noting is that Granite Bay Wealth Management LLC, included on this latest batch of 13F filers, exited JNJ frequent inventory as of 09/30/2024.
Trying past these explicit funds on this one batch of most up-to-date filers, we tallied up the JNJ share depend within the mixture amongst all of the funds which held JNJ on the 09/30/2024 reporting interval (out of the 7,313 we checked out in whole). We then in contrast that quantity to the sum whole of JNJ shares those self same funds held again on the 06/30/2024 interval, to see how the mixture share depend held by hedge funds has moved for JNJ. We discovered that between these two durations, funds elevated their holdings by 61,858,199 shares within the mixture, from 1,646,205,726 as much as 1,708,063,925 for a share depend enhance of roughly 3.76%. The general high three funds holding JNJ on 09/30/2024 have 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 data throughout teams of managers between submitting durations. Whereas particular person 13F filings can typically be deceptive because of the long-only nature of the knowledge, the sum whole throughout teams of funds from one reporting interval to a different could be a lot extra revealing and related, offering fascinating inventory concepts that advantage additional analysis, like Johnson & Johnson (Image: JNJ).
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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.
