At Holdings Channel, we’ve reviewed the most recent batch of the 39 most up-to-date 13F filings for the 09/30/2024 reporting interval, and seen that Mondelez Worldwide Inc (Image: MDLZ) was held by 14 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, you will need to 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 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 will not be seen.
Having provided that caveat, we consider that teams of 13F filings could be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in MDLZ positions, for this newest batch of 13F filers:
By way of shares owned, we rely 6 of the above funds having elevated present MDLZ positions from 06/30/2024 to 09/30/2024, with 5 having decreased their positions and 1 new place. Price noting is that SeaBridge Investment Advisors LLC, included on this current batch of 13F filers, exited MDLZ widespread inventory as of 09/30/2024.
Wanting past these specific funds on this one batch of most up-to-date filers, we tallied up the MDLZ share rely within the mixture amongst all of the funds which held MDLZ on the 09/30/2024 reporting interval (out of the two,955 we checked out in whole). We then in contrast that quantity to the sum whole of MDLZ shares those self same funds held again on the 06/30/2024 interval, to see how the combination share rely held by hedge funds has moved for MDLZ. We discovered that between these two intervals, funds diminished their holdings by 1,116,105 shares within the mixture, from 78,986,847 all the way down to 77,870,742 for a share rely decline of roughly -1.41%. The general prime three funds holding MDLZ 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 take a look at the combination data throughout teams of managers between submitting intervals. Whereas particular person 13F filings can generally 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 generally is a lot extra revealing and related, offering attention-grabbing inventory concepts that benefit additional analysis, like Mondelez Worldwide Inc (Image: MDLZ).
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
