At Holdings Channel, we’ve got reviewed the most recent batch of the 23 most up-to-date 13F filings for the 09/30/2024 reporting interval, and seen that Nike (Image: NKE) was held by 15 of those funds. When hedge fund managers look 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 will not be required to reveal their quick positions. A fund making a bearish wager towards 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 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 NKE positions, for this newest batch of 13F filers:
By way of shares owned, we depend 1 of the above funds having elevated current NKE positions from 06/30/2024 to 09/30/2024, with 6 having decreased their positions and 4 new positions. Value noting is that POM Investment Strategies LLC, included on this current batch of 13F filers, exited NKE 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 NKE share depend within the combination amongst all of the funds which held NKE on the 09/30/2024 reporting interval (out of the 1,215 we checked out in complete). We then in contrast that quantity to the sum complete of NKE 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 NKE. We discovered that between these two intervals, funds diminished their holdings by 213,366 shares within the combination, from 15,716,304 down to fifteen,502,938 for a share depend decline of roughly -1.36%. The general prime three funds holding NKE on 09/30/2024 had been:
We’ll maintain following the latest 13F filings by hedge fund managers and convey you fascinating tales derived from a take a look at the combination info throughout teams of managers between submitting intervals. Whereas taking a look at particular person 13F filings can typically be deceptive because of the long-only nature of the knowledge, the sum complete throughout teams of funds from one reporting interval to a different could be a lot extra revealing and related, offering fascinating inventory concepts that benefit additional analysis, like Nike (Image: NKE).
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