At Holdings Channel, we’ve reviewed the most recent batch of the 22 most up-to-date 13F filings for the 12/31/2024 reporting interval, and observed that Northrop Grumman Corp (Image: NOC) 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 better 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 are usually not required to reveal their brief 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 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/brief facet of the place will not be seen.
Having on condition that caveat, we consider 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 NOC positions, for this newest batch of 13F filers:
When it comes to shares owned, we depend 4 of the above funds having elevated current NOC positions from 09/30/2024 to 12/31/2024, with 2 having decreased their positions.
Trying past these explicit funds on this one batch of most up-to-date filers, we tallied up the NOC share depend within the mixture amongst all of the funds which held NOC on the 12/31/2024 reporting interval (out of the three,208 we checked out in complete). We then in contrast that quantity to the sum complete of NOC shares those self same funds held again on the 09/30/2024 interval, to see how the mixture share depend held by hedge funds has moved for NOC. We discovered that between these two durations, funds elevated their holdings by 74,936 shares within the mixture, from 6,647,186 as much as 6,722,122 for a share depend enhance of roughly 1.13%. The general high three funds holding NOC on 12/31/2024 had been:
We’ll preserve 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 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 generally is a lot extra revealing and related, offering fascinating inventory concepts that advantage additional analysis, like Northrop Grumman Corp (Image: NOC).
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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.
