At Holdings Channel, we’ve reviewed the most recent batch of the 23 most up-to-date 13F filings for the 12/31/2024 reporting interval, and observed that PepsiCo Inc (Image: PEP) was held by 14 of those funds. When hedge fund managers look like considering 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 will not be required to reveal their brief 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 might 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/brief facet 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 PEP positions, for this newest batch of 13F filers:
When it comes to shares owned, we depend 5 of the above funds having elevated current PEP positions from 09/30/2024 to 12/31/2024, with 6 having decreased their positions. Price noting is that Advisors Management Group Inc. ADV, and CHURCHILL MANAGEMENT Corp, included on this current batch of 13F filers, exited PEP frequent inventory as of 12/31/2024.
Trying past these specific funds on this one batch of most up-to-date filers, we tallied up the PEP share depend within the combination amongst all of the funds which held PEP on the 12/31/2024 reporting interval (out of the 289 we checked out in complete). We then in contrast that quantity to the sum complete of PEP shares those self same funds held again on the 09/30/2024 interval, to see how the combination share depend held by hedge funds has moved for PEP. We discovered that between these two intervals, funds diminished their holdings by 3,337,444 shares within the combination, from 15,242,315 all the way down to 11,904,871 for a share depend decline of roughly -21.90%. The general high three funds holding PEP on 12/31/2024 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 as a result of 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 attention-grabbing inventory concepts that benefit additional analysis, like PepsiCo Inc (Image: PEP).
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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.
