At Holdings Channel, we now have reviewed the most recent batch of the 21 most up-to-date 13F filings for the 12/31/2024 reporting interval, and seen that Prudential Monetary Inc (Image: PRU) was held by 7 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 should not 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 element 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/brief facet 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. Beneath, let’s check out the change in PRU positions, for this newest batch of 13F filers:
When it comes to shares owned, we rely 2 of the above funds having elevated present PRU positions from 09/30/2024 to 12/31/2024, with 1 having decreased their place and three new positions.
Trying past these specific funds on this one batch of most up-to-date filers, we tallied up the PRU share rely within the mixture amongst all of the funds which held PRU on the 12/31/2024 reporting interval (out of the 4,299 we checked out in complete). We then in contrast that quantity to the sum complete of PRU shares those self same funds held again on the 09/30/2024 interval, to see how the mixture share rely held by hedge funds has moved for PRU. We discovered that between these two intervals, funds elevated their holdings by 829,499 shares within the mixture, from 64,494,814 as much as 65,324,313 for a share rely enhance of roughly 1.29%. The general high three funds holding PRU on 12/31/2024 have been:
We’ll preserve following the latest 13F filings by hedge fund managers and produce you fascinating tales derived from a have a look at the mixture data throughout teams of managers between submitting intervals. Whereas particular person 13F filings can typically be deceptive because of the long-only nature of the data, 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 Prudential Monetary Inc (Image: PRU).
10 S&P 500 Components Hedge Funds Are Buying »
Additionally see:
INDY market cap history
ETFs Holding PAC
KLXI market cap history
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
