At Holdings Channel, we have now reviewed the newest batch of the 30 most up-to-date 13F filings for the 12/31/2024 reporting interval, and seen that Goal Corp (Image: TGT) was held by 13 of those funds. When hedge fund managers seem like considering alike, we discover it’s a good suggestion to take a better 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 additionally be lengthy some quantity of inventory as they commerce round their total bearish place. This lengthy element may 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/quick aspect of the place just isn’t seen.
Having provided that caveat, we consider that teams of 13F filings will be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in TGT positions, for this newest batch of 13F filers:
| Fund | New Place? | Change In Share Rely | Change In Market Worth ($ in 1000’s) |
|---|---|---|---|
| Diamond Hill Capital Management Inc. | Present | –390,549 | –$113,867 |
| Wellington Shields Capital Management LLC | Present | –900 | –$212 |
| Renasant Bank | NEW | +1,719 | +$232 |
| Aviso Financial Inc. | NEW | +6,530 | +$883 |
| Atala Financial Inc | NEW | +77 | +$10 |
| LBP AM SA | Present | +14,746 | +$1,642 |
| Kestra Advisory Services LLC | Present | –13,988 | –$3,930 |
| Buckley Wealth Management LLC | Present | +250 | –$118 |
| Greatmark Investment Partners Inc. | Present | –2,525 | –$1,319 |
| Associated Banc Corp | Present | –4,597 | –$848 |
| Wellington Shields & Co. LLC | Present | UNCH | –$8 |
| Ironwood Investment Counsel LLC | Present | +50 | –$74 |
| First National Trust Co | Present | –274 | –$341 |
| Mixture Change: | –389,461 | –$117,950 | |
By way of shares owned, we depend 3 of the above funds having elevated current TGT positions from 09/30/2024 to 12/31/2024, with 6 having decreased their positions and three new positions. Price noting is that Northwest Wealth Management LLC, and ETF Store Inc., included on this current batch of 13F filers, exited TGT frequent inventory as of 12/31/2024.
Trying past these explicit funds on this one batch of most up-to-date filers, we tallied up the TGT share depend within the mixture amongst all of the funds which held TGT on the 12/31/2024 reporting interval (out of the three,973 we checked out in whole). We then in contrast that quantity to the sum whole of TGT 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 TGT. We discovered that between these two durations, funds diminished their holdings by 2,100,180 shares within the mixture, from 84,374,404 right down to 82,274,224 for a share depend decline of roughly -2.49%. The general high three funds holding TGT on 12/31/2024 have been:
We’ll maintain following the latest 13F filings by hedge fund managers and produce you fascinating tales derived from a take a look at the mixture data throughout teams of managers between submitting durations. Whereas particular person 13F filings can typically be deceptive as a result of long-only nature of the data, the sum whole throughout teams of funds from one reporting interval to a different is usually a lot extra revealing and related, offering fascinating inventory concepts that advantage additional analysis, like Goal Corp (Image: TGT).
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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.
