At Holdings Channel, we now have reviewed the newest batch of the 29 most up-to-date 13F filings for the 12/31/2024 reporting interval, and observed that Truist Monetary Corp (Image: TFC) was held by 10 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, 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 usually are not required to reveal their brief 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 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 aspect of the place is just not seen.
Having on condition that caveat, we imagine 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 TFC positions, for this newest batch of 13F filers:
| Fund | New Place? | Change In Share Rely | Change In Market Worth ($ in 1000’s) |
|---|---|---|---|
| AIA Group Ltd | Current | –26,307 | –$1,106 |
| FSB Premier Wealth Management Inc. | Current | –892 | –$32 |
| Hazlett Burt & Watson Inc. | Current | UNCH | +$6 |
| Wellington Management Group LLP | Current | –150,616 | –$6,370 |
| Skba Capital Management LLC | Current | +127,500 | +$5,615 |
| Partners in Financial Planning | NEW | +13,680 | +$593 |
| Everstar Asset Management LLC | NEW | +5,920 | +$257 |
| O Shaughnessy Asset Management LLC | Current | +14,968 | +$614 |
| Prevail Innovative Wealth Advisors LLC | NEW | +6,998 | +$304 |
| United Bank | Current | +2,842 | +$167 |
| Combination Change: | –5,907 | +$48 | |
When it comes to shares owned, we depend 3 of the above funds having elevated present TFC positions from 09/30/2024 to 12/31/2024, with 3 having decreased their positions and three new positions.
Trying past these explicit funds on this one batch of most up-to-date filers, we tallied up the TFC share depend within the combination amongst all of the funds which held TFC on the 12/31/2024 reporting interval (out of the 4,680 we checked out in whole). We then in contrast that quantity to the sum whole of TFC 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 TFC. We discovered that between these two durations, funds elevated their holdings by 12,822,661 shares within the combination, from 389,069,526 as much as 401,892,187 for a share depend improve of roughly 3.30%. The general prime three funds holding TFC on 12/31/2024 have been:
We’ll hold following the latest 13F filings by hedge fund managers and produce you attention-grabbing tales derived from a have a look at the mixture info throughout teams of managers between submitting durations. Whereas particular person 13F filings can generally be deceptive as a result of long-only nature of the knowledge, the sum whole throughout teams of funds from one reporting interval to a different could be a lot extra revealing and related, offering attention-grabbing inventory concepts that benefit additional analysis, like Truist Monetary Corp (Image: TFC).
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
