At Holdings Channel, we have now reviewed the most recent batch of the 23 most up-to-date 13F filings for the 03/31/2024 reporting interval, and observed that Vanguard Sector Index Funds Vanguard Info Know-how ETF (Image: VGT) was held by 9 of those funds. When hedge fund managers look like considering alike, we discover it’s a good suggestion to take a more in-depth 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 quick positions. A fund making a bearish wager in opposition to 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 part 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/quick aspect of the place will not be seen.
Having provided that caveat, we imagine 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 VGT positions, for this newest batch of 13F filers:
By way of shares owned, we rely 3 of the above funds having elevated current VGT positions from 12/31/2023 to 03/31/2024, with 2 having decreased their positions and 1 new place.
Wanting past these explicit funds on this one batch of most up-to-date filers, we tallied up the VGT share rely within the combination amongst all of the funds which held VGT on the 03/31/2024 reporting interval (out of the two,563 we checked out in whole). We then in contrast that quantity to the sum whole of VGT shares those self same funds held again on the 12/31/2023 interval, to see how the combination share rely held by hedge funds has moved for VGT. We discovered that between these two durations, funds elevated their holdings by 355,516 shares within the combination, from 6,102,855 as much as 6,458,371 for a share rely improve of roughly 5.83%. The general high three funds holding VGT on 03/31/2024 had been:
We’ll preserve following the latest 13F filings by hedge fund managers and convey you attention-grabbing tales derived from a have a look at the combination info throughout teams of managers between submitting durations. Whereas particular person 13F filings can generally be deceptive because of the long-only nature of the data, 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 Vanguard Sector Index Funds Vanguard Info Know-how ETF (Image: VGT).
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