Funds Added To BB&T Positions

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At Holdings Channel , we have reviewed 3,692 13-F filings for the 03/31/2014 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13-F filers. For each component, we totaled the number of shares across across all of these funds. Next, we went back to the 12/31/2013 period, and went through the same exercise for each of those 3,692 hedge funds. By comparing the same group across the two periods, we can see which S&P 500 components, in the aggregate, these particular hedge funds have been buying and selling.

One of the components that stands out with notable buying, is BB&T Corp. (Symbol: BBT). We should point out before going any further, that 13-F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13-F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen .

However, we believe that looking at groups of 13-F filings can be an interesting exercise, especially when comparing one holding period to another. So, let's take a look at the change in BBT positions across that group of 3,692 funds we have looked at that have filed for the 03/31/2014 period, versus back at their 12/31/2013 report. We found that between these two periods, hedge funds increased their holdings by 23,617,750 shares in the aggregate, from 400,683,526 up to 424,301,276 for a share count increase of approximately 5.89% .

The overall top three funds holding BBT on 03/31/2014 were:

Hedge Fund Shares of BBT Held
1. Vanguard Group Inc. 34,490,410
2. State Street Corp 31,354,540
3. BlackRock Institutional Trust Company N.A. 18,168,688
4-10 Find out the full Top 10 Hedge Funds Holding BBT

We'll keep following the latest 13-F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13-F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like BB&T Corp. (Symbol: BBT).

10 S&P 500 Components Hedge Funds Are Buying ยป



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Options

Referenced Stocks: BBT

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