See Which Of The Latest 13F Filers Holds Applied Materials

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At Holdings Channel , we have reviewed the latest batch of the 40 most recent 13F filings for the 09/30/2017 reporting period, and noticed that Applied Materials, Inc. (Symbol: AMAT) was held by 14 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

Before we proceed, it is important to point out that 13F 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 13F 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 .

Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in AMAT positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Nicholas Investment Partners LP Existing -117,650 -$3,463
Graticule Asia Macro Advisors LLC NEW +1,310,000 +$68,238
Convergence Investment Partners LLC Existing +6,339 +$1,063
Epoch Investment Partners Inc. Existing +235,793 +$126,808
National Asset Management Inc. Existing +797 +$146
Evercore Wealth Management LLC Existing UNCH +$170
Bluestein R H & Co. NEW +10,000 +$521
SevenBridge Financial Group LLC NEW +225 +$12
Waters Parkerson & CO. LLC Existing -463 +$61
Private Advisor Group LLC Existing +6,072 +$589
California State Teachers Retirement System Existing -167,675 +$12,718
Financial Counselors Inc. Existing -12,210 +$811
Sheaff Brock Investment Advisors LLC Existing -3,643 +$333
National Planning Corp NEW +4,052 +$210
Aggregate Change: +1,271,637 +$208,217

In terms of shares owned, we count 4 of the above funds having increased existing AMAT positions from 06/30/2017 to 09/30/2017, with 5 having decreased their positions and 4 new positions. Worth noting is that Invictus RG , included in this recent batch of 13F filers, exited AMAT common stock as of 09/30/2017.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the AMAT share count in the aggregate among all of the funds which held AMAT at the 09/30/2017 reporting period (out of the 2,120 we looked at in total). We then compared that number to the sum total of AMAT shares those same funds held back at the 06/30/2017 period, to see how the aggregate share count held by hedge funds has moved for AMAT. We found that between these two periods, funds reduced their holdings by 7,880,438 shares in the aggregate, from 224,140,158 down to 216,259,720 for a share count decline of approximately -3.52%. The overall top three funds holding AMAT on 09/30/2017 were:

Fund Shares of AMAT Held
1. JPMorgan Chase & Co. 20,678,009
2. Egerton Capital UK LLP 16,919,928
3. Bank of New York Mellon Corp 14,101,219
4-10 Find out the full Top 10 Hedge Funds Holding AMAT

We'll keep following the latest 13F 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 13F 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 Applied Materials, Inc. (Symbol: AMAT).

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

This article appears in: Investing , Options
Referenced Symbols: AMAT

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