See Which Of The Latest 13F Filers Holds Allergan

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At Holdings Channel , we have reviewed the latest batch of the 39 most recent 13F filings for the 06/30/2019 reporting period, and noticed that Allergan PLC (Symbol: AGN) was held by 12 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 AGN positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Magnetar Financial LLC Existing +953,272 +$159,880
UBS Group AG Existing +5,408,843 +$940,001
Alphasimplex Group LLC NEW +20,369 +$3,410
Accident Compensation Corp NEW +1,600 +$268
Bruce & Co. Inc. Existing -15,700 -$598
Cobalt Capital Management Inc. NEW +15,000 +$2,511
NWQ Investment Management Company LLC Existing -66,154 -$2,908
Meiji Yasuda Life Insurance Co Existing -1,966 -$112
Whitebox Advisors LLC NEW +121,700 +$20,376
Braun Bostich & Associates Inc. Existing -55 -$7
Act Two Investors LLC Existing -34,960 -$4,635
Meitav Dash Investments Ltd. Existing -110 +$24
Aggregate Change: +6,401,839 +$1,118,210

In terms of shares owned, we count 2 of the above funds having increased existing AGN positions from 03/31/2019 to 06/30/2019, with 6 having decreased their positions and 4 new positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the AGN share count in the aggregate among all of the funds which held AGN at the 06/30/2019 reporting period (out of the 3,459 we looked at in total). We then compared that number to the sum total of AGN shares those same funds held back at the 03/31/2019 period, to see how the aggregate share count held by hedge funds has moved for AGN. We found that between these two periods, funds reduced their holdings by 14,985,611 shares in the aggregate, from 117,427,635 down to 102,442,024 for a share count decline of approximately -12.76%. The overall top three funds holding AGN on 06/30/2019 were:

» Fund Shares of AGN Held
1. BlackRock Inc. 19,801,933
2. Artisan Partners Limited Partnership 7,594,387
3. Longview Partners Guernsey LTD 6,986,566
4-10 Find out the full Top 10 Hedge Funds Holding AGN »

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 Allergan PLC (Symbol: AGN).

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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 , Stocks
Referenced Symbols: AGN

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