See Which Of The Latest 13F Filers Holds Baidu

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At Holdings Channel , we have reviewed the latest batch of the 42 most recent 13F filings for the 12/31/2017 reporting period, and noticed that Baidu Inc (Symbol: BIDU) 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 BIDU positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Ashmore Group plc NEW +64,127 +$15,020
Vanguard Group Inc Existing +2,294,776 +$489,162
Rafferty Asset Management LLC Existing -338 -$169
Sage Capital Advisors llc NEW +8,138 +$1,906
Price T Rowe Associates Inc. MD Existing -371,086 -$131,867
Coldstream Capital Management Inc. Existing UNCH -$17
Glen Point Capital LLP NEW +9,600 +$2,248
Canada Pension Plan Investment Board Existing +545,715 +$127,812
DRW Securities LLC NEW +2,562 +$600
Motley Fool Wealth Management LLC Existing +989 +$3
Oberweis Asset Management Inc. Existing UNCH -$86
Causeway Capital Management LLC Existing -30,380 -$56,084
Aggregate Change: +2,524,103 +$448,528

In terms of shares owned, we count 3 of the above funds having increased existing BIDU positions from 09/30/2017 to 12/31/2017, with 3 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 BIDU share count in the aggregate among all of the funds which held BIDU at the 12/31/2017 reporting period (out of the 3,070 we looked at in total). We then compared that number to the sum total of BIDU shares those same funds held back at the 09/30/2017 period, to see how the aggregate share count held by hedge funds has moved for BIDU. We found that between these two periods, funds reduced their holdings by 1,854,230 shares in the aggregate, from 115,698,579 down to 113,844,349 for a share count decline of approximately -1.60%. The overall top three funds holding BIDU on 12/31/2017 were:

Fund Shares of BIDU Held
1. Baillie Gifford & Co. 22,819,720
2. BlackRock Inc. 13,901,721
3. Artisan Partners Limited Partnership 6,713,187
4-10 Find out the full Top 10 Hedge Funds Holding BIDU

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 Baidu Inc (Symbol: BIDU).

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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: BIDU

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