See Which Of The Latest 13F Filers Holds United Technologies

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At Holdings Channel , we have reviewed the latest batch of the 20 most recent 13F filings for the 03/31/2019 reporting period, and noticed that United Technologies Corp (Symbol: UTX) was held by 15 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 UTX positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Harel Insurance Investments & Financial Services Ltd. Existing -1,280 -$134
Congress Park Capital LLC Existing +805 +$197
Deprince Race & Zollo Inc. Existing -8,488 +$2,844
Ronna Sue Cohen Existing +15 +$64
Steigerwald Gordon & Koch Inc. Existing +36,546 +$5,387
Rothschild Investment Corp IL Existing UNCH +$174
Valicenti Advisory Services Inc. Existing -1,474 +$312
Horan Securities Inc. Existing UNCH +$37
Community Bank & Trust Waco Texas Existing -88 +$95
Beacon Financial Group Existing +226 +$181
Highland Capital Management LLC Existing +866 +$1,343
Peoples Financial Services CORP. Existing -60 +$246
Oakbrook Investments LLC Existing +34,120 +$4,487
Bfsg LLC Existing -290 +$327
Gulf International Bank UK Ltd Existing +780 +$4,435
Aggregate Change: +61,678 +$19,995

In terms of shares owned, we count 7 of the above funds having increased existing UTX positions from 12/31/2018 to 03/31/2019, with 6 having decreased their positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the UTX share count in the aggregate among all of the funds which held UTX at the 03/31/2019 reporting period (out of the 587 we looked at in total). We then compared that number to the sum total of UTX shares those same funds held back at the 12/31/2018 period, to see how the aggregate share count held by hedge funds has moved for UTX. We found that between these two periods, funds increased their holdings by 208,412 shares in the aggregate, from 11,428,044 up to 11,636,456 for a share count increase of approximately 1.82%. The overall top three funds holding UTX on 03/31/2019 were:

» Fund Shares of UTX Held
1. Focused Investors LLC 821,900
2. First Manhattan Co. 644,581
3. Factory Mutual Insurance Co. 580,652
4-10 Find out the full Top 10 Hedge Funds Holding UTX »

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 United Technologies Corp (Symbol: UTX).

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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: UTX

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