At Holdings Channel, we have reviewed 4,897 13F filings for the 03/31/2022 reporting period, and looked at the various S&P 500 components held by each of these reporting hedge funds and other 13F filers. For each component, we totaled the number of shares held across all of these funds. Next, we went back to the 12/31/2021 period, and went through the same exercise for each of those 4,897 funds. By comparing the same group across the two periods, we can see which S&P 500 components, in the aggregate, these particular funds have been buying and selling.
One of the components that stands out with notable buying, is Alaska Air Group, Inc. (Symbol: ALK). We should point out before going any further, 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.
However, we believe that looking at groups of 13F filings can be an interesting exercise, especially when comparing one holding period to another. So, let's take a look at the change in ALK positions across that group of 4,897 funds we have looked at that have filed for the 03/31/2022 period, versus back at their 12/31/2021 report. We found that between these two periods, funds increased their holdings by 5,397,049 shares in the aggregate, from 65,081,325 up to 70,478,374 for a share count increase of approximately 8.29%.
The overall top three funds holding ALK on 03/31/2022 were:
|»||Fund||Shares of ALK Held|
|1.||Vanguard Group Inc.||13,949,994|
|3.||Victory Capital Management Inc.||6,341,707|
|4-10||Find out the full Top 10 Hedge Funds Holding ALK||»|
We'll keep following the latest 13F filings by 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 Alaska Air Group, Inc. (Symbol: ALK).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.