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See Which Of The Latest 13F Filers Holds Anadarko Petroleum

At Holdings Channel , we have reviewed the latest batch of the 35 most recent 13F filings for the 12/31/2016 reporting period, and noticed that Anadarko Petroleum Corp (Symbol: APC) was held by 9 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 APC positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Chilton Capital Management LLC Existing +20,614 +$1,687
BP Capital Fund Advisors LLC Existing UNCH +$941
Folger Hill Asset Management LP Existing +87,801 +$6,250
Encompass Capital Advisors LLC Existing +585,037 +$44,967
Eagle Global Advisors LLC Existing UNCH +$59
Dynamic Capital Management Ltd NEW +183,853 +$12,820
Mairs & Power INC NEW +2,894 +$202
Jafra Capital Management LP NEW +10,000 +$697
Jabre Capital Partners S.A. NEW +120,000 +$8,368
Aggregate Change: +1,010,199 +$75,991

In terms of shares owned, we count 3 of the above funds having increased existing APC positions from 09/30/2016 to 12/31/2016, with 4 new positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the APC share count in the aggregate among all of the funds which held APC at the 12/31/2016 reporting period (out of the 2,765 we looked at in total). We then compared that number to the sum total of APC shares those same funds held back at the 09/30/2016 period, to see how the aggregate share count held by hedge funds has moved for APC. We found that between these two periods, funds increased their holdings by 13,313,335 shares in the aggregate, from 226,340,015 up to 239,653,350 for a share count increase of approximately 5.88%. The overall top three funds holding APC on 12/31/2016 were:

Fund Shares of APC Held
1. FMR LLC 35,291,542
2. State Street Corp 28,405,456
3. BlackRock Institutional Trust Company N.A. 15,234,733
4-10 Find out the full Top 10 Hedge Funds Holding APC

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 Anadarko Petroleum Corp (Symbol: APC).

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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.


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

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