At Holdings Channel , we have reviewed the latest batch of the 22 most recent 13F filings for the 03/31/2016 reporting period, and noticed that Caterpillar Inc. (Symbol: CAT) 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 CAT positions, for this latest batch of 13F filers:
Change In Share Count
Change In Market Value($ in 1000's)
Moors & Cabot Inc.
Formidable Asset Management LLC
Sei Investments Co.
Hourglass Capital LLC
Massmutual Trust Co. FSB ADV
Folger Nolan Fleming Douglas Capital Management Inc.
Zweig DiMenna Associates LLC
CG Asset Management LLC
KCM Investment Advisors LLC
Pioneer Investment Management Inc.
Waterfront Capital Partners LLC
Peapack Gladstone Financial Corp
Schroder Investment Management Group
Archford Capital Strategies LLC
Haverford Trust Co.
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