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See Which Of The Latest 13F Filers Holds Celgene

At Holdings Channel , we have reviewed the latest batch of the 23 most recent 13F filings for the 12/31/2015 reporting period, and noticed that Celgene Corp. (Symbol: CELG) was held by 11 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 CELG positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
MetLife Securities Inc Existing +18,673 +$2,682
SPC Financial Inc. Existing +2,925 +$539
Marble Harbor Investment Counsel LLC Existing UNCH +$42
Tealwood Asset Management Inc. Existing -1,245 -$270
California Public Employees Retirement System Existing -13,600 +$23,446
Geneva Advisors LLC Existing -101,176 +$1,439
Motco Existing UNCH +$2
Bollard Group LLC Existing UNCH +$6
Cleary Gull Holdings Inc. Existing UNCH +$1
Northern Capital Management LLC Existing +505 +$116
Northstar Asset Management LLC Existing -20 +$112
Aggregate Change: -93,938 +$28,115

In terms of shares owned, we count 3 of the above funds having increased existing CELG positions from 09/30/2015 to 12/31/2015, with 4 having decreased their positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the CELG share count in the aggregate among all of the funds which held CELG at the 12/31/2015 reporting period (out of the 1,178 we looked at in total). We then compared that number to the sum total of CELG shares those same funds held back at the 09/30/2015 period, to see how the aggregate share count held by hedge funds has moved for CELG. We found that between these two periods, funds reduced their holdings by 1,392,622 shares in the aggregate, from 55,303,515 down to 53,910,893 for a share count decline of approximately -2.52%. The overall top three funds holding CELG on 12/31/2015 were:

Fund Shares of CELG Held
1. Winslow Capital Management LLC 6,382,528
2. American Century Companies Inc. 5,001,052
3. Vontobel Asset Management Inc. 2,262,134
4-10 Find out the full Top 10 Hedge Funds Holding CELG

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 Celgene Corp. (Symbol: CELG).

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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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