See Which Of The Latest 13F Filers Holds EFA
At Holdings Channel, we have reviewed the latest batch of the 24 most recent 13F filings for the 06/30/2024 reporting period, and noticed that iShares Trust - iShares MSCI EAFE ETF (Symbol: EFA) 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 EFA positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Cape ANN Savings Bank | Existing | +1,284 | -$150 |
| Kanawha Capital Management LLC | Existing | +569 | +$29 |
| RFP Financial Group LLC | Existing | +101 | +$7 |
| Etesian Wealth Advisors Inc. | Existing | -1,411 | -$167 |
| Janiczek Wealth Management LLC | Existing | -43 | -$10 |
| Forte Asset Management LLC | Existing | -1,500 | -$155 |
| Colorado Capital Management Inc. | Existing | UNCH | -$9 |
| Washington Trust Advisors Inc. | Existing | UNCH | -$41 |
| ZynergyRetirementPlanningLLC | NEW | +174 | +$14 |
| Maryland Capital Advisors Inc. | Existing | -26 | -$6 |
| Armor Investment Advisors LLC | Existing | UNCH | -$4 |
| Aggregate Change: | -852 | -$492 | |
In terms of shares owned, we count 3 of the above funds having increased existing EFA positions from 03/31/2024 to 06/30/2024, with 4 having decreased their positions and 1 new position.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the EFA share count in the aggregate among all of the funds which held EFA at the 06/30/2024 reporting period (out of the 1,757 we looked at in total). We then compared that number to the sum total of EFA shares those same funds held back at the 03/31/2024 period, to see how the aggregate share count held by hedge funds has moved for EFA. We found that between these two periods, funds increased their holdings by 225,351 shares in the aggregate, from 32,942,271 up to 33,167,622 for a share count increase of approximately 0.68%. The overall top three funds holding EFA on 06/30/2024 were:
| » | Fund | Shares of EFA Held |
|---|---|---|
| 1. | Stairway Partners LLC | 2,920,187 |
| 2. | Fifth Third Bancorp | 1,641,895 |
| 3. | Raymond James Financial Services Advisors Inc. | 1,462,212 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding EFA | » |
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 iShares Trust - iShares MSCI EAFE ETF (Symbol: EFA).
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