Markets
HON

See Which Of The Latest 13F Filers Holds Honeywell International

At Holdings Channel , we have reviewed the latest batch of the 26 most recent 13F filings for the 03/31/2016 reporting period, and noticed that Honeywell International Inc (Symbol: HON) 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 HON positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Parkside Financial Bank & Trust Existing +186 +$31
Veritas Investment Management UK Ltd Existing -15,090 -$1,449
Veritas Investment Management LLP Existing UNCH +$6
Motco Existing +37,654 +$4,224
Duff & Phelps Investment Management Co. Existing -2,635 -$186
Mar Vista Investment Partners LLC Existing -31,112 +$2,924
Municipal Employees Retirement System of Michigan Existing +70 +$208
Scout Investments Inc. Existing -160 +$7
Starr International Co. Inc. Existing UNCH +$170
C.V. Starr & Co. Inc. Trust Existing UNCH +$594
Middleton & Co Inc MA Existing UNCH +$85
Aggregate Change: -11,087 +$6,614

In terms of shares owned, we count 3 of the above funds having increased existing HON positions from 12/31/2015 to 03/31/2016, with 4 having decreased their positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the HON share count in the aggregate among all of the funds which held HON at the 03/31/2016 reporting period (out of the 1,076 we looked at in total). We then compared that number to the sum total of HON shares those same funds held back at the 12/31/2015 period, to see how the aggregate share count held by hedge funds has moved for HON. We found that between these two periods, funds reduced their holdings by 1,621,227 shares in the aggregate, from 40,880,946 down to 39,259,719 for a share count decline of approximately -3.97%. The overall top three funds holding HON on 03/31/2016 were:

Fund Shares of HON Held
1. Russell Frank Co. 3,167,466
2. First Manhattan Co. 2,047,364
3. AGF Investments Inc. 1,702,470
4-10 Find out the full Top 10 Hedge Funds Holding HON

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 Honeywell International Inc (Symbol: HON).

10 S&P 500 Components Hedge Funds Are Buying »

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.

In This Story

HON

Other Topics

Options

Latest Markets Videos