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See Which Of The Latest 13F Filers Holds Intel

At Holdings Channel , we have reviewed the latest batch of the 21 most recent 13F filings for the 03/31/2016 reporting period, and noticed that Intel Corp (Symbol: INTC) was held by 13 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 INTC positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Schwab Charles Investment Management Inc. Existing +1,410,841 +$6,211
Chemical Bank Existing -10,578 -$936
Hudock Capital Group LLC Existing -557 -$50
Dubuque Bank & Trust Co. Existing +22,955 +$404
DIAM Co. Ltd. Existing +4,331 -$1,536
IFC Holdings Incorporated FL Existing -6,113 -$279
Gabelli Funds LLC Existing -75,000 -$3,299
Bank of The Ozarks Existing -1,645 -$180
Ray Gerald L & Associates Ltd. Existing -2,592 -$544
Old Mutual Global Investors UK Ltd. Existing +297,644 +$7,016
Gamco Investors INC. ET AL Existing -21,360 -$888
P.A.W. Capital Corp NEW +15,000 +$363
United Asset Strategies Inc. Existing +1,305 +$21
Aggregate Change: +1,634,231 +$6,303

In terms of shares owned, we count 5 of the above funds having increased existing INTC positions from 12/31/2015 to 03/31/2016, with 7 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 INTC share count in the aggregate among all of the funds which held INTC at the 03/31/2016 reporting period (out of the 1,256 we looked at in total). We then compared that number to the sum total of INTC 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 INTC. We found that between these two periods, funds increased their holdings by 17,098,115 shares in the aggregate, from 259,821,131 up to 276,919,246 for a share count increase of approximately 6.58%. The overall top three funds holding INTC on 03/31/2016 were:

Fund Shares of INTC Held
1. Fisher Asset Management LLC 19,626,487
2. California Public Employees Retirement System 13,267,078
3. Swiss National Bank 12,259,902
4-10 Find out the full Top 10 Hedge Funds Holding INTC

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 Intel Corp (Symbol: INTC).

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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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