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See Which Of The Latest 13F Filers Holds Pfizer

At Holdings Channel , we have reviewed the latest batch of the 22 most recent 13F filings for the 03/31/2017 reporting period, and noticed that Pfizer Inc (Symbol: PFE) was held by 17 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 PFE positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
CenturyLink Investment Management Co Existing UNCH +$202
Union Bankshares Corp Existing +9,974 +$529
Quadrant Capital Group LLC Existing +1,027 +$113
National Pension Service Existing +15,165 +$7,861
Lincoln Capital LLC Existing +2,140 +$89
Country Club Trust Company n.a. Existing -475 +$518
Newman Dignan & Sheerar Inc. Existing +2,991 +$171
Mutual of Omaha Bank Wealth Management Existing +7,135 +$459
Randolph Co Inc Existing +800 +$939
Carroll Financial Associates Inc. Existing +50,045 +$1,968
DAVENPORT & Co LLC Existing -2,243 -$72
Fenimore Asset Management Inc. Existing +419 +$30
Stillwater Investment Management LLC Existing +1,375 +$168
First American Bank Existing +12,629 +$747
Private Capital Advisors Inc. Existing +4,500 +$472
LVM Capital Management Ltd. MI Existing +9,475 +$783
Cutler Group LP Existing -182,155 -$3,716
Aggregate Change: -67,198 +$11,261

In terms of shares owned, we count 13 of the above funds having increased existing PFE positions from 12/31/2016 to 03/31/2017, with 3 having decreased their positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the PFE share count in the aggregate among all of the funds which held PFE at the 03/31/2017 reporting period (out of the 150 we looked at in total). We then compared that number to the sum total of PFE shares those same funds held back at the 12/31/2016 period, to see how the aggregate share count held by hedge funds has moved for PFE. We found that between these two periods, funds reduced their holdings by 895,091 shares in the aggregate, from 24,431,506 down to 23,536,415 for a share count decline of approximately -3.66%. The overall top three funds holding PFE on 03/31/2017 were:

Fund Shares of PFE Held
1. Chevy Chase Trust Holdings Inc. 5,428,710
2. Confluence Investment Management LLC 2,076,157
3. Gulf International Bank UK Ltd 1,887,890
4-10 Find out the full Top 10 Hedge Funds Holding PFE

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 Pfizer Inc (Symbol: PFE).

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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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