At Holdings Channel, we have reviewed the latest batch of the 31 most recent 13F filings for the 03/31/2025 reporting period, and noticed that Schlumberger Ltd (Symbol: SLB) 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 SLB positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Black Cypress Capital Management LLC | Existing | +20,583 | +$1,474 |
| Horizon Investments LLC | Existing | +330 | +$97 |
| English Capital Management LLC | Existing | UNCH | +$346 |
| Providence Capital Advisors LLC | Existing | +4,146 | +$795 |
| Azimuth Capital Investment Management LLC | Existing | -23,906 | +$100 |
| KLCM Advisors Inc. | Existing | UNCH | +$35 |
| Trivium Point Advisory LLC | Existing | -6,189 | -$192 |
| Sei Investments Co. | Existing | +33,837 | +$1,921 |
| EPG Wealth Management LLC | Existing | +2,716 | +$185 |
| Franklin Resources Inc. | Existing | +116,930 | +$58,161 |
| Cibc World Markets Corp | Existing | -252,207 | -$8,790 |
| Aggregate Change: | -103,760 | +$54,132 | |
In terms of shares owned, we count 6 of the above funds having increased existing SLB positions from 12/31/2024 to 03/31/2025, with 3 having decreased their positions. Worth noting is that Legal Advantage Investments Inc., and FCA Corp TX, included in this recent batch of 13F filers, exited SLB common stock as of 03/31/2025.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the SLB share count in the aggregate among all of the funds which held SLB at the 03/31/2025 reporting period (out of the 4,887 we looked at in total). We then compared that number to the sum total of SLB shares those same funds held back at the 12/31/2024 period, to see how the aggregate share count held by hedge funds has moved for SLB. We found that between these two periods, funds increased their holdings by 27,338,605 shares in the aggregate, from 572,744,488 up to 600,083,093 for a share count increase of approximately 4.77%. The overall top three funds holding SLB on 03/31/2025 were:
| » | Fund | Shares of SLB Held |
|---|---|---|
| 1. | Vanguard Group Inc. | 131,645,545 |
| 2. | BlackRock Inc. | 112,908,908 |
| 3. | Capital World Investors | 56,966,722 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding SLB | » |
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 Schlumberger Ltd (Symbol: SLB).
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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.
