At Holdings Channel, we have reviewed the latest batch of the 43 most recent 13F filings for the 06/30/2024 reporting period, and noticed that Vanguard Index Funds Mid-Cap Value Index VIPER Shs (Symbol: VB) was held by 19 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 VB positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Pineridge Advisors LLC | Existing | UNCH | -$1 |
| Highland Capital Management LLC | Existing | -101 | -$165 |
| Capital Advisors Ltd. LLC | Existing | UNCH | -$24 |
| Mokosak Advisory Group LLC | Existing | -16 | -$192 |
| AMG National Trust Bank | Existing | +13,102 | +$1,522 |
| Sigma Investment Counselors Inc. | Existing | -161 | -$63 |
| Brown Financial Advisory | Existing | +5,953 | +$535 |
| Courage Miller Partners LLC | Existing | UNCH | -$12 |
| Tempus Wealth Planning LLC | Existing | +314 | +$58 |
| Calamos Wealth Management LLC | Existing | UNCH | -$183 |
| Keb Asset Management LLC | Existing | UNCH | -$31 |
| Independence Bank of Kentucky | Existing | +417 | +$36 |
| Optas LLC | Existing | -16 | -$186 |
| Wade Financial Advisory Inc | Existing | -411 | -$231 |
| Clear Creek Financial Management LLC | Existing | -42 | -$92 |
| Aries Wealth Management | Existing | +1,711 | -$109 |
| SNS Financial Group LLC | Existing | UNCH | -$9 |
| David Kennon Inc | Existing | +352 | -$438 |
| Wooster Corthell Wealth Management Inc. | Existing | -54 | -$788 |
| Aggregate Change: | +21,048 | -$373 | |
In terms of shares owned, we count 6 of the above funds having increased existing VB positions from 03/31/2024 to 06/30/2024, with 7 having decreased their positions. Worth noting is that Lincoln National Corp, and Soundmark Wealth Management LLC, included in this recent batch of 13F filers, exited VB common stock as of 06/30/2024.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the VB share count in the aggregate among all of the funds which held VB 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 VB 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 VB. We found that between these two periods, funds increased their holdings by 364,533 shares in the aggregate, from 13,992,989 up to 14,357,522 for a share count increase of approximately 2.61%. The overall top three funds holding VB on 06/30/2024 were:
| » | Fund | Shares of VB Held |
|---|---|---|
| 1. | Raymond James Financial Services Advisors Inc. | 1,261,199 |
| 2. | Raymond James & Associates | 769,500 |
| 3. | Fifth Third Bancorp | 376,822 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding VB | » |
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 Vanguard Index Funds Mid-Cap Value Index VIPER Shs (Symbol: VB).
10 S&P 500 Components Hedge Funds Are Buying »
Also see:
QTRX Average Annual Return
Top Ten Hedge Funds Holding NPF
Funds Holding IMN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
