At Holdings Channel, we have reviewed the latest batch of the 28 most recent 13F filings for the 12/31/2024 reporting period, and noticed that Vanguard Index Funds Mid-Cap Value Index VIPER Shs (Symbol: VB) 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 VB positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Richardson Financial Services Inc. | Existing | -1,701 | -$307 |
| SYM FINANCIAL Corp | Existing | +10 | +$3 |
| DAVENPORT & Co LLC | Existing | +1,231 | +$350 |
| Spire Wealth Management | Existing | +1,613 | +$509 |
| Eagle Bluffs Wealth Management LLC | Existing | +22 | +$14 |
| Bluesphere Advisors LLC | Existing | -288 | -$65 |
| Journey Strategic Wealth LLC | Existing | -18 | +$1 |
| Osborne Partners Capital Management LLC | Existing | +123 | +$34 |
| MA Private Wealth | Existing | -83 | +$6 |
| Nadler Financial Group Inc. | Existing | +780 | +$244 |
| Financial Futures Ltd Liability Co. | Existing | -1,140 | -$209 |
| Copeland Capital Management LLC | NEW | +1,167 | +$280 |
| Asset Planning Corporation | Existing | -958 | -$159 |
| Pacific Sage Partners LLC | Existing | UNCH | +$5 |
| Round Rock Advisors LLC | Existing | +775 | +$199 |
| River Street Advisors LLC | Existing | UNCH | +$5 |
| Great Point Wealth Advisors LLC | Existing | +39 | +$53 |
| Aggregate Change: | +1,572 | +$963 | |
In terms of shares owned, we count 8 of the above funds having increased existing VB positions from 09/30/2024 to 12/31/2024, with 6 having decreased their positions and 1 new position. Worth noting is that Golden State Equity Partners, and Lunt Capital Management Inc., included in this recent batch of 13F filers, exited VB common stock as of 12/31/2024.
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 12/31/2024 reporting period (out of the 1,610 we looked at in total). We then compared that number to the sum total of VB shares those same funds held back at the 09/30/2024 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 539,317 shares in the aggregate, from 11,087,009 up to 11,626,326 for a share count increase of approximately 4.86%. The overall top three funds holding VB on 12/31/2024 were:
| » | Fund | Shares of VB Held |
|---|---|---|
| 1. | Grimes & Company Inc. | 702,124 |
| 2. | Heartwood Wealth Advisors LLC | 357,040 |
| 3. | Fifth Third Bancorp | 345,185 |
| 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).
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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.
