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See Which Of The Latest 13F Filers Holds Williams

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At Holdings Channel , we have reviewed the latest batch of the 22 most recent 13F filings for the 12/31/2018 reporting period, and noticed that Williams Cos Inc (Symbol: WMB) was held by 6 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 WMB positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
CapWealth Advisors LLC Existing +21,738 -$2,301
HM Payson & Co. Existing -48,418 -$1,320
Legal & General Group Plc Existing +383,884 -$24,255
Harvest Fund Advisors LLC Existing -6,159,743 -$349,867
Callodine Capital Management LP NEW +125,000 +$2,756
Aspen Investment Management Inc Existing -6,774 -$232
Aggregate Change: -5,684,313 -$375,219

In terms of shares owned, we count 2 of the above funds having increased existing WMB positions from 09/30/2018 to 12/31/2018, with 3 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 WMB share count in the aggregate among all of the funds which held WMB at the 12/31/2018 reporting period (out of the 4,679 we looked at in total). We then compared that number to the sum total of WMB shares those same funds held back at the 09/30/2018 period, to see how the aggregate share count held by hedge funds has moved for WMB. We found that between these two periods, funds increased their holdings by 18,320,919 shares in the aggregate, from 964,128,749 up to 982,449,668 for a share count increase of approximately 1.90%. The overall top three funds holding WMB on 12/31/2018 were:

Fund Shares of WMB Held
1. BlackRock Inc. 136,463,218
2. Vanguard Group Inc 96,306,536
3. State Street Corp 58,288,157
4-10 Find out the full Top 10 Hedge Funds Holding WMB

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 Williams Cos Inc (Symbol: WMB).

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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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