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See Which Of The Latest 13F Filers Holds Apple

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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 AAPL positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
Cohen Capital Management Inc. Existing UNCH+$272
BigSur Wealth Management LLC Existing -2,150+$712
Verus Financial Partners Inc. Existing +7+$656
McAdam LLC Existing +130+$967
Asio Capital LLC Existing -53+$1,190
Prudential PLC Existing -112,795+$119,594
Texas Yale Capital Corp. Existing +2,263+$6,607
HMS Capital Management LLC Existing +2,392+$1,451
National Asset Management Inc. Existing -2,317+$12,173
Comerica Bank Existing +16,802+$110,595
Merriman Wealth Management LLC Existing -3,320+$1,727
Bernardo Wealth Planning LLC Existing -59+$4,705
Foundry Partners LLC Existing -1,153-$15
Torray LLC Existing +9+$2,759
Thomas Story & Son LLC Existing -5+$2,606
Live Oak Private Wealth LLC Existing +9,424+$4,759
Markel Corp Existing UNCH+$33,224
Analyst IMS Investment Management Services Ltd. Existing -3,071+$1,528
Aggregate Change: -93,896+$305,510

In terms of shares owned, we count 7 of the above funds having increased existing AAPL positions from 03/31/2020 to 06/30/2020, with 9 having decreased their positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the AAPL share count in the aggregate among all of the funds which held AAPL at the 06/30/2020 reporting period (out of the 1,566 we looked at in total). We then compared that number to the sum total of AAPL shares those same funds held back at the 03/31/2020 period, to see how the aggregate share count held by hedge funds has moved for AAPL. We found that between these two periods, funds reduced their holdings by 5,235,505 shares in the aggregate, from 151,651,021 down to 146,415,516 for a share count decline of approximately -3.45%. The overall top three funds holding AAPL on 06/30/2020 were:

»FundShares of AAPL Held
1.Sumitomo Mitsui Trust Holdings Inc. 19,404,457
2.UBS Group AG 12,545,803
3.New York State Teachers Retirement System 5,984,918
4-10Find out the full Top 10 Hedge Funds Holding AAPL»

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 Apple Inc (Symbol: AAPL).

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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.

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