CME

See Which Of The Latest 13F Filers Holds CME Group

At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 03/31/2024 reporting period, and noticed that CME Group (Symbol: CME) was held by 7 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 CME positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
M&G Plc NEW +728,516+$156,631
Forge First Asset Management Inc. Existing UNCH+$144
Homestead Advisers Corp Existing UNCH+$4
Banco Santander S.A. Existing UNCH+$229
Intermede Investment Partners Ltd Existing -246,777-$48,353
CCLA Investment Management Existing +11,673+$5,007
FUKOKU MUTUAL LIFE INSURANCE Co Existing -157-$25
Aggregate Change: +493,255+$113,637

In terms of shares owned, we count 1 of the above funds having increased existing CME positions from 12/31/2023 to 03/31/2024, with 2 having decreased their positions and 1 new position. Worth noting is that Lazard Freres Gestion S.A.S., included in this recent batch of 13F filers, exited CME common stock as of 03/31/2024.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the CME share count in the aggregate among all of the funds which held CME at the 03/31/2024 reporting period (out of the 3,921 we looked at in total). We then compared that number to the sum total of CME shares those same funds held back at the 12/31/2023 period, to see how the aggregate share count held by hedge funds has moved for CME. We found that between these two periods, funds increased their holdings by 190,343 shares in the aggregate, from 60,901,998 up to 61,092,341 for a share count increase of approximately 0.31%. The overall top three funds holding CME on 03/31/2024 were:

»FundShares of CME Held
1.Bank of New York Mellon Corp 6,793,988
2.Parnassus Investments LLC 5,445,695
3.Fiera Capital Corp 3,578,470
4-10Find out the full Top 10 Hedge Funds Holding CME»

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 CME Group (Symbol: CME).

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Also see:

• Preferred Stock Investing
• DGX YTD Return
• PDSB Options Chain

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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