See Which Of The Latest 13F Filers Holds Ecolab

At Holdings Channel, we have reviewed the latest batch of the 84 most recent 13F filings for the 03/31/2024 reporting period, and noticed that Ecolab Inc (Symbol: ECL) was held by 16 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 ECL positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
Cetera Advisors LLC Existing +6,137+$1,654
Cetera Investment Advisers Existing -5,529-$764
Cetera Advisor Networks LLC Existing -5,720-$44
Plato Investment Management Ltd Existing +18,286+$4,245
Firetrail Investments PTY Ltd. Existing -4,771-$34
Curi RMB Capital LLC Existing +764+$252
Oribel Capital Management LP Existing +183,100+$42,278
L2 Asset Management LLC NEW +878+$203
Wedbush Securities Inc. Existing -444+$63
Wellington Management Group LLP Existing -282,231+$161,278
Novak & Powell Financial Services Inc. Existing +1+$106
Quintet Private Bank Europe S.A. Existing +342+$105
Dividend Assets Capital LLC Existing -507+$261
Fullerton Fund Management Co Ltd. NEW +1,713+$396
Quilter Plc Existing -10,117+$179
Aggregate Change: -96,893+$211,418

In terms of shares owned, we count 7 of the above funds having increased existing ECL positions from 12/31/2023 to 03/31/2024, with 7 having decreased their positions and 2 new positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the ECL share count in the aggregate among all of the funds which held ECL at the 03/31/2024 reporting period (out of the 5,547 we looked at in total). We then compared that number to the sum total of ECL 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 ECL. We found that between these two periods, funds increased their holdings by 1,138,862 shares in the aggregate, from 149,203,169 up to 150,342,031 for a share count increase of approximately 0.76%. The overall top three funds holding ECL on 03/31/2024 were:

»FundShares of ECL Held
1.Vanguard Group Inc. 23,486,858
2.BlackRock Inc. 20,935,254
3.Geode Capital Management LLC 4,978,781
4-10Find out the full Top 10 Hedge Funds Holding ECL»

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 Ecolab Inc (Symbol: ECL).

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Also see:

• LAMR Videos
• CPLG Options Chain
• Institutional Holders of DH

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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