See Which Of The Latest 13F Filers Holds Intel

At Holdings Channel, we have reviewed the latest batch of the 38 most recent 13F filings for the 03/31/2024 reporting period, and noticed that Intel Corp (Symbol: INTC) 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 INTC positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
White Pine Capital LLC Existing +764-$174
Holowesko Partners Ltd. Existing UNCH-$152
Fortis Advisors LLC Existing UNCH-$5
Fuller & Thaler Asset Management Inc. Existing UNCH-$81
Monetary Management Group Inc. Existing -750-$222
AGF Management Ltd. Existing +4,537+$109
Joseph Group Capital Management Existing +7,068+$136
Laurel Wealth Advisors LLC Existing UNCH-$37
WESCAP Management Group Inc. Existing UNCH-$40
Operose Advisors LLC Existing +5,768+$244
Banco Bilbao Vizcaya Argentaria S.A. Existing +179,979+$3,055
DT Investment Partners LLC Existing UNCH-$193
Pathstone Holdings LLC Existing +49,848-$1,030
Holderness Investments Co. Existing -405-$499
Raleigh Capital Management Inc. Existing +363+$5
Cahill Financial Advisors Inc. Existing -893-$91
Waterfront Wealth Inc. Existing +39,641+$1,530
Aggregate Change: +285,920+$2,555

In terms of shares owned, we count 8 of the above funds having increased existing INTC positions from 12/31/2023 to 03/31/2024, with 3 having decreased their positions. Worth noting is that JARISLOWSKY FRASER Ltd, included in this recent batch of 13F filers, exited INTC common stock as of 03/31/2024.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the INTC share count in the aggregate among all of the funds which held INTC at the 03/31/2024 reporting period (out of the 4,272 we looked at in total). We then compared that number to the sum total of INTC 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 INTC. We found that between these two periods, funds increased their holdings by 37,299,705 shares in the aggregate, from 1,226,592,103 up to 1,263,891,808 for a share count increase of approximately 3.04%. The overall top three funds holding INTC on 03/31/2024 were:

»FundShares of INTC Held
1.Vanguard Group Inc. 389,098,435
2.BlackRock Inc. 343,933,511
3.Bank of New York Mellon Corp 35,954,464
4-10Find out the full Top 10 Hedge Funds Holding INTC»

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 Intel Corp (Symbol: INTC).

10 S&P 500 Components Hedge Funds Are Buying »

Also see:

• DOMA shares outstanding history
• Top Ten Hedge Funds Holding USHG
• VHI market cap history

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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