See Which Of The Latest 13F Filers Holds IWM

At Holdings Channel, we have reviewed the latest batch of the 23 most recent 13F filings for the 03/31/2024 reporting period, and noticed that iShares Trust - iShares Russell 2000 ETF (Symbol: IWM) was held by 11 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 IWM positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
MBL Wealth LLC Existing +1,300+$327
Accordant Advisory Group Inc NEW +292+$61
New Perspectives Inc NEW +57,955+$12,188
Aurora Private Wealth Inc. Existing -30+$7
Investors Asset Management of Georgia Inc. GA ADV Existing +18,184+$3,864
Consolidated Investment Group LLC Existing UNCH+$997
Professional Advisory Services Inc. Existing UNCH+$17
EFG Asset Management Americas Corp. Existing -32,394-$5,730
Stegner Investment Associates Inc. Existing -484-$77
Arthur M. Cohen & Associates LLC Existing +10+$58
Confluence Wealth Services Inc. Existing UNCH+$53
Aggregate Change: +44,833+$11,765

In terms of shares owned, we count 3 of the above funds having increased existing IWM positions from 12/31/2023 to 03/31/2024, with 3 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 IWM share count in the aggregate among all of the funds which held IWM at the 03/31/2024 reporting period (out of the 1,290 we looked at in total). We then compared that number to the sum total of IWM 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 IWM. We found that between these two periods, funds reduced their holdings by 874,088 shares in the aggregate, from 11,949,815 down to 11,075,727 for a share count decline of approximately -7.31%. The overall top three funds holding IWM on 03/31/2024 were:

»FundShares of IWM Held
1.Factory Mutual Insurance Co. 1,070,500
2.Lbmc Investment Advisors LLC 706,274
3.Grimes & Company Inc. 479,856
4-10Find out the full Top 10 Hedge Funds Holding IWM»

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 iShares Trust - iShares Russell 2000 ETF (Symbol: IWM).

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Also see:

• Funds Holding FERG
• ABM market cap history
• APT Videos

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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