See Which Of The Latest 13F Filers Holds Linde

At Holdings Channel, we have reviewed the latest batch of the 69 most recent 13F filings for the 03/31/2024 reporting period, and noticed that Linde PLC (Symbol: LIN) was held by 21 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 LIN positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
Horizon Kinetics Asset Management LLC Existing UNCH+$78
Alps Advisors Inc. Existing -62+$39
Synovus Financial Corp Existing -1,954+$912
Beck Mack & Oliver LLC Existing UNCH+$368
German American Bancorp Inc. Existing -243-$75
The Manufacturers Life Insurance Company Existing -164,506-$7,638
Cascade Financial Partners LLC NEW +747+$334
Alliancebernstein L.P. Existing -78,401+$53,613
Bank of Hawaii NEW +2,074+$963
Ramirez Asset Management Inc. Existing -365+$292
Kiely Wealth Advisory Group Inc. NEW +53+$24
Gladius Capital Management LP NEW -3,022-$1,403
Eisler Capital US LLC Existing UNCH-$708
Eisler Capital UK Ltd. Existing -24,078-$12,569
Invesco Ltd. Existing +1,181,753+$672,890
GYL Financial Synergies LLC Existing +53+$200
Geller Advisors LLC Existing +114+$134
Wellington Wealth Strategies LLC. Existing +394+$258
Freestone Capital Holdings LLC Existing +422+$827
CreativeOne Wealth LLC NEW +2,873+$1,334
Delap Wealth Advisory LLC NEW +759+$352
Aggregate Change: +916,611+$710,225

In terms of shares owned, we count 5 of the above funds having increased existing LIN positions from 12/31/2023 to 03/31/2024, with 7 having decreased their positions and 6 new positions. Worth noting is that Pearl River Capital LLC, and Knott David M Jr, included in this recent batch of 13F filers, exited LIN common stock as of 03/31/2024.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the LIN share count in the aggregate among all of the funds which held LIN at the 03/31/2024 reporting period (out of the 4,786 we looked at in total). We then compared that number to the sum total of LIN 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 LIN. We found that between these two periods, funds increased their holdings by 2,756,991 shares in the aggregate, from 221,654,267 up to 224,411,258 for a share count increase of approximately 1.24%. The overall top three funds holding LIN on 03/31/2024 were:

»FundShares of LIN Held
1.Vanguard Group Inc. 44,676,156
2.BlackRock Inc. 35,927,902
3.FMR LLC 13,827,896
4-10Find out the full Top 10 Hedge Funds Holding LIN»

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 Linde PLC (Symbol: LIN).

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Also see:

• WDR Videos
• SCM YTD Return
• GME 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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