See Which Of The Latest 13F Filers Holds Sysco Corp

At Holdings Channel, we have reviewed the latest batch of the 25 most recent 13F filings for the 09/30/2022 reporting period, and noticed that Sysco Corp (Symbol: SYY) was held by 9 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 SYY positions, for this latest batch of 13F filers:

FundNew Position?Change In Share CountChange In Market Value ($ in 1000's)
Great Lakes Advisors LLC Existing -27,136-$2,674
Badgley Phelps Wealth Managers LLC Existing +98,232+$5,838
Guardian Wealth Advisors LLC Existing -7,166-$619
Westside Investment Management Inc. Existing UNCH-$9
Group One Trading L.P. Existing -12,654-$1,001
CWA Asset Management Group LLC Existing -1,459-$624
Freestone Capital Holdings LLC Existing -4,241-$620
MQS Management LLC NEW +6,016+$425
Archer Investment Corp Existing UNCH-$3
Aggregate Change: +51,592+$713

In terms of shares owned, we count 1 of the above funds having increased existing SYY positions from 06/30/2022 to 09/30/2022, with 5 having decreased their positions and 1 new position. Worth noting is that Sound Financial Strategies Group LLC, included in this recent batch of 13F filers, exited SYY common stock as of 09/30/2022.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the SYY share count in the aggregate among all of the funds which held SYY at the 09/30/2022 reporting period (out of the 3,181 we looked at in total). We then compared that number to the sum total of SYY shares those same funds held back at the 06/30/2022 period, to see how the aggregate share count held by hedge funds has moved for SYY. We found that between these two periods, funds increased their holdings by 706,089 shares in the aggregate, from 59,394,050 up to 60,100,139 for a share count increase of approximately 1.19%. The overall top three funds holding SYY on 09/30/2022 were:

»FundShares of SYY Held
1.Victory Capital Management Inc. 7,369,863
2.Coho Partners Ltd. 3,496,098
3.Yacktman Asset Management LP 1,927,290
4-10Find out the full Top 10 Hedge Funds Holding SYY»

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 Sysco Corp (Symbol: SYY).

10 S&P 500 Components Hedge Funds Are Buying »

Also see:

• Cheap Undervalued Stocks
• GINN Videos
• Faith Based ETFs

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.