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Which Of The Latest 13F Filers Holds Bristol-Myers Squibb?

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At Holdings Channel , we have reviewed the latest batch of the 29 most recent 13F filings for the 09/30/2015 reporting period, and noticed that Bristol-Myers Squibb Co. (Symbol: BMY) 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 BMY positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Stanley Laman Group Ltd. Existing UNCH -$100
Burney Co. Existing +524 -$26
Oxbow Advisors LLC Existing -8,127 -$1,025
Stratford Consulting LLC Existing +31 -$50
CG Asset Management LLC Existing +20,729 +$1,037
Bbva Compass Bancshares Inc. Existing +31 -$332
Buckhead Capital Management LLC Existing -230 -$44
Boys Arnold & Co. Inc. Existing UNCH -$81
Oxbow Advisors LLC Existing -8,127 -$1,025
Financial Management Professionals Inc. Existing UNCH $UNCH
Thompson Siegel & Walmsley LLC Existing UNCH -$116
Tiemann Investment Advisors LLC Existing -545 -$120
Karp Capital Management Corp Existing +4,839 +$285
Veritable L.P. Existing +1,795 -$1,400
Lee Danner & Bass Inc. Existing +9 -$319
Covington Investment Advisors Inc. Existing -450 -$315
Mathes Company Inc. Existing -500 -$75
Aggregate Change: +9,979 -$3,706

In terms of shares owned, we count 7 of the above funds having increased existing BMY positions from 06/30/2015 to 09/30/2015, with 6 having decreased their positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the BMY share count in the aggregate among all of the funds which held BMY at the 09/30/2015 reporting period (out of the 1,098 we looked at in total). We then compared that number to the sum total of BMY shares those same funds held back at the 06/30/2015 period, to see how the aggregate share count held by hedge funds has moved for BMY. We found that between these two periods, funds increased their holdings by 460,163 shares in the aggregate, from 72,460,450 up to 72,920,613 for a share count increase of approximately 0.64%. The overall top three funds holding BMY on 09/30/2015 were:

Fund Shares of BMY Held
1. American Century Companies Inc. 7,219,335
2. UBS Global Asset Management Americas Inc. 4,943,272
3. Columbus Circle Investors 3,946,137
4-10 Find out the full Top 10 Hedge Funds Holding BMY

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 Bristol-Myers Squibb Co. (Symbol: BMY).

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


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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