Which Of The Latest 13F Filers Holds Comcast?

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At Holdings Channel , we have reviewed the latest batch of the 22 most recent 13F filings for the 03/31/2016 reporting period, and noticed that Comcast Corp (Symbol: CMCSA) was held by 12 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 CMCSA positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Swiss National Bank Existing +1,943,000 +$123,249
CIBC World Markets Inc. Existing -9,656 -$211
CAM Group Holding A S Existing UNCH +$83
Pinnacle Financial Partners Inc. NEW +8,211 +$502
Private Wealth Advisors Inc. Existing -14 +$61
Meag Munich Ergo Kapitalanlagegesellschaft MBH Existing UNCH +$1,232
Chase Investment Counsel Corp Existing +700 +$506
Arrow Financial Corp Existing -727 -$36
Andra AP fonden Existing -26,100 -$639
Addenda Capital Inc. NEW +24,304 +$1,483
Paragon Capital Management Ltd Existing -1,000 +$69
Rothschild Capital Partners LLC NEW +6,940 +$424
Aggregate Change: +1,945,658 +$126,723

In terms of shares owned, we count 2 of the above funds having increased existing CMCSA positions from 12/31/2015 to 03/31/2016, with 5 having decreased their positions and 3 new positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the CMCSA share count in the aggregate among all of the funds which held CMCSA at the 03/31/2016 reporting period (out of the 1,160 we looked at in total). We then compared that number to the sum total of CMCSA shares those same funds held back at the 12/31/2015 period, to see how the aggregate share count held by hedge funds has moved for CMCSA. We found that between these two periods, funds increased their holdings by 2,955,767 shares in the aggregate, from 123,595,380 up to 126,551,147 for a share count increase of approximately 2.39%. The overall top three funds holding CMCSA on 03/31/2016 were:

Fund Shares of CMCSA Held
1. Fisher Asset Management LLC 12,390,842
2. American Century Companies Inc. 6,644,081
3. Nordea Investment Management AB 5,795,420
4-10 Find out the full Top 10 Hedge Funds Holding CMCSA

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 Comcast Corp (Symbol: CMCSA).

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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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