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Which Of The Latest 13F Filers Holds Emerson Electric?

At Holdings Channel , we have reviewed the latest batch of the 26 most recent 13F filings for the 03/31/2016 reporting period, and noticed that Emerson Electric Co. (Symbol: EMR) was held by 13 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 EMR positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Nippon Life Insurance Co. Existing -404 +$218
Clarkston Capital Partners LLC Existing +26,174 +$3,575
Hamel Associates Inc. Existing -8,275 -$181
DT Investment Partners LLC Existing -387 +$61
Braun Stacey Associates Inc. NEW +6,000 +$326
Prentiss Smith & Co. Inc. Existing +216 +$125
Heritage Wealth Advisors Existing UNCH +$59
Greystone Investment Management LLC NEW +3,800 +$207
Evercore Wealth Management LLC Existing -3,193 +$276
Deprince Race & Zollo Inc. Existing -272,304 -$5,916
Cadence Capital Management LLC Existing -164,033 -$7,059
Hamlin Capital Management LLC Existing -12,160 +$6,144
Flossbach Von Storch AG Existing -894,168 -$24,360
Aggregate Change: -1,318,734 -$26,525

In terms of shares owned, we count 2 of the above funds having increased existing EMR positions from 12/31/2015 to 03/31/2016, with 8 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 EMR share count in the aggregate among all of the funds which held EMR at the 03/31/2016 reporting period (out of the 955 we looked at in total). We then compared that number to the sum total of EMR 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 EMR. We found that between these two periods, funds increased their holdings by 46,673 shares in the aggregate, from 42,387,017 up to 42,433,690 for a share count increase of approximately 0.11%. The overall top three funds holding EMR on 03/31/2016 were:

Fund Shares of EMR Held
1. Longview Partners Guernsey LTD 13,041,179
2. Focused Investors LLC 1,405,100
3. New York State Teachers Retirement System 1,171,960
4-10 Find out the full Top 10 Hedge Funds Holding EMR

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 Emerson Electric Co. (Symbol: EMR).

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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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