Which Of The Latest 13F Filers Holds Kimberly-Clark?

At Holdings Channel , we have reviewed the latest batch of the 31 most recent 13F filings for the 12/31/2015 reporting period, and noticed that Kimberly-Clark Corp. (Symbol: KMB) was held by 11 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 KMB positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Bruderman Asset Management LLC Existing -28 +$28
Warren Averett Asset Management LLC Existing UNCH +$79
Douglass Winthrop Advisors LLC Existing -4,875 -$314
Argus Investors Counsel Inc. Existing -5,355 +$210
Adirondack Trust Co. Existing +25 +$54
Beacon Investment Advisory Services Inc. Existing +711 +$145
Seizert Capital Partners LLC Existing UNCH +$48
Verity & Verity LLC Existing -170 +$312
Wellington Shields Capital Management LLC Existing +335 +$117
Wetherby Asset Management Inc. Existing -18 +$136
Acadia Trust NA Existing -1,597 +$871
Aggregate Change: -10,972 +$1,686

In terms of shares owned, we count 3 of the above funds having increased existing KMB positions from 09/30/2015 to 12/31/2015, with 6 having decreased their positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the KMB share count in the aggregate among all of the funds which held KMB at the 12/31/2015 reporting period (out of the 1,402 we looked at in total). We then compared that number to the sum total of KMB shares those same funds held back at the 09/30/2015 period, to see how the aggregate share count held by hedge funds has moved for KMB. We found that between these two periods, funds reduced their holdings by 1,099,467 shares in the aggregate, from 32,601,029 down to 31,501,562 for a share count decline of approximately -3.37%. The overall top three funds holding KMB on 12/31/2015 were:

Fund Shares of KMB Held
1. PNC Financial Services Group Inc. 1,632,411
2. Sarasin & Partners LLP 1,314,945
3. Swiss National Bank 1,262,428
4-10 Find out the full Top 10 Hedge Funds Holding KMB

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 Kimberly-Clark Corp. (Symbol: KMB).

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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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