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Which Of The Latest 13F Filers Holds Time Warner Cable?

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At Holdings Channel , we have reviewed the latest batch of the 80 most recent 13F filings for the 09/30/2015 reporting period, and noticed that Time Warner Cable Inc (Symbol: TWC) was held by 14 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 TWC positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000's)
Slate Path Capital LP NEW +235,000 +$42,152
Jet Capital Investors L P NEW +250,000 +$44,843
Silvercrest Asset Management Group LLC Existing UNCH +$4
I.G. Investment Management LTD. Existing -14,010 -$2,475
Thrivent Financial For Lutherans Existing +400 +$81
Walleye Trading LLC Existing +983,859 +$175,693
Plymouth Lane Capital Management LLC Existing +63,500 +$11,449
Taurus Asset Management LLC Existing UNCH +$3
Suvretta Capital Management LLC Existing -113,200 -$19,538
BNP Paribas Investment Partners S.A. Existing -35,744 -$6,323
Westchester Capital Management LLC Existing +185,573 +$34,290
ACT II Management LP Existing UNCH $UNCH
Foundation Asset Management LP Existing UNCH +$365
Squarepoint Ops LLC NEW +18,034 +$3,235
Aggregate Change: +1,573,412 +$283,779
In terms of shares owned, we count 4 of the above funds having increased existing TWC positions from 06/30/2015 to 09/30/2015, with 3 having decreased their positions and 3 new positions. Worth noting is that DAVIDE LEONE & PARTNERS INVESTMENT Co LLP , included in this recent batch of 13F filers, exited TWC common stock as of 09/30/2015. Looking beyond these particular funds in this one batch of most recent filers, we tallied up the TWC share count in the aggregate among all of the funds which held TWC at the 09/30/2015 reporting period (out of the 3,026 we looked at in total). We then compared that number to the sum total of TWC 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 TWC. We found that between these two periods, funds increased their holdings by 1,444,124 shares in the aggregate, from 161,866,552 up to 163,310,676 for a share count increase of approximately 0.89%. The overall top three funds holding TWC on 09/30/2015 were:

Fund Shares of TWC Held
1. Dodge & Cox 19,444,541
2. TCI Fund Management Ltd. 16,599,787
3. Vanguard Group Inc. 16,409,477
4-10 Find out the full Top 10 Hedge Funds Holding TWC
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 Time Warner Cable Inc (Symbol: TWC).

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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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