At Holdings Channel, we have reviewed the latest batch of the 35 most recent 13F filings for the 12/31/2024 reporting period, and noticed that Ishares Core Msci Emerging Markets Etf (Symbol: IEMG) was held by 18 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 IEMG positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Strategic Financial Concepts LLC | NEW | +102,982 | +$5,378 |
| Allworth Financial LP | Existing | +33,452 | +$1,085 |
| Principal Securities Inc. | Existing | +126,339 | +$3,572 |
| Valmark Advisers Inc. | Existing | -4,295 | -$365 |
| Csenge Advisory Group | Existing | +407 | -$403 |
| Pure Portfolios Holdings LLC | Existing | UNCH | -$25 |
| Hoge Financial Services LLC | Existing | +147 | -$42 |
| Sierra Ocean LLC | NEW | +1,774 | +$93 |
| WBH Advisory Inc. | Existing | +1,847 | -$510 |
| Topel & Distasi Wealth Management LLC | Existing | -79 | -$179 |
| Rogco LP | Existing | +2,594 | -$448 |
| Hassell Wealth Management LLC | Existing | +362 | -$11 |
| 4Thought Financial Group Inc. | Existing | -3,512 | -$388 |
| Pathway Financial Advisors LLC | Existing | +137,978 | +$7,150 |
| JFS Wealth Advisors LLC | Existing | +2,585 | -$1,340 |
| Keystone Financial Services | Existing | +782 | -$284 |
| Pinnacle Wealth Management Advisory Group LLC | Existing | +1,130 | -$58 |
| J.W. Cole Advisors Inc. | Existing | -1,396 | -$350 |
| Aggregate Change: | +403,097 | +$12,875 | |
In terms of shares owned, we count 11 of the above funds having increased existing IEMG positions from 09/30/2024 to 12/31/2024, with 4 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 IEMG share count in the aggregate among all of the funds which held IEMG at the 12/31/2024 reporting period (out of the 2,622 we looked at in total). We then compared that number to the sum total of IEMG shares those same funds held back at the 09/30/2024 period, to see how the aggregate share count held by hedge funds has moved for IEMG. We found that between these two periods, funds increased their holdings by 3,380,306 shares in the aggregate, from 121,318,919 up to 124,699,225 for a share count increase of approximately 2.79%. The overall top three funds holding IEMG on 12/31/2024 were:
| » | Fund | Shares of IEMG Held |
|---|---|---|
| 1. | Retirement Systems of Alabama | 7,584,431 |
| 2. | Asset Management One Co. Ltd. | 6,587,448 |
| 3. | Life Planning Partners Inc | 4,221,251 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding IEMG | » |
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 Ishares Core Msci Emerging Markets Etf (Symbol: IEMG).
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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.
