At Holdings Channel, we have reviewed the latest batch of the 20 most recent 13F filings for the 12/31/2024 reporting period, and noticed that International Business Machines Corp (Symbol: IBM) 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 IBM positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Clarus Wealth Advisors | Existing | -269 | -$77 |
| Acropolis Investment Management LLC | Existing | +34 | +$5 |
| Meridian Financial Partners LLC | Existing | -55 | -$15 |
| Thurston Springer Miller Herd & Titak Inc. | Existing | +534 | +$110 |
| Park Avenue Securities LLC | Existing | +2,529 | +$534 |
| Kathmere Capital Management LLC | Existing | +1,673 | +$366 |
| Assenagon Asset Management S.A. | Existing | +129,416 | +$28,022 |
| San Luis Wealth Advisors LLC | Existing | -855 | -$197 |
| SS&H Financial Advisors Inc. | Existing | -70 | -$46 |
| First Community Trust NA | Existing | UNCH | -$1 |
| Moseley Investment Management Inc. | Existing | +14 | $UNCH |
| Marquette Asset Management LLC | Existing | -87 | -$20 |
| Radnor Capital Management LLC | Existing | -2,570 | -$647 |
| Foundation Resource Management Inc. | Existing | UNCH | -$1 |
| Aggregate Change: | +130,294 | +$28,033 | |
In terms of shares owned, we count 6 of the above funds having increased existing IBM positions from 09/30/2024 to 12/31/2024, with 6 having decreased their positions.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the IBM share count in the aggregate among all of the funds which held IBM at the 12/31/2024 reporting period (out of the 289 we looked at in total). We then compared that number to the sum total of IBM 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 IBM. We found that between these two periods, funds reduced their holdings by 2,631,536 shares in the aggregate, from 5,556,236 down to 2,924,700 for a share count decline of approximately -47.36%. The overall top three funds holding IBM on 12/31/2024 were:
| » | Fund | Shares of IBM Held |
|---|---|---|
| 1. | Wealth Enhancement Advisory Services LLC | 783,798 |
| 2. | Douglas Lane & Associates LLC | 208,707 |
| 3. | Czech National Bank | 200,482 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding IBM | » |
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 International Business Machines Corp (Symbol: IBM).
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Also see:
ORRF Dividend History
Funds Holding DFJ
OCSL Average Annual Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
