At Holdings Channel, we have reviewed the latest batch of the 39 most recent 13F filings for the 12/31/2024 reporting period, and noticed that Intuit Inc (Symbol: INTU) was held by 16 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 INTU positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Warren Street Wealth Advisors LLC | Existing | +25 | +$18 |
| Three Bridge Wealth Advisors LLC | Existing | +1,131 | +$722 |
| C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors | NEW | +108,876 | +$68,429 |
| Naples Global Advisors LLC | Existing | UNCH | +$3 |
| Van ECK Associates Corp | Existing | +497 | +$1,899 |
| Values First Advisors Inc. | Existing | +767 | +$483 |
| Howard Bailey Securities LLC | Existing | +1 | +$3 |
| Tranquility Partners LLC | Existing | -8 | +$4 |
| PrairieView Partners LLC | Existing | UNCH | $UNCH |
| Two Point Capital Management Inc. | Existing | -19 | -$135 |
| Hemington Wealth Management | Existing | +14 | +$14 |
| TFC Financial Management Inc. | Existing | UNCH | $UNCH |
| Stanley Laman Group Ltd. | Existing | -39 | -$13 |
| Park Capital Management LLC WI | NEW | +1,279 | +$804 |
| Consolidated Planning Corp | Existing | -151 | -$83 |
| McClarren Financial Advisors Inc. | NEW | +449 | +$282 |
| Aggregate Change: | +112,822 | +$72,430 | |
In terms of shares owned, we count 6 of the above funds having increased existing INTU positions from 09/30/2024 to 12/31/2024, with 4 having decreased their positions and 3 new positions.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the INTU share count in the aggregate among all of the funds which held INTU at the 12/31/2024 reporting period (out of the 2,200 we looked at in total). We then compared that number to the sum total of INTU 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 INTU. We found that between these two periods, funds reduced their holdings by 121,917 shares in the aggregate, from 10,608,643 down to 10,486,726 for a share count decline of approximately -1.15%. The overall top three funds holding INTU on 12/31/2024 were:
| » | Fund | Shares of INTU Held |
|---|---|---|
| 1. | Ninety One UK Ltd | 1,439,315 |
| 2. | Loring Wolcott & Coolidge Fiduciary Advisors LLP MA | 931,628 |
| 3. | Lindsell Train Ltd | 769,617 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding INTU | » |
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 Intuit Inc (Symbol: INTU).
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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.
