At Holdings Channel, we have reviewed the latest batch of the 31 most recent 13F filings for the 12/31/2021 reporting period, and noticed that Vanguard Index Funds Mid-Cap Value Index VIPER Shs (Symbol: VNQ) 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 VNQ positions, for this latest batch of 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
|---|---|---|---|
| Carmichael Hill & Associates Inc. | Existing | +3 | +$69 |
| NewEdge Wealth LLC | NEW | +6,132 | +$711 |
| Veracity Capital LLC | Existing | +453 | +$90 |
| Gradient Capital Advisors LLC | Existing | -156 | +$248 |
| Diversified Portfolios Inc. | Existing | +340 | +$572 |
| Chevy Chase Trust Holdings Inc. | Existing | -971 | +$103 |
| Dupont Capital Management Corp | Existing | +6,378 | +$755 |
| Rain Capital Management LLC | Existing | +2 | +$5 |
| Accredited Investors Inc. | NEW | +1,961 | +$228 |
| Bridges Investment Management Inc. | Existing | +2,477 | +$436 |
| Occidental Asset Management LLC | Existing | UNCH | +$74 |
| Atlas Capital Advisors LLC | Existing | -140 | -$7 |
| Affiance Financial LLC | Existing | -331 | +$858 |
| Centaurus Financial Inc. | Existing | +22,999 | +$2,900 |
| 3EDGE Asset Management LP | Existing | -51 | +$120 |
| Weaver Consulting Group | Existing | UNCH | +$38 |
| Jackson Creek Investment Advisors LLC | Existing | -28 | +$81 |
| Cozad Asset Management Inc. | Existing | -90 | +$77 |
| Aggregate Change: | +38,978 | +$7,358 | |
In terms of shares owned, we count 7 of the above funds having increased existing VNQ positions from 09/30/2021 to 12/31/2021, with 7 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 VNQ share count in the aggregate among all of the funds which held VNQ at the 12/31/2021 reporting period (out of the 1,709 we looked at in total). We then compared that number to the sum total of VNQ shares those same funds held back at the 09/30/2021 period, to see how the aggregate share count held by hedge funds has moved for VNQ. We found that between these two periods, funds increased their holdings by 2,304,686 shares in the aggregate, from 39,732,213 up to 42,036,899 for a share count increase of approximately 5.80%. The overall top three funds holding VNQ on 12/31/2021 were:
| » | Fund | Shares of VNQ Held |
|---|---|---|
| 1. | Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management | 8,638,304 |
| 2. | Wealthfront Advisers LLC | 5,795,850 |
| 3. | Beacon Capital Management Inc. | 2,037,655 |
| 4-10 | Find out the full Top 10 Hedge Funds Holding VNQ | » |
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 Vanguard Index Funds Mid-Cap Value Index VIPER Shs (Symbol: VNQ).
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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.
