The Intriguing Trends in 13F Filings
Revealed by Holdings Channel, the latest batch of 13F filings for the reporting period ending on September 30, 2024, showcased that Netflix Inc (Symbol: NFLX) was held by 11 out of the 20 funds examined. When hedge funds converge on a particular stock, it beckons attention.
It is paramount to acknowledge that 13F filings provide just a partial glimpse into a fund’s activities as they solely divulge their long positions with the SEC, omitting any disclosure of short positions. For instance, a fund may be bearish on a stock by shorting calls while still retaining a long stock position, a nuance not captured in these filings.
Despite this limitation, scrutinizing groups of 13F filings can be highly enlightening, particularly when comparing holdings across different periods. Let’s delve into the shift in Netflix positions among these recent 13F filers:
The Landscape of Netflix Shares Among Hedge Funds
Among the funds surveyed, 2 amplified their existing NFLX positions from 06/30/2024 to 09/30/2024, while 1 reduced their stake, and 4 initiated new positions during this period.
Looking beyond this specific group of funds in the recent filings, we identified the total NFLX share count across all the funds holding NFLX as of 09/30/2024 (out of a total of 914 funds examined). Comparing this with the aggregate NFLX shares held by the same funds as of 06/30/2024, we observed a collective reduction of 225,912 shares, declining from 2,757,390 to 2,531,478 shares, marking a -8.19% decrease. The leading three funds holding NFLX by 09/30/2024 were:
The Insightful Journey Continues
Our scrutiny of the latest 13F filings by hedge fund managers persists to uncover fascinating narratives derived from an aggregate perspective across various groups of managers over filing periods. While singular 13F filings may sometimes be misleading due to the limited long-only information, the aggregated data across groups of funds from one reporting period to another often unveils compelling insights and stock prospects that warrant further exploration, much like Netflix Inc (Symbol: NFLX).
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