At Holdings Channel, we have thoroughly examined the most recent batch of 13F filings for the reporting period ending 12/31/2023, and discovered that an impressive 8 of the 20 surveyed funds have positions in Advanced Micro Devices Inc (Symbol: AMD). When hedge fund managers display convergent thinking, it is a compelling prompt to delve deeper.
Before proceeding, it’s vital to clarify that 13F filings offer only a partial view, given that these funds are mandated to disclose their long positions with the SEC, while their short positions remain undisclosed. For instance, a fund making a bearish bet against a stock could be long some amount of stock in tandem with their overall bearish position. This long component visible in a 13F filing might create the impression that the fund is bullish, but it provides only a fragment of the entire narrative since the bearish/short side of the position is concealed.
Notwithstanding this caveat, we assert that analyzing groups of 13F filings can be illuminating, particularly when comparing holdings from one reporting period to another. We will now scrutinize the alteration in AMD positions among these recent 13F filers.
Regarding shares owned, we note that 3 of the surveyed funds augmented their existing AMD positions from 09/30/2023 to 12/31/2023, while 3 reduced their positions and 2 established new positions.
Expanding our scope beyond these specific funds in this latest batch of filers, we tallied the aggregate AMD share count among all the funds holding AMD by the 12/31/2023 reporting period (out of the 2,645 funds reviewed in total). We compared this number with the total AMD shares held by those same funds as of the 09/30/2023 period, to observe the movement in the aggregate share count held by hedge funds for AMD. We discovered that between these periods, funds collectively increased their holdings by 1,426,662 shares, from 108,390,141 up to 109,816,803, marking a share count increase of approximately 1.32%. The top three funds holding AMD on 12/31/2023 were:
We will continue to monitor the latest 13F filings by hedge fund managers and present intriguing stories derived from an analysis of aggregate information across groups of managers between filing periods. While individual 13F filings may occasionally be misleading due to the long-only nature of the information, the collective sum across groups of funds from one reporting period to another can be significantly more insightful and pertinent, presenting interesting stock ideas that warrant further research, such as Advanced Micro Devices Inc (Symbol: AMD).
10 S&P 500 Components Hedge Funds Are Buying »
Also see:
CZNC Average Annual Return
Funds Holding ALTU
Top Ten Hedge Funds Holding AGIH
