News Analyst
At Holdings Channel, we reviewed the latest batch of the 20 most recent 13F filings for the reporting period 09/30/2024 and noticed that Amazon.com Inc (ticker: AMZN) was held by 14 of these funds. When hedge fund managers seem to share the same opinion, we think it’s wise to take a closer look.
Before continuing, it is important to point out that 13F filings do not tell the whole story, as these funds are only required to disclose their long positions within the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by selling short calls, for example, may also be long a certain amount of stock as it trades around its overall bearish position. This long component could show up in a 13F filing and everyone could assume the fund is bullish, but that only tells part of the story. because the bearish/short side of the position is not visible.
Having made this caveat, we believe that looking groups 13F filings can be revealing, especially when comparing one holding period to another. Below, let’s take a look at how AMZN positions have evolved, for this latest batch of 13F filers:
| Funds | New position? | Changing the number of shares | Change in market value ($ in thousands) |
|---|---|---|---|
| Barclays PLC | Existing | –7,060,989 | –$1,596,721 |
| Howard Capital Management Group LLC | Existing | +897 | –$2,294 |
| Passumpsic Savings Bank | Existing | –502 | –$248 |
| Advisory Resource Group | Existing | –25 | –$79 |
| Bard Financial Services Inc. | Existing | –3,180 | –$997 |
| Virtu Financial LLC | Existing | –13,458 | –$3,035 |
| Westside Investment Management Inc. | Existing | +629 | –$271 |
| SOA Wealth Advisors LLC. | Existing | –145 | –$490 |
| Morse Asset Management Inc | Existing | –1,714 | –$913 |
| Tri Ri Asset Management Corp. | NEW | +52,706 | +$10 |
| SkyView Investment Advisors LLC | Existing | +214 | –$71 |
| Wealthquest Corp. | Existing | +588 | –$4 |
| Tudor Financial Inc. | NEW | +3,863 | +$720 |
| Chelsea Counsel Co. | Existing | –340 | –$146 |
| Global change: | –7,021,456 | –$1,604,539 | |
In terms of shares held, we count 4 of the above funds having increased their existing AMZN positions from 06/30/2024 to 09/30/2024, 8 having decreased their positions and 2 new positions.
Beyond these particular funds in this batch of most recent filers, we counted the number of AMZN shares overall among all funds that held AMZN as of 09/30/2024 (of the 7,313 we reviewed in total). We then compared this number to the total sum of AMZN shares held by these same funds as of 06/30/2024, to see how the total number of shares held by hedge funds has changed for AMZN. We found that between these two periods, the funds increased their holdings by a total of 544,086,379 shares, from 5,852,116,883 to 6,396,203,262, an increase in the number of shares of approximately 9.30 %. The top three funds holding AMZN as of 09/30/2024 were:
We will continue to track hedge fund managers’ latest 13F filings and bring you interesting stories derived from a review of aggregate manager group information between filing periods. Although review of individual 13F records can sometimes be misleading due to the lengthy nature of the information, the sum total of 13F data can be misleading. groups Funds from one reporting period to the next can be much more revealing and relevant, providing interesting stock ideas worth further research, such as Amazon.com Inc (Ticker: AMZN).
10 components of the S&P 500 that hedge funds are buying »
See also:
• ConocoPhillips shares an exceptional story
• CPX Videos
• WKC Dividend History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/see-which-latest-13f-filers-holds-amazoncom-3
