Thursday, August 11, 2022

See Which Of The Latest 13F Filers Holds Apple

At Holdings Channel, we have reviewed the latest batch of the 24 most recent 13F filings for the 12/31/2021 reporting period, and noticed that Apple Inc (Symbol: AAPL) was held by 21 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 AAPL positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value ($ in 1000’s)
Five Oceans Advisors Existing +2,421 +$1,406
HighTower Trust Services LTA Existing +3,202 +$9,394
RVW Wealth LLC Existing 1,096 +$3,091
Triangle Securities Wealth Management Existing 3,586 +$917
John W. Brooker & Co. CPAs Existing +956 +$1,001
O Keefe Stevens Advisory Inc. Existing UNCH +$55
Fruth Investment Management Existing 520 +$1,248
Centerpoint Advisors LLC Existing 2,998 +$1,442
MADDEN SECURITIES Corp Existing +1,841 +$1,871
Intermede Investment Partners Ltd Existing +37,546 +$51,670
Baxter Bros Inc. Existing +510 +$2,540
Santori & Peters Inc. Existing +1 +$280
Sara Bay Financial Existing +1,473 +$1,403
Butensky & Cohen Financial Security Inc. Existing 320 +$935
First Fiduciary Investment Counsel Inc. Existing 1,025 +$22
Beam Wealth Advisors Inc. Existing 21,398 $2,682
Stewardship Advisors LLC Existing +2,950 +$641
Dock Street Asset Management Inc. Existing +875 +$15,269
Clear Street LLC NEW +460,000 +$81,682
Relyea Zuckerberg Hanson LLC Existing 2,820 $790
Viking Fund Management LLC Existing UNCH +$721
Aggregate Change: +478,012 +$172,116

In terms of shares owned, we count 10 of the above funds having increased existing AAPL positions from 09/30/2021 to 12/31/2021, with 8 having decreased their positions and 1 new position. Worth noting is that Next Capital Management LLC, included in this recent batch of 13F filers, exited AAPL common stock as of 12/31/2021.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the AAPL share count in the aggregate among all of the funds which held AAPL at the 12/31/2021 reporting period (out of the 235 we looked at in total). We then compared that number to the sum total of AAPL 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 AAPL. We found that between these two periods, funds reduced their holdings by 48,568 shares in the aggregate, from 34,260,650 down to 34,212,082 for a share count decline of approximately -0.14%. The overall top three funds holding AAPL on 12/31/2021 were:

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 Apple Inc (Symbol: AAPL).

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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.


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