At Holdings Channel, we now have reviewed the most recent batch of the 39 most up-to-date 13F filings for the 12/31/2022 reporting interval, and seen that McDonald’s Corp (Image: MCD) was held by 22 of those funds. When hedge fund managers seem like pondering alike, we discover it’s a good suggestion to take a better look.
Earlier than we proceed, it is very important level out that 13F filings don’t inform the entire story, as a result of these funds are solely required to reveal their lengthy positions with the SEC, however should not required to reveal their quick positions. A fund making a bearish guess towards a inventory by shorting calls, for instance, may also be lengthy some quantity of inventory as they commerce round their total bearish place. This lengthy part may present up in a 13F submitting and everybody would possibly assume the fund is bullish, however this tells solely a part of the story as a result of the bearish/quick facet of the place shouldn’t be seen.
Having on condition that caveat, we imagine that taking a look at teams of 13F filings will be revealing, particularly when evaluating one holding interval to a different. Under, let’s check out the change in MCD positions, for this newest batch of 13F filers:
By way of shares owned, we rely 6 of the above funds having elevated current MCD positions from 09/30/2022 to 12/31/2022, with 8 having decreased their positions and 5 new positions.
Trying past these explicit funds on this one batch of most up-to-date filers, we tallied up the MCD share rely within the combination amongst all of the funds which held MCD on the 12/31/2022 reporting interval (out of the 515 we checked out in complete). We then in contrast that quantity to the sum complete of MCD shares those self same funds held again on the 09/30/2022 interval, to see how the combination share rely held by hedge funds has moved for MCD. We discovered that between these two intervals, funds elevated their holdings by 544,907 shares within the combination, from 4,858,978 as much as 5,403,885 for a share rely improve of roughly 11.21%. The general prime three funds holding MCD on 12/31/2022 have been:
We’ll maintain following the latest 13F filings by hedge fund managers and convey you fascinating tales derived from a have a look at the combination data throughout teams of managers between submitting intervals. Whereas taking a look at particular person 13F filings can generally be deceptive because of the long-only nature of the data, the sum complete throughout teams of funds from one reporting interval to a different is usually a lot extra revealing and related, offering fascinating inventory concepts that benefit additional analysis, like McDonald’s Corp (Image: MCD).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.