At Holdings Channel, we have reviewed the latest batch of the 64 most recent 13F filings for the 06/30/2014 reporting period, and noticed that Microsoft Corporation (MSFT) was held by 35 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 MSFT positions, for this latest batch of 13F filers:Flow Traders U.S. LLC, and Renaissance Technologies LLC, included in this recent batch of 13F filers, exited MSFT common stock as of 06/30/2014. Looking beyond these particular funds in this one batch of most recent filers, we tallied up the MSFT share count in the aggregate among all of the funds which held MSFT at the 06/30/2014 reporting period (out of the 2,100 we looked at in total). We then compared that number to the sum total of MSFT shares those same funds held back at the 03/31/2014 period, to see how the aggregate share count held by hedge funds has moved for MSFT. We found that between these two periods, funds increased their holdings by 49,599,950 shares in the aggregate, from 2,627,393,353 up to 2,676,993,303 for a share count increase of approximately 1.89%. The overall top three funds holding MSFT on 06/30/2014 were:
|Fund||Shares of MSFT Held|
|1.||Vanguard Group Inc.||386,749,214|
|2.||State Street Corp||313,352,602|
|3.||BlackRock Institutional Trust Company N.A.||208,795,149|
|4-10||Find out the full Top 10 Hedge Funds Holding MSFT|
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