EMC Popular Amongst Latest 13F Filers

At Holdings Channel, we have reviewed the latest batch of the 22 most recent 13-F filings for the 06/30/2014 reporting period, and noticed that EMC Corp. ( EMC) was held by 11 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.

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Before we proceed, it is important to point out that 13-F 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 13-F 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 13-F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in EMC positions, for this latest batch of 13-F filers:

Fund New Position? Change In Share Count Change In Market Value ($ in 1000's)
Financial Management Professionals Inc. Existing UNCH -$1
Bourgeon Capital Management LLC NEW +16,486 +$434
SOL Capital Management CO Existing -600 -$57
Boston Family Office LLC Existing +750 -$2
CI Investments Inc. Existing +63,100 +$1,424
Eads & Heald Investment Counsel Existing -5,020 -$169
Wetherby Asset Management Inc. Existing -1,378 -$65
Capital Fund Management S.A. Existing +70,019 +$1,813
Capital Fund Management S.A. Existing +70,019 +$1,813
Advantus Capital Management Inc Existing +989 -$169
Synovus Financial Corp Existing +11,917 +$150
Aggregate Change: +226,282 +$5,171

In terms of shares owned, we count 6 of the above funds having increased existing EMC positions from 03/31/2014 to 06/30/2014, with 3 having decreased their positions and 1 new position.

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