Williams Popular Amongst Latest 13F Filers

At Holdings Channel, we have reviewed the latest batch of the 41 most recent 13F filings for the 06/30/2014 reporting period, and noticed that Williams Cos Inc (WMB) was held by 13 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 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 WMB positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value ($ in 1000's)
Opus Capital Group LLC NEW +50,404 +$2,934
Loeb Partners Corp Existing -100 +$858
People s United Financial Inc. Existing +12,030 +$2,235
Para Advisors LLC Existing -52,300 -$359
Iberiabank Corp NEW +5,393 +$314
Kistler Tiffany Companies LLC Existing UNCH +$10
Assetmark Inc. Existing +30,131 +$2,562
Pioneer Investment Management Inc. Existing +8,743 +$1,125
Atlanta Capital Group Existing +46,924 +$3,491
FCA Corp TX Existing -7,658 +$2,968
Catalyst Capital Advisors LLC NEW +10,400 +$605
Chubb Corp Existing UNCH +$6,171
Pine River Capital Management L.P. NEW +200,000 +$11,642
Aggregate Change: +303,967 +$34,556

In terms of shares owned, we count 4 of the above funds having increased existing WMB positions from 03/31/2014 to 06/30/2014, with 3 having decreased their positions and 4 new positions.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the WMB share count in the aggregate among all of the funds which held WMB at the 06/30/2014 reporting period (out of the 1,845 we looked at in total). We then compared that number to the sum total of WMB 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 WMB. We found that between these two periods, funds increased their holdings by 14,282,344 shares in the aggregate, from 146,278,151 up to 160,560,495 for a share count increase of approximately 9.76%. The overall top three funds holding WMB on 06/30/2014 were:

Fund Shares of WMB Held
1. Vanguard Group Inc. 37,712,137
2. BlackRock Institutional Trust Company N.A. 18,420,474
3. BlackRock Fund Advisors 9,322,108
4-10 Find out the full Top 10 Hedge Funds Holding WMB

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 Williams Cos Inc ( WMB).

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