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.

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