At Holdings Channel, we now have reviewed the newest batch of the 22 most up-to-date 13F filings for the 03/31/2023 reporting interval, and seen that Netflix Inc (Symbol: NFLX) was held by 11 of those funds. When hedge fund managers look like considering alike, we discover it’s a good suggestion to take a more in-depth look.
Before 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 aren’t required to reveal their brief positions. A fund making a bearish wager towards a stock by shorting calls, for instance, may additionally be lengthy some quantity of stock as they trade round their general bearish place. This lengthy element 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/brief facet of the place is just not seen.
Having on condition that caveat, we imagine that taking a look at teams of 13F filings could be revealing, particularly when evaluating one holding interval to a different. Below, let’s check out the change in NFLX positions, for this newest batch of 13F filers:
In phrases of shares owned, we depend 3 of the above funds having elevated present NFLX positions from 12/31/2022 to 03/31/2023, with 4 having decreased their positions and three new positions.
Looking past these explicit funds on this one batch of most up-to-date filers, we tallied up the NFLX share depend within the combination amongst all of the funds which held NFLX on the 03/31/2023 reporting interval (out of the 1,684 we checked out in complete). We then in contrast that quantity to the sum complete of NFLX shares those self same funds held again on the 12/31/2022 interval, to see how the mixture share depend held by hedge funds has moved for NFLX. We discovered that between these two intervals, funds decreased their holdings by 818,044 shares within the combination, from 11,250,323 right down to 10,432,279 for a share depend decline of roughly -7.27%. The general high three funds holding NFLX on 03/31/2023 have been:
We’ll maintain following the latest 13F filings by hedge fund managers and produce you attention-grabbing tales derived from a have a look at the mixture data throughout teams of managers between submitting intervals. While taking a look at particular person 13F filings can typically be deceptive as a result of long-only nature of the knowledge, the sum complete throughout teams of funds from one reporting interval to a different is usually a lot extra revealing and related, offering attention-grabbing stock concepts that advantage additional analysis, like Netflix Inc (Symbol: NFLX).
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.