See Which Of The Latest 13F Filers Holds MetLife
Joel Kornblau - Friday, May 12, 2:38 PMAt Holdings Channel, we have reviewed the latest batch of the 49 most recent 13F filings for the 03/31/2017 reporting period, and noticed that MetLife Inc (MET) was held by 14 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 MET positions, for this latest batch of 13F filers:
|Fund||New Position?||Change In Share Count||Change In Market Value ($ in 1000's)|
|Meiji Yasuda Asset Management Co Ltd.
|Menta Capital LLC
|Roosevelt Investment Group Inc.
|Columbus Hill Capital Management L.P.
|MARSHALL WACE ASIA Ltd
|Cim Investment Mangement Inc.
|Marshall Wace North America L.P.
|Guardian Life Insurance Co. of America
|Banco Santander S.A.
|MARSHALL WACE ASIA Ltd
|Edgar Lomax Co. VA
|Meeder Asset Management Inc.
|Global X Management Co. LLC
In terms of shares owned, we count 4 of the above funds having increased existing MET positions from 12/31/2016 to 03/31/2017, with 4 having decreased their positions and 5 new positions.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the MET share count in the aggregate among all of the funds which held MET at the 03/31/2017 reporting period (out of the 2,305 we looked at in total). We then compared that number to the sum total of MET shares those same funds held back at the 12/31/2016 period, to see how the aggregate share count held by hedge funds has moved for MET. We found that between these two periods, funds reduced their holdings by 26,641,597 shares in the aggregate, from 315,917,935 down to 289,276,338 for a share count decline of approximately -8.43%. The overall top three funds holding MET on 03/31/2017 were:
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 MetLife Inc (MET).