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See Which Of The Latest 13F Filers Holds Procter & Gamble Joel Kornblau - Wednesday, August 10, 3:57 PMAt Holdings Channel, we have reviewed the latest batch of the 157 most recent 13F filings for the 06/30/2022 reporting period, and noticed that Procter & Gamble Company (PG) was held by 68 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 PG positions, for this latest batch of 13F filers:
Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000's) |
Sandhill Capital Partners LLC |
Existing |
+17,830 | +$2,345 | Telemus Capital LLC |
Existing |
-426 | -$340 | Spartan Planning & Wealth Management |
Existing |
-4,912 | -$756 | Joseph Group Capital Management |
Existing |
+512 | -$14 | LSV Asset Management |
Existing |
UNCH | -$168 | High Net Worth Advisory Group LLC |
Existing |
+229 | -$111 | Financial Advisory Group |
Existing |
-4 | -$16 | Norinchukin Bank The |
Existing |
-67,402 | -$11,908 | Bessemer Group Inc. |
Existing |
+31,928 | -$1,463 | Oxbow Advisors LLC |
Existing |
+40 | -$82 | Flossbach Von Storch AG |
Existing |
-1,131,183 | -$221,879 | Ithaka Group LLC |
Existing |
UNCH | -$13 | Greenwood Capital Associates LLC |
Existing |
+5,226 | +$749 | Nelson Van Denburg & Campbell Wealth Management Group LLC |
Existing |
-17,587 | -$2,858 | Ethic Inc. |
Existing |
+351 | +$3 | Missouri Trust & Investment Co |
Existing |
+2,150 | +$280 | Hamilton Capital LLC |
Existing |
+105 | -$10 | Horan Capital Advisors LLC. |
Existing |
-160 | -$305 | Mercer Global Advisors Inc. ADV |
Existing |
-4,985 | -$3,337 | Oarsman Capital Inc. |
Existing |
-875 | -$190 | Capricorn Fund Managers Ltd |
Existing |
-7,000 | -$1,318 | Manchester Capital Management LLC |
Existing |
+1,932 | +$77 | Paragon Capital Management LLC |
Existing |
+19 | -$21 | Skandinaviska Enskilda Banken AB publ |
Existing |
+1,911 | -$8,821 | Avalon Investment & Advisory |
Existing |
+6,573 | -$1,832 | Blair William & Co. IL |
Existing |
+1,433 | -$7,651 | Covington Investment Advisors Inc. |
Existing |
-83 | -$279 | swisspartners Ltd. |
NEW |
+1,395 | +$207 | Summit Asset Management LLC |
Existing |
-119 | -$223 | Kovack Advisors Inc. |
Existing |
-941 | -$301 | Elo Mutual Pension Insurance Co |
Existing |
+2,522 | -$1,317 | Fosun International Ltd |
Existing |
-25,660 | -$4,298 | Citigroup Inc. |
Existing |
+20,343 | -$26,637 | Achmea Investment Management B.V. |
Existing |
-5,158 | -$2,651 | Jupiter Asset Management Ltd. |
Existing |
+13,487 | +$615 | Altshuler Shaham Ltd |
Existing |
-245 | -$49 | Interactive Financial Advisors |
Existing |
UNCH | -$3 | Chevy Chase Trust Holdings Inc. |
Existing |
+4,519 | -$12,807 | Blue Edge Capital LLC |
Existing |
UNCH | -$23 | Duff & Phelps Investment Management Co. |
Existing |
UNCH | -$232 | Ropes Wealth Advisors LLC |
Existing |
+2,857 | -$194 | High Net Worth Advisory Group LLC |
Existing |
+229 | -$111 | Roble Belko & Company Inc |
Existing |
+3 | -$15 | Somerset Group LLC |
Existing |
UNCH | -$14 | Boston Partners |
Existing |
+779,397 | +$80,371 | TBH Global Asset Management LLC |
Existing |
+594 | -$28 | SBK Financial Inc. |
Existing |
UNCH | -$61 | McCollum Christoferson Group LLC |
Existing |
-340 | -$578 | Eagle Strategies LLC |
Existing |
-896 | -$159 | Covestor Ltd |
Existing |
-187 | -$46 | Godshalk Welsh Capital Management Inc. |
Existing |
UNCH | -$155 | Vantage Financial Partners LLC |
Existing |
+8 | -$23 | Strong Tower Advisory Services |
Existing |
+181 | -$12 | Desjardins Global Asset Management Inc. |
Existing |
-23,100 | -$3,845 | Geller Advisors LLC |
Existing |
-2 | -$25 | Virtue Capital Management LLC |
Existing |
-7,119 | -$1,174 | Trek Financial LLC |
Existing |
+360 | +$23 | Garrison Point Advisors LLC |
Existing |
UNCH | -$58 | Ranch Capital Advisors Inc. |
Existing |
+161 | -$62 | Providence Wealth Advisors LLC |
Existing |
+687 | +$13 | Rock Point Advisors LLC |
Existing |
-25 | -$58 | Legacy CG LLC |
NEW |
+72 | +$10 | Cerity Partners LLC |
Existing |
+51,811 | +$5,820 | Glenview Trust Co |
Existing |
-16,598 | -$5,422 | Qtron Investments LLC |
Existing |
-860 | -$344 | River Wealth Advisors LLC |
Existing |
+4,821 | +$615 | Montag A & Associates Inc. |
Existing |
+1,729 | -$482 | Palisades Hudson Asset Management L.P. |
Existing |
-31 | -$19 | Aggregate Change: |
-360,483 | -$233,670 |
In terms of shares owned, we count 31 of the above funds having increased existing PG positions from 03/31/2022 to 06/30/2022, with 26 having decreased their positions and 2 new positions. Worth noting is that San Luis Wealth Advisors LLC, Coco Enterprises LLC, KWB Wealth, AMP Capital Investors Ltd, and Fund Evaluation Group LLC, included in this recent batch of 13F filers, exited PG common stock as of 06/30/2022.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the PG share count in the aggregate among all of the funds which held PG at the 06/30/2022 reporting period (out of the 3,349 we looked at in total). We then compared that number to the sum total of PG shares those same funds held back at the 03/31/2022 period, to see how the aggregate share count held by hedge funds has moved for PG. We found that between these two periods, funds reduced their holdings by 4,637,529 shares in the aggregate, from 210,371,994 down to 205,734,465 for a share count decline of approximately -2.20%. The overall top three funds holding PG on 06/30/2022 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 Procter & Gamble Company (PG).
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