Delving into the latest 13F filings can feel akin to peering through a carnival hall of mirrors – what you see may not be all that meets the eye. Our recent examination of the 27 most recent filings for the 09/30/2024 period reveals a remarkable trend: iShares Trust – iShares Core US Aggregate Bond Exchange Traded Fund (Symbol: AGG) found a place in the portfolios of 14 of these funds. When hedge funds march to the same drummer, it’s time to heighten scrutiny.
Although 13F filings illuminate only the tip of the iceberg – disclosing long positions while concealing shorts – they still offer a tantalizing peek behind the curtain. A fund may laud a bullish facade in its filings, while clandestinely dancing with bearish bets on the sidelines. So, remember, not all that glitters in a 13F filing is gold.
Grouping 13F filings together can unveil compelling narratives, especially when contrasting one period against another. Let’s dive into the fluctuation of AGG positions among the latest filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| Commonwealth Equity Services LLC | Existing | –19,639 | +$6,391 |
| Aggregate Change: | +1,798,717 | +$505,520 | |
Amidst this jostle of figures, we note that 8 out of the mentioned funds ramped up their existing AGG positions from 06/30/2024 to 09/30/2024, while 6 slashed their stakes. Of peculiar interest, Continuum Wealth Advisors LLC bid adieu to AGG common stock as of 09/30/2024.
Zooming out from this microcosm, we tallied the aggregate AGG share count across all the funds holding AGG by the 09/30/2024 reporting period (from a grand total of 1,215 funds analyzed). Comparing this sum to the share count at 06/30/2024, we unveil a brisk uptick of 2,653,405 shares – a 3.34% surge from 79,449,048 to 82,102,453 shares held by hedge funds. The top three funds reigning over AGG on 09/30/2024 were:
We stay glued to the latest 13F filings, ready to regale you with captivating tales spun from the threads of data interwoven across cohorts of managers between filing epochs. While individual 13F filings might cloak truths due to their long-biased lens, the collective tale across groups of funds can unveil nuggets of wisdom and beckon further scrutiny to gems like iShares Trust – iShares Core US Aggregate Bond Exchange Traded Fund (Symbol: AGG).
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