Which Of The Latest 13F Filers Holds Kraft Heinz?

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At Holdings Channel , we have reviewed the latest batch of the 61 most recent 13F filings for the 09/30/2016 reporting period, and noticed that Kraft Heinz Co (Symbol: KHC) was held by 18 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 KHC positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value($ in 1000’s)
Coldstream Capital Management Inc. Existing -1,543 -$133
Roosevelt Investment Group Inc. NEW +132,272 +$11,840
Charter Research & Investment Group Inc. Existing -45 +$39
Highland Capital Management LP Existing -83,630 -$7,394
Coldstream Capital Management Inc. Existing -1,543 -$133
Raymond James & Associates Existing +1,244 +$1,717
683 Capital Management LLC Existing -50,000 -$4,498
Glassman Wealth Services Existing -32 -$3
Coldstream Capital Management Inc. Existing -1,543 -$133
Glenmede Trust Co. NA Existing -329 +$18
Wallace Capital Management Inc. Existing +4 +$16
Pacific Global Investment Management CO Existing +46 +$56
London Co. of Virginia Existing UNCH +$5
Royal Bank of Canada Existing +59,197 +$7,797
Wall Street Access Asset Management LLC Existing -400 -$33
Altavista Wealth Management Inc. Existing -52 +$1
I.G. Investment Management LTD. Existing -2,563 -$105
D Orazio & Associates Inc. Existing UNCH +$1
Aggregate Change: +51,083 +$9,058

In terms of shares owned, we count 4 of the above funds having increased existing KHC positions from 06/30/2016 to 09/30/2016, with 11 having decreased their positions and 1 new position. Looking beyond these particular funds in this one batch of most recent filers, we tallied up the KHC share count in the aggregate among all of the funds which held KHC at the 09/30/2016 reporting period (out of the 2,258 we looked at in total). We then compared that number to the sum total of KHC shares those same funds held back at the 06/30/2016 period, to see how the aggregate share count held by hedge funds has moved for KHC. We found that between these two periods, funds increased their holdings by 4,546,787 shares in the aggregate, from 154,216,654 up to 158,763,441 for a share count increase of approximately 2.95%. The overall top three funds holding KHC on 09/30/2016 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 Kraft Heinz Co (Symbol: KHC).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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