The securities that institutional investment managers must report on Form 13F are “section 13(f) securities.” Section 13(f) securities generally include equity securities that trade on an exchange (including the Nasdaq National Market System), certain equity options and warrants, shares of closed-end investment companies, and certain convertible debt securities. The shares of open-end investment companies (i.e., mutual funds) are not Section 13(f) securities.
The latest list of 13F securities by the SEC can be found here.
RADiENT uses historical and recent Form 13F filings data to analyze how securities are held by firms over time.
With RADiENT users can gauge :
- Total number of securities held by all 13F Filers
- Total number of securities held by hedge fund filers
- Securities with the largest increase in %age value held by all filers and hedge fund filers
- Securities with the largest decrease in 5age value held by all filers and hedge fund filers
- Top securities held by hedge funds, etc.
Q1 2022 Securities AnalysisRADiENT records a total of 11, 530 unique securities that have been held by all filers since September 2018.
- For the current period, the total number of securities recorded by all filers adds up to 9,431.
- A total of 7,681 securities were disclosed by hedge fund filers for Q1 2022.
Top Held Securities
- MSFT is the largest held security by hedge fund filers, it is held by 336 hedge fund filers, who hold 219M shares with a value of $69B.
- MSFT is the second most held security for all the filers who filed Form 13F for the last reporting period. The Vanguard Group is the filer with the largest holding of MSFT, holding shares worth $192B. The total value of shares held by all filers is approx. $1.6T
- Apple is the largest security ($1.7T) held by all 13F filers for the last reporting period. The largest filer to hold this security is The Vanguard Group.
- It is also the third-largest security to be held by hedge fund filers for the first quarter of 2022. 245 hedge funds hold shares worth $37B
- AMZN was the third-largest security held by all the 13F filers for Q1 2022, all filers together held shares worth $1.17T.
- AMZN was the second-largest security to be held by hedge funds by value. By the end of Q1 2022, 318 hedge fund filers held shares worth $42B.
The other top securities held by all 13f filers for Q1 2022 include- SPDR S&P 500 ETF, Tesla Inc, Alphabet Class A, Alphabet Class C, NVIDIA Corp, Facebook Inc, UnitedHealth Group, and JP Morgan and Chase.
Most Added Securities for Q1 2022
Berkshire Hathaway Inc Class B
- For Q1 2022, Berkshire Hathaway Class B shares were the security that was most added to firms' portfolios for the period. 166 new firms added this security to their portfolios
- The Vanguard Group is the filer holding the largest number of shares of this security
Breakdown of the top 20 most added securities for Q1 2022A) 6 securities belonged to the healthcare industry. These are the securities of:
- Johnson & Johnson
- Abbvie Inc
- Merck &Co
- UnitedHealth Group
- Bristol-Myers Squibb Co
- Eli Lilly & Co.
B) 2 securities belong to the energy sector :
C) 4 securities belong to the industrials sector
D) 2 securities belong to the consumer cyclical sector
E) 3 securities belong to the consumer defensive sector
E) Only 1 security belonged to the financials sector: VISA
According to Forbes, “In general, hedge funds shifted away from "Big Tech" companies, with Apple leading the decline in an exposure.” However, the most popular positions on Wall Street remain Big Tech names, with the FAAMG names (Facebook parent Meta Platforms, Apple, Amazon, Microsoft, and Google parent Alphabet) persistently holding the top five most popular hedge fund stocks, even though the FAAMG stocks have all plummeted this year, with declines ranging from 22% to 43% in the first three months of the year.
Q1 2022 Hedge Fund Trends
The hedge fund community dumped tech stocks as interest rates spiked. This unloading marked the biggest sale in dollar terms in more than 10 years.
Several hedge funds stock up on tech stocks.
- Sachem Head bought Salesforce and Opendoor Technologies.
- Paul Singer's Elliott Investment Management added to its position in Twitter
- Stephen Mandel's Lone Pine Capital established a new position in Meta Platforms and boosted its stakes in Square and Microsoft.
- Lee Ainslie's Maverick Capital bought shares of Square and boosted its stake in T-Mobile.
- Bill Ackman's Pershing Square bought shares of Netflix
Hedge funds that shed their tech holdings in the last quarter
- Seth Klarman's Baupost slashed its position in Meta Platforms
- Soroban Capital unloaded large numbers of Big Tech shares, exiting Meta Platforms and Netflix and cutting its stake in Microsoft
- David Einhorn's Greenlight Capital exited Twitter and slashed its stake in GoPro
- Dan Loeb's Third Point exited Alphabet and Upstart Holdings and cut its stakes in Amazon, Microsoft, and Rivian.
Latest: Tiger GlobalTiger Global Management rode the tech boom like no other investment firm. The firm which managed $23 billion at the end of 2021, was down 52% this year. That is one of the largest-ever losses by a hedge fund. Its other large stock fund—a long-only fund that managed $11 billion at the end of 2021 and doesn’t short stocks—has lost 61.7%. By the end of April 2022, tech unloading had wiped out roughly two-thirds of the gains Tiger had made in those stock funds since its founding.