The Securities and Exchange Commission's (SEC) Form 13F is a quarterly report that is required to be filed by all institutional investment managers with at least $100 million in assets under management. It discloses their equity holdings and can provide insights into what the smart money is doing in the market.
Hedge funds are required to file Form 13F within 45 days after the last day of the calendar quarter. Most funds wait until the end of this period in order to conceal their investment strategy from competitors and the public.
The 13F filing covers a wide spectrum of details on the trading and performance activities of the firms. This data is not always well structured and therefore hard for users to analyze. RADiENT provides all the disclosed information in a structured and visually appealing manner.
Form 13F data on RADiENT is regularly updated and cross-referenced with the firm's latest Form ADV and its respective funds on the RADiENT screener.
RADiENT 13F Features enable users to:
- Compare several historical filings at once
- View individual historical filings
- Get a detailed report of the firm's trading activity for the reporting period
- Compare the firm's performance over time
- Find similar firms that recently filed their Form 13F
- Track the firm's sectoral holdings over time
- Track the top securities held by hedge funds
1) Search for firms by their names or CIK
Users can filter for firms by simply clicking on the header descriptions:
- Last Filing: This filter allows users to sort the filings in an ascending or descending order. The filing date goes back to 2013
- AUM: Filter by AUM held by the firms in an ascending or descending order
- Top 10%: Search for firms by the percentage of top 10 holdings that contribute to the firm's total market value
- Options %: Filter for firms by the percentage of options held in their portfolio
- Debt%: Used to filter for the percentage of debt in the company’s portfolio
- Change in AUM: This filter enables users to find firms by how much the firm’s current AUM has changed from its previously disclosed AUM
2) Insights on securities disclosed in the Form 13f filings of firms.
3) Historical and Detailed Analysis
- The 13F Activity Table displays the summary of the Form 13F performance and trading metrics as reported to the SEC by the firm. Metrics covered include – the number of holdings entirely liquidated, the number of holdings added, turnover, previous market value, etc.
- ‘Activity Over Time’ allows users to select 2 or more periods to compare the firm's performance. The filings go back to June 2013.
Icahn Capital’s latest Form 13F discloses a market value of ~ $22B with a turnover of 25% for the reporting period ending 31st March 2022. The firm saw a loss of $422M in its current market value from its 13F disclosure. This drop-in market value is mainly attributed to the movements in the price of the securities held.
- ‘View Detailed Holdings’ gives the users to option to view a detailed structured report of all the securities that the firm holds in its portfolio at the end of the reporting period. Users can search for specific securities and export the report to an EXCEL sheet by clicking on ‘Export’ on the top right-hand corner of the table.
- Users can select the individual reporting periods they are interested in analyzing using the date drop-down option.
4) Find similar firms that have filed their recent Form 13F filings.
5) Track the market value of the firm and the trend of the top 10 holdings of the portfolio.
Icahn’s historical market value data shows that the firm performed its best as of 30 June 2014. The current market value of the firm stands at $22B.
6) Track the securities whose holding quantities increased since the last reporting period.
Users can also download a complete and detailed report of the securities the firm bought over this period.
7) The ‘Top Sells’ table shows the securities whose holding quantities decreased since the last reporting period, sorted by the highest reduction in the value of the holding.
8) Track the current/ historical top 10 holdings of the firm.
The fund has a long-term mindset and holds each stock in its portfolio for an average of 18.5 quarters, or just over 4.5 years. In addition, Icahn has a top 10 holdings concentration of 96.04%.
During the first quarter, Icahn purchased just one new stock: International Flavors and Fragrances. IFF stock has declined about 12% year-to-date (YTD), but it has outperformed the S&P 500’s YTD loss of 14%.
Furthermore, Icahn completely sold out of Occidental Petroleum. He first purchased shares of OXY stock during Q2 of 2019. Occidental was also the S&P 500’s best performer during Q1.
More about Icahn Capital :
Billionaire Carl Icahn reached a settlement with to replace its chief executive officer and name up to four directors to its board. shares edged higher after reaching a deal with Carl Icahn to replace the utility’s chief executive officer and allow the billionaire activist to name up to four directors to the board.