13-F Consolidated Analysis

It’s the time of the year when 13-F filings are out. So I spent some time analyzing how the “smart money” has allocated capital .

Like I do every quarter, I analyzed the data from 90+ fund managers and have some interesting observations to share.

What is Form 13F?

Form 13F is filed quarterly by managers with >$100M in qualifying securities.

What does it include?

  • U.S.-listed equities
  • Certain equity options
  • Certain convertible bonds
  • ETFs
  • ADRs

What it does not include?

  • International stocks
  • Bonds (mostly)
  • Derivatives (most)
  • Futures
  • Commodities
  • Private funds
  • Cash
  • Forex
  • Many hedge fund positions

Analyze