Find out which of the latest 13F filers owns Qualcomm

At Holdings Channel, we reviewed the latest batch of the 22 most recent 13F filings for the reporting period of 06/30/2022, and noticed that Qualcomm Inc (Symbol: QCOM) was held by 10 of these funds. When hedge fund managers seem to think alike, we think it’s a good idea to take a closer look.

Before moving on, it’s important to point out that 13F filings don’t tell the whole story, as these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short posts. A fund making a bearish bet against a stock by selling short calls, for example, could also be long a certain amount of stock as it trades around its overall bearish position. This long component could appear in a 13F record and everyone could assume the fund is bullish, but that only tells part of the story. because the bearish/short side of the position is not visible.

After this caveat, we believe that looking groups 13F deposits can be revealing, especially when comparing one holding period to another. Below, let’s take a look at the evolution of QCOM positions, for this latest batch of 13F declarers:

In terms of shares held, we count 6 of the above funds having increased their existing QCOM positions from 03/31/2022 to 06/30/2022, 3 having decreased their positions and 1 new position. It should be noted that SimpliFi Inc., included in this recent batch of 13F applicants, exited QCOM common stock as of 06/30/2022.

Beyond these particular funds in this single batch of most recent filers, we counted the number of QCOM shares overall among everything funds that held QCOM as of 06/30/2022 (of the 958 we reviewed in total). We then compared this number to the sum total of QCOM shares of those same funds held as of 03/31/2022, to see how the total number of shares held by hedge funds has evolved for QCOM. We found that between these two periods, the funds increased their holdings by a total of 856,265 shares, from 15,121,898 to 15,978,163 for an increase in the number of shares of approximately 5.66%. The three main funds holding QCOM as of 06/30/2022 were:

We will continue to track the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at aggregated information across manager groups between filing periods. Although reviewing individual 13F returns can sometimes be misleading due to the lengthy nature of the information, the total sum on groups funds from one reporting period to another can be much more revealing and relevant, providing interesting stock ideas that merit further research, such as Qualcomm Inc (Ticker: QCOM).

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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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