AtHoldings Channel, we have reviewed the latest batch of the 92 most recent 13F filings for the 06/30/2022 reporting period, and noticed that Tesla Inc was held by 30 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 theirlongpositions with the SEC, but are not required to disclose theirshortpositions. 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 atgroupsof 13F filings can be revealing, especially when comparing one holding period to another. Below, let's take a look at the change in TSLA positions, for this latest batch of 13F filers:
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the TSLA share count in the aggregate amongallof the funds which held TSLA at the 06/30/2022 reporting period (out of the 4,731 we looked at in total). We then compared that number to the sum total of TSLA shares those same funds held back at the 03/31/2022 period, to see how the aggregate share count held by hedge funds has moved for TSLA. We found that between these two periods, funds increased their holdings by 18,171,068 shares in the aggregate, from 269,572,085 up to 287,743,153 for a share count increase of approximately 6.74%. The overall top three funds holding TSLA on 06/30/2022 were:
