Oracle Corp’s Hedge Fund Backing: A Closer Look at Recent Trends

In our latest analysis of 27 recent 13F filings for the quarter ending September 30, 2024, we found that Oracle Corp (Symbol: ORCL) was held by 16 different hedge funds. When multiple fund managers align on an investment, it’s worth digging deeper.

It’s important to note that 13F filings don’t provide a complete picture. Funds must disclose only their long positions to the SEC, leaving out any short positions. A fund taking a bearish stance by shorting stocks might still hold long shares, leading to potential misinterpretations of their outlook. The bearish aspect could remain hidden, as it’s not included in these disclosures.

With that in mind, analyzing groups of 13F filings can yield valuable insights, especially when we track changes over different reporting periods. Let’s examine how Oracle Corp’s holdings changed among these recently reporting funds:

Regarding share ownership, three funds increased their Oracle positions from June 30, 2024, to September 30, 2024, while five funds chose to decrease theirs.

Expanding our analysis beyond individual funds, we totaled the share count of ORCL among all hedge funds from our 689 total examined during the September reporting period. When comparing this figure to the previous count from June 30, 2024, we found an increase of 561,196 shares, raising the total from 12,246,806 to 12,808,002, marking a growth of approximately 4.58%. By September 30, 2024, the top three funds holding Oracle were:

We will continue to monitor 13F filings from hedge funds to uncover insights derived from the collective positions of these managers over time. Although individual filings can sometimes be misleading given their long-only nature, examining the overall trends across groups of funds provides a clearer and more meaningful perspective on potential investment opportunities, including Oracle Corp (Symbol: ORCL).

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Also see:

• Stockholder Letter
• PNBI Videos
• Institutional Holders of MATH

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.