Hedge Funds Adjust AMD Holdings as Market Trends Shift
In the latest round of 13F filings for the 12/31/2024 reporting period, Advanced Micro Devices Inc (Symbol: AMD) captured the attention of 8 hedge funds. When multiple funds converge on the same investment, it’s worth investigating further.
However, it’s crucial to note that 13F filings only reveal part of the picture. Funds must disclose their long positions to the SEC but do not have to report their short positions. Thus, a fund could be taking a bearish stance by shorting a stock, while still maintaining a long position, leading to a misleading interpretation of their overall sentiment.
With that in mind, analyzing groups of 13F filings can be informative, especially when assessing changes over different time frames. Let’s examine the shifts in AMD positions from this latest batch of reports.
Among the funds analyzed, 3 increased their AMD holdings from 09/30/2024 to 12/31/2024. Meanwhile, 1 fund reduced its stake and 2 new funds initiated positions.
Beyond this specific batch of funds, we compiled the total AMD share count held by all funds that reported on 12/31/2024, totaling 2,776. When comparing this to shares held on 09/30/2024, we found that hedge funds collectively decreased their AMD holdings by 8,578,951 shares—from 97,761,151 down to 89,182,200. This represents a share count decline of approximately -8.78%. The top three funds holding AMD on 12/31/2024 were:
We will continue to monitor the latest 13F filings from hedge fund managers and share insightful stories derived from the analysis of their collective strategies across reporting periods. Though individual 13F filings can occasionally be misleading, the aggregate data can offer valuable insights and prompt further investigation—especially in the case of Advanced Micro Devices Inc (Symbol: AMD).
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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.
