American Express Sees Notable Hedge Fund Activity in Latest 13F Filings
At Holdings Channel, we have analyzed the latest 13F filings for the reporting period ending March 31, 2025. Notably, American Express Co. (Symbol: AXP) was held by 18 of the examined funds. When hedge fund managers show a similar interest, it’s prudent to investigate further.
It’s essential to remember that 13F filings only provide a partial picture since these funds are required to disclose only their long positions to the SEC, not their short positions. For instance, if a fund takes a bearish stance by shorting a stock, they may still hold a long position to manage that overall negative outlook. This long position can appear in 13F filings, leading to the assumption of bullish sentiment from outside observers, which only captures part of the fund’s strategy.
Understanding these details, we believe that analyzing groups of 13F filings can yield valuable insights, especially when comparing holdings across different reporting periods. Below is an overview of the changes in AXP positions among the latest 13F filers:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| Courier Capital LLC | Existing | +1,517 | –$104 |
| Wela Strategies Inc. | Existing | +85 | –$31 |
| Strategic Wealth Investment Group LLC | Existing | –38,595 | –$11,543 |
| Wesbanco Bank Inc. | Existing | +70 | –$116 |
| Centricity Wealth Management LLC | Existing | +46 | –$3 |
| Deane Retirement Strategies Inc. | Existing | +246 | –$241 |
| CJM Wealth Advisers Ltd. | Existing | –96 | –$55 |
| Portside Wealth Group LLC | Existing | +251 | –$16 |
| Moss Adams Wealth Advisors LLC | Existing | –86 | –$78 |
| Northstar Advisory Group LLC | Existing | –1,527 | –$697 |
| WFA Asset Management Corp | Existing | –64 | –$24 |
| Cetera Trust Company N.A | Existing | UNCH | –$91 |
| PFS Partners LLC | Existing | +78 | +$19 |
| Patrick M Sweeney & Associates Inc. | Existing | –50 | –$43 |
| Farther Finance Advisors LLC | Existing | +4,244 | +$1,009 |
| City Holding Co. | Existing | +78 | –$24 |
| Millington Financial Advisors LLC | Existing | UNCH | –$167 |
| Rheos Capital Works Inc. | Existing | –78,500 | –$24,316 |
| Aggregate Change: | –112,303 | –$36,521 | |
Among the funds listed, nine increased their AXP positions from December 31, 2024, to March 31, 2025, while seven reduced theirs.
Expanding our analysis, we calculated the aggregate AXP share count held by all funds as of March 31, 2025 (from a total of 570 funds examined). We compared this figure to the total AXP shares these funds held as of December 31, 2024. The results indicated that funds increased their holdings by 2,151,416 shares, rising from 4,369,502 to 6,520,918—a remarkable increase of approximately 49.24%. The leading three funds holding AXP on March 31, 2025, comprised:
We will continue to monitor the latest 13F filings by hedge fund managers and share notable insights gathered from these aggregated reports. Although individual 13F filings can sometimes mislead due to their long-only focus, examining the total across groups of funds from one period to the next can reveal significant trends and investment opportunities, such as American Express Co. (Symbol: AXP).
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
