Hedge Funds Show Mixed Interest in Amgen Inc. (AMGN): Insights from 13F Filings

In our examination of the latest 13F filings for the quarter ending September 30, 2024, we found that Amgen Inc (Symbol: AMGN) was held by 13 hedge funds. When multiple hedge fund managers converge on a similar investment, it often prompts a deeper analysis.

Understanding 13F Filings: A Partial Picture

It’s crucial to recognize that 13F filings only disclose the long positions held by funds, offering an incomplete view. Hedge funds are not required to reveal their short positions, which could lead to misconceptions. For example, a fund may appear bullish by holding shares but could simultaneously be betting against the stock through shorting. Thus, one should consider both sides of these positions when evaluating sentiment.

Recent Trends in AMGN Holdings

Analyzing the AMGN positions in the latest 13F filings reveals a mixed bag. Out of the 13 reporting funds, 4 have increased their holdings from June 30, 2024, to September 30, 2024. In contrast, 6 funds reduced their positions, while 1 new fund entered the picture.

Aggregate Movement Among Hedge Funds

Looking at a broader dataset, which included 1,547 funds overall, we tracked changes in total AMGN shares held. Compared to June 30, 2024, hedge funds collectively reduced their AMGN holdings by 1,202,854 shares. This brings the total down from 13,598,765 to 12,395,911 – a decrease of roughly 8.85%. The top three funds holding AMGN as of September 30, 2024, are observable in this movement.

Continuing to Monitor Hedge Fund Activities

As we continue to monitor 13F filings from hedge fund managers, we will highlight notable shifts and trends. While analyzing individual filings may sometimes be misleading due to their selective nature, examining the aggregate data across groups of funds provides a clearer picture. This approach offers valuable insights, potentially revealing promising investment opportunities like Amgen Inc (Symbol: AMGN).

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Also see:

 • AMPH Historical Stock Prices
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.