Hedge Funds Show Interest in Johnson & Johnson Amid Recent 13F Filings
Recent 13F filings for the reporting period ending on September 30, 2024, reveal that 13 hedge funds hold positions in Johnson & Johnson (Symbol: JNJ). When multiple hedge funds show similar interests, it’s worth investigating further.
It’s essential to understand that 13F filings provide limited insights. Funds must disclose only their long positions to the SEC, omitting any short positions. A fund that is betting against a stock through shorting might also hold long positions for trading purposes. This dual strategy can create a misleading perception of the fund’s overall sentiment towards the stock.
With that in mind, analyzing groups of 13F filings reveals valuable insights, particularly when comparing different reporting periods. Here’s a look at the changes in JNJ positions from the latest filings:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| NewSquare Capital LLC | Existing | –29 | –$2 |
| Bordeaux Wealth Advisors LLC | Existing | +1,056 | +$260 |
| Illinois Municipal Retirement Fund | Existing | –29,835 | +$1,734 |
| New Republic Capital LLC | Existing | +65 | +$78 |
| Vaughan David Investments LLC IL | Existing | +1,872 | +$5,193 |
| 1900 Wealth Management LLC | Existing | +382 | +$135 |
| Stockman Wealth Management Inc. | Existing | +26 | +$122 |
| VeraBank N.A. | Existing | –286 | +$152 |
| River Global Investors LLP | Existing | +2 | +$189 |
| Mitchell Mcleod Pugh & Williams Inc. | Existing | +4 | +$447 |
| Meritage Portfolio Management | Existing | –1,703 | +$1,028 |
| Crossmark Global Holdings Inc. | Existing | –1,884 | +$341 |
| Sanctuary Wealth Management L.L.C. | Existing | UNCH | +$7 |
| Aggregate Change: | –30,330 | +$9,684 | |
Among those funds, 7 increased their positions in JNJ from June 30, 2024, to September 30, 2024, while 5 reduced their holdings. Notably, Ibex Wealth Advisors exited their position in JNJ as of September 30, 2024.
Analyzing the overall numbers, we looked at the total share count of JNJ held by hedge funds for the September 30, 2024, period across 2,955 funds, comparing it to the count from June 30, 2024. Funds collectively added 3,101,112 shares, raising their total from 150,588,179 to 153,689,291—an increase of approximately 2.06%. The leading funds holding JNJ on September 30, 2024, were:
We will continue to monitor the latest 13F filings by hedge funds and share any noteworthy insights that emerge from comparing data across filing periods. While individual 13F filings may be misleading, aggregating data from multiple funds can provide clearer insights, highlighting stock ideas that warrant further examination, like Johnson & Johnson (Symbol: JNJ).
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See also:
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
