Hedge Funds’ Growing Interest in Abbott Laboratories: A Closer Look
Recent 13F filings reveal that Abbott Laboratories (Symbol: ABT) is currently held by 18 hedge funds, signaling a potential trend worth exploring.
Before delving into the details, it’s essential to understand that 13F filings only cover long positions required by law. Funds are not obligated to disclose their short positions. For instance, if a fund short-sells shares while also holding long positions, this could lead to misunderstandings about their overall stance. The long positions may indicate bullish sentiment while masking bearish strategies that remain hidden.
Despite this limitation, analyzing groups of 13F filings can provide valuable insights. Let’s examine the shifts in ABT positions across the latest reported period:
Out of the aforementioned funds, 9 increased their investments in ABT shares from June 30, 2024, to September 30, 2024, while 5 chose to reduce their holdings.
Expanding our analysis beyond just these funds, we looked at the total ABT share count among all the hedge funds that held the stock as of September 30, 2024, from a pool of 914 funds. Compared to the June 30, 2024 figures, this analysis revealed a decline in cumulative holdings. The total shares fell from 16,288,095 to 15,378,304, equating to a loss of approximately 909,791 shares or a -5.59% decrease.
As of September 30, 2024, the top three funds holding ABT are:
We will continue to monitor the latest 13F filings to highlight trends and interesting observations among hedge fund managers. Although individual 13F filings may sometimes mislead due to their long position bias, examining the overall trends across multiple funds can yield more insightful stock ideas, such as those presented by Abbott Laboratories (Symbol: ABT).
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Also see:
— Institutional Holders of KDLY
— Top Ten Hedge Funds Holding AMPY
— Funds Holding EMLB
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.