Analyzing Hedge Fund Attention on Lowe’s Companies Inc: Key Insights from 13F Filings
In our latest review of 13F filings for the reporting period ending September 30, 2024, we’ve found that 12 hedge funds currently hold shares in Lowe’s Companies Inc (Symbol: LOW). When multiple investment firms display similar strategies, it’s worth examining their moves more closely.
It’s crucial to understand that 13F filings provide only a partial view. These reports require hedge funds to disclose their long positions, but not their short positions. A hedge fund that is bearish or shorting a stock may still hold long positions as part of its overall strategy. A fund might appear bullish in a 13F filing, but without visibility into their short positions, we only grasp part of the picture.
Despite this limitation, analyzing the collective data from multiple filings can yield valuable insights. Let’s examine the shifts in Lowe’s position among hedge funds during this latest reporting period.
In total, three funds increased their holdings of LOW shares from June 30, 2024, to September 30, 2024. Conversely, six funds reduced their positions. Notably, Triad Wealth Partners LLC fully exited its investment in LOW by September 30, 2024.
Expanding our review beyond this specific group of funds, we aggregated the total number of LOW shares held by all funds as of September 30, 2024, from a total of 1,382 funds analyzed. Comparing this with their total holdings from June 30, 2024, we observed a decline of 18,525 shares, with the total decreasing from 13,647,427 to 13,628,902 shares—representing a decline of approximately -0.14%. The top three funds holding LOW as of September 30, 2024, were:
As we continue to monitor 13F filings, we will highlight noteworthy trends and stories derived from the aggregate data across these hedge funds. While examining individual 13F filings can be tricky due to their long-only nature, the collective totals from multiple funds can provide more significant insights and present intriguing investment prospects, such as Lowe’s Companies Inc (Symbol: LOW).
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Additional Resources:
• FTHM market cap history
• Institutional Holders of UNVC
• Funds Holding MPV
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
