Hedge Funds Show Interest in Prudential Financial: What the Latest Filings Reveal

Recent data from the 13F filings dated 12/31/2024 shows that Prudential Financial Inc (Symbol: PRU) is a favorite among hedge funds. Seven of these funds reported holding positions in the company, prompting us to take a closer look at this trend.

Understanding 13F Filings: A Partial Picture

It’s essential to remember that 13F filings disclose only long positions. Funds do not have to report their short positions, which can give an incomplete perspective on their market views. For instance, if a fund is shorting a stock while also holding a long position, it may appear bullish based solely on its 13F filing, even if its overall strategy is bearish.

Prudential Financial’s Fund Positions: A Snapshot

Despite the limitations of these filings, examining groups of 13F reports can reveal valuable insights, particularly when comparing different time frames. In this latest review, we noted that two funds increased their positions in PRU from 09/30/2024 to 12/31/2024. Conversely, one fund decreased its position, while three registered new holdings.

Aggregate Changes in PRU Holdings

We further analyzed the overall share count for PRU across all 4,299 funds that reported holdings on 12/31/2024. Comparing this to the figures from 09/30/2024, we found that hedge funds increased their PRU holdings by a total of 829,499 shares, rising from 64,494,814 to 65,324,313 shares—a growth of approximately 1.29%. The top three funds holding PRU on 12/31/2024 made significant contributions to this increase.

Looking Ahead: What’s Next for Hedge Fund Insights?

We will continue to monitor the latest 13F filings from hedge fund managers and highlight noteworthy trends. Although individual filings may sometimes misrepresent a fund’s stance due to the focus on long positions, analyzing the overall groups provides deeper insights. This method offers promising stock ideas worth investigating, such as Prudential Financial Inc (Symbol: PRU).

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• KLXI market cap history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.