Hedge Funds Show Interest in Applied Materials: A Closer Look
Recent 13F filings reveal a notable trend in hedge fund investments for Applied Materials, Inc. (Symbol: AMAT). Fourteen funds reported holding shares of the company as of September 30, 2024. When many hedge fund managers align in their investment choices, it often warrants further investigation.
It’s essential to remember that 13F filings only disclose long positions, leaving out short bets that may provide a fuller picture of a fund’s strategy. A fund might show a long position in AMAT while simultaneously holding a short position, which could mislead investors about their true sentiment on the stock.
Despite this limitation, analyzing groups of 13F filings can yield valuable insights. Let’s examine how AMAT positions have changed among these funds during the latest reporting period:
| Fund | New Position? | Change In Share Count | Change In Market Value ($ in 1000’s) |
|---|---|---|---|
| China Universal Asset Management Co. Ltd. | Existing | –1,533 | –$1,269 |
| Boston Financial Management LLC | Existing | UNCH | –$163 |
| Traynor Capital Management Inc. | Existing | +393 | –$116 |
| abrdn plc | Existing | +13,014 | –$31,485 |
| Cantor Fitzgerald Investment Advisors L.P. | NEW | +3,864 | +$781 |
| SFE Investment Counsel | Existing | –225 | –$561 |
| Smith Group Asset Management LLC | Existing | +580 | +$4 |
| Worth Financial Advisory Group LLC | Existing | –302 | –$231 |
| Pallas Capital Advisors LLC | Existing | –595 | –$2,174 |
| Sandy Spring Bank | Existing | –29 | –$53 |
| Fort Washington Investment Advisors Inc. OH | Existing | –2,090 | –$737 |
| Milestone Asset Management LLC | NEW | +6,248 | +$1,262 |
| Aspire Private Capital LLC | Existing | UNCH | –$26 |
| Center For Asset Management LLC | Existing | +22 | –$54 |
| Aggregate Change: | +19,347 | –$34,822 | |
Factoring in shares, four funds increased their positions in AMAT between June 30, 2024, and September 30, 2024. Conversely, six funds decreased their holdings, while two established new positions.
Expanding our analysis beyond this select group, we examined the entire pool of funds holding AMAT shares as of September 30, 2024—2,003 funds in total. This revealed an increase of 2,058,647 shares held, raising the total from 22,976,216 to 25,034,863. This marks an increase of approximately 8.96%. The largest three funds in terms of AMAT holdings as of September 30, 2024, were identified.
We will continue to monitor the latest 13F filings from hedge fund managers, highlighting trends and conclusions drawn from the collective data across various groups. Although single filings could mislead due to their long-only focus, aggregating this information across funds from different reporting periods can present a clearer, more relevant picture, making Applied Materials an interesting stock worth investigating further.
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Also see:
• MTGE shares outstanding history
• GNLN Split History
• Top Ten Hedge Funds Holding TCHF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
