At Holdings Channel, we have reviewed the latest batch of the 24 most recent 13F filings for the 03/31/2025 reporting period, and noticed that Home Depot Inc (Symbol: HD) was held by 19 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look.
Before we proceed, it is important to point out that 13F filings do not tell the whole story, because these funds are only required to disclose their long positions with the SEC, but are not required to disclose their short positions. A fund making a bearish bet against a stock by shorting calls, for example, might also be long some amount of stock as they trade around their overall bearish position. This long component could show up in a 13F filing and everyone might assume the fund is bullish, but this tells only part of the story because the bearish/short side of the position is not seen.
Having given that caveat, we believe that looking at groups of 13F filings can be revealing, especially when comparing one holding period to another. Below, let’s take a look at the change in HD positions, for this latest batch of 13F filers:
FundNew Position?Change In Share CountChange In Market Value ($ in 1000’s)
Symphony Financial Services Inc.
Existing
+53–$12Regal Investment Advisors LLC
Existing
–1,029–$491Select Asset Management & Trust
Existing
UNCH–$22Capital World Investors
Existing
–5,663,141–$2,518,469Capital Research Global Investors
Existing
–483,016–$457,296Capital International Sarl
Existing
–17,859–$8,017Capital International Ltd. CA
Existing
–14,562–$6,218Capital International Inc. CA
Existing
–24,525–$11,534Capital International Investors
Existing
+423,554+$58,007Eubel Brady & Suttman Asset Management Inc.
Existing
+14–$25Capital Group Private Client Services Inc.
Existing
+29,785+$10,829Capital Group Investment Management PTE. LTD.
Existing
–3,472–$1,459Connors Investor Services Inc.
Existing
–109–$71Traynor Capital Management Inc.
Existing
+456–$898Covestor Ltd
Existing
+4–$9Koa Wealth Management LLC
Existing
–68–$132Addison Advisors LLC
Existing
–9–$99Allianz SE
Existing
+46–$778Kerusso Capital Management LLC
Existing
+213–$107Aggregate Change:
–5,753,665–$2,936,801
In terms of shares owned, we count 8 of the above funds having increased existing HD positions from 12/31/2024 to 03/31/2025, with 10 having decreased their positions.
Looking beyond these particular funds in this one batch of most recent filers, we tallied up the HD share count in the aggregate among all of the funds which held HD at the 03/31/2025 reporting period (out of the 4,507 we looked at in total). We then compared that number to the sum total of HD shares those same funds held back at the 12/31/2024 period, to see how the aggregate share count held by hedge funds has moved for HD. We found that between these two periods, funds increased their holdings by 20,186,301 shares in the aggregate, from 293,033,159 up to 313,219,460 for a share count increase of approximately 6.89%. The overall top three funds holding HD on 03/31/2025 were:
We’ll keep following the latest 13F filings by hedge fund managers and bring you interesting stories derived from a look at the aggregate information across groups of managers between filing periods. While looking at individual 13F filings can sometimes be misleading due to the long-only nature of the information, the sum total across groups of funds from one reporting period to another can be a lot more revealing and relevant, providing interesting stock ideas that merit further research, like Home Depot Inc (Symbol: HD).
10 S&P 500 Components Hedge Funds Are Buying »
Also see:
PAA Split History GANX Stock Predictions Funds Holding KSU
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
