What is Form 13F (Form13F)? : If you know how to read it, you can get important information on investing in US stocks!

Investing with moomoo wrote a column · May 20, 2021 01:54

If you have started investing in US stocks or are considering investing,Form 13FYou've probably seen the word before?

To explain in a nutshell, “Form 13F” is a document describing the number of stocks held by large institutional investors, such as US stocks, as of the end of the quarter.

For individual investors, trends in large institutional investors are important information to refer to when investing in US stocks. What's more,Form 13F is information that can be obtained regularly and for freeThat's it. Let's take this opportunity to learn the advantages of using Form 13F and master how to read it!

What is Form 13F?

The US Securities and Exchange Commission (SEC) requires large institutional investors holding US stocks, etc. to disclose their assets on a quarterly basis. The document to be submitted is Form 13F.

The quarter for large institutional investors is overwithin 45 daysForm 13F must be submitted to

Detailed instructions are posted on the SEC website (English). If you are interested, please refer to the following site.

US Securities and Exchange Commission (SEC)”Frequently Asked Questions About Form 13F」

Who is required to submit Form 13F?

The obligation to submit Form 13F is for designated listed securities such as US stocksOver $100 millionIt is an institutional investor who has the discretion to invest. These institutional investors include banks, insurance companies, investment advisors, and hedge funds, as well as companies and pension funds that manage their own investment portfolios. Overseas institutional investors are also eligible.

Designated listed securities include US listed stocks and ETF (exchange-traded fund) stocks such as the New York Stock Exchange and NASDAQ Stock Exchange, as well as specific convertible bonds, stock options, warrants, etc.

What do you know on Form 13F?

The submitted Form 13F can also be viewed by the general public. The documents include the following information:

• Listed securities held

• The type of publicly traded securities held (common stock, put/call options, variety stocks, convertible bonds, etc.).

• Number of shares held

• Market value of listed securities at the end of the quarter

How to read Form 13FThis articleIt has been summarized in detail at

How to use Form 13F for investment?

Form 13F aims to increase investors' confidence in the health of the US securities marketProviding investors with broad market informationIt was stipulated for the purpose.

Trends in large institutional investors greatly influence stock prices, and are also important reference information for reading market trends.Small-scale investors, such as individuals, will be of great reference when deciding investment strategy guidelines by grasping the trends of large institutional investors.

However, large institutional investors are required to disclose only stocks they hold relating to investments that they have discretion over. Also, since these are not stocks traded during the quarter, only stocks held as of the end of the quarter,Not all information about large institutional investors' transactions is knownHowever, you need to be careful.

Stocks held by famous investors such as Mr. Buffett and hedge funds have also been revealed!

Therefore, when referring to trends among large institutional investors on Form 13F, it is a good idea to focus on funds that tend to hold securities over the medium to long term.

For example,“God of Investment” Berkshire Hathaway led by Warren BuffettandNVIDIA, which can be said to be the high-tech company with the most momentum right now, also disclosed the stocks it ownsI'm doing it.What kind of stocks did Mr. Buffett find value (sense of undervaluation) in, and which companies is NVIDIA evaluatingetc., will be obvious at a glance!

Furthermore, do you know holdings such as Bridgewater Associates led by hedge fund Ray Dalio, Arc Investment Management led by Kathy Wood, Renaissance Technologies founded by mathematician Jim Simmons, Point72 Asset Management led by asset owner Steve Cohen, and Elliot Management known as a globally influential activist (speaking investor) I'll do it.

Compared to Form 13F released at the end of last quarter, theyIt is also clear which stocks did hedge funds buy and to what extent, and which stocks they soldIt becomes.

Where can I check Form 13F?

So how can I view Form 13F?

Primary information can be obtained by searching the SEC's online public database “EDGAR (Edgar)”.

• SEC “EDGAR”

https://www.sec.gov/edgar/searchedgar/companysearch

However, this is of course written in English. Also, it is necessary to search by entering the name of the fund you want to search in English, and disclosure documents other than Form 13F are also posted, so it may be troublesome until you get used to it.

By the way, if you search for BERKSHIRE HATHAWAY disclosure documents on SEC's EDGAR, it looks like this.

What is Form 13F (Form13F)? : If you know how to read it, you can get important information on investing in US stocks!

Moreover, the form 13F of BERKSHIRE HATHAWAY is displayed like this.

The same brand has been listed multiple times, so it's a bit difficult to understand.

So how about the chart below? Based on the same disclosure informationChart created by Moomoo SecuritiesIt is.

This articleThen, in addition to this chart, I will also describe the notable brand called Chubb, which Mr. Buffett had newly purchased,Institutional investors' portfolios can now be easily understood.

Also, the moomoo app's “Market” → “US Stocks” →”Institutional Investor TrendsOnce you enter”, you can browse information at once, including stocks held by popular asset management companies, industry distribution of stocks held, stock market value, etc.

In this way, MOOMOO focuses on institutional investors that investors should know, and introduces information such as stocks held in an easy-to-understand manner. We will continue to update useful articles for your investment activities from time to time. Please use moomoo!

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more