A 13F filing is a quarterly disclosure required by the U.S. Securities and Exchange Commission (SEC) for institutional investment managers who exercise investment discretion over $100 million or more in qualifying assets. These filings must be submitted within 45 days of the end of each calendar quarter and are made publicly available through the SEC's EDGAR database. Filers include hedge funds, mutual fund companies, pension funds, insurance companies, bank trust departments, endowments, and registered investment advisors. The 13F reveals every equity position the institution holds, including the number of shares owned and the market value of each position as of the quarter's end date. This transparency was mandated by Congress in 1975 through amendments to the Securities Exchange Act, with the goal of increasing public confidence in U.S. securities markets by making institutional investment activity visible to all market participants.
Institutional investors collectively manage trillions of dollars and conduct extensive research before committing capital. Tracking their holdings provides a window into where the most well-resourced analysts and portfolio managers see value. The concept of "following the smart money" is grounded in the idea that institutions have access to superior research capabilities, proprietary data, and deep industry expertise that individual investors typically lack. When multiple major institutions increase their positions in the same stock, it can signal broad conviction in the company's long-term prospects. Conversely, widespread institutional selling may indicate deteriorating fundamentals that haven't yet been fully reflected in the stock price. Institutional ownership levels also affect a stock's liquidity, volatility, and price stability. Stocks with high institutional ownership tend to have tighter bid-ask spreads and more orderly trading, while stocks with low institutional interest may be more prone to sharp price swings.
When analyzing 13F data, it is important to look beyond raw share counts and consider the context. An institution increasing its position, often referred to as "accumulation," may indicate growing confidence in the company's fundamentals, an attractive valuation, or anticipation of a positive catalyst. Decreasing positions, or "distribution," could signal profit-taking after a strong run, portfolio rebalancing, or concern about the company's outlook. New positions are particularly noteworthy because they represent a fresh conviction buy, meaning the institution conducted new analysis and decided the stock warranted capital allocation. Comparing quarter-over-quarter changes helps you identify trends: is the institution steadily building a larger stake, or was it a one-time purchase? Keep in mind that 13F data has an inherent time lag since filings are made up to 45 days after quarter-end, so the positions you see may be several weeks old by the time they become public.
Our tracker includes data from the largest and most influential institutional investors in the world. These include BlackRock, the world's largest asset manager with over $10 trillion in assets under management; Vanguard Group, known for its index funds and low-cost investment philosophy; Fidelity Investments, a major mutual fund and brokerage firm; State Street Global Advisors, managers of the SPDR family of ETFs; Berkshire Hathaway, Warren Buffett's legendary investment vehicle; Bridgewater Associates, the world's largest hedge fund; Citadel Advisors, one of the most prominent quantitative hedge funds; Renaissance Technologies, famous for its Medallion Fund; and dozens of other hedge funds, pension funds, and asset managers that file 13F reports. You can search for any stock to see which of these institutions hold it, or browse individual fund portfolios to see their complete holdings.
Institutional holdings data is most powerful when combined with other forms of analysis. Pair 13F data with fundamental metrics like price-to-earnings ratios, revenue growth rates, and profit margins to understand why institutions are buying or selling. Overlay technical analysis to identify optimal entry points when institutional accumulation aligns with bullish chart patterns such as breakouts from demand zones or ascending bases. Monitor earnings calendar data to see whether institutional buying preceded a strong earnings report, which can validate the "smart money" thesis. Cross-reference trending stock data to spot situations where retail enthusiasm and institutional conviction converge on the same ticker, creating a powerful confluence of demand that can drive sustained price appreciation. Our platform integrates all of these tools so you can build a comprehensive, multi-factor view of any stock.
Because 13F filings are submitted quarterly with a 45-day grace period, the data inherently reflects positions from several weeks in the past. For example, a filing for the quarter ending March 31st may not be submitted until mid-May. Our system automatically pulls the latest filings from SEC EDGAR as they become available, ensuring you always see the most current data possible. Despite the time lag, 13F data remains highly valuable because institutional investors tend to hold positions for months or years, so the quarterly snapshots provide a reliable picture of their long-term convictions. For more time-sensitive institutional activity, traders can supplement 13F data with Form 4 insider transaction filings and 13D/13G beneficial ownership reports, which are filed on a more immediate basis.
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