13F
Form 13F is a quarterly report that is required to be filed by all institutional investment managers with at least $100 million in assets under management.
Definition: A 13F report is a quarterly report that institutional investment managers with over $100 million in assets under management must file with the U.S. Securities and Exchange Commission (SEC), disclosing their equity holdings. These reports help investors understand the investment movements of large institutions.
Origin: The origin of the 13F report dates back to 1975 when the U.S. Congress passed the Securities Exchange Act Amendments, requiring large institutional investors to regularly disclose their holdings to increase market transparency and protect investor interests.
Categories and Characteristics: The 13F report mainly includes the following types of information:
- Equity Holdings: Lists all the stocks held by the institutional investor and their quantities.
- Options and Bonds: Sometimes includes holdings of options and bonds.
- Other Securities: Such as ETFs and mutual funds holdings.
Specific Cases:
- Case 1: A hedge fund disclosed in its 13F report that it holds a significant amount of a tech company's stock, leading to a sharp increase in the company's stock price after the report was released.
- Case 2: A pension fund showed in its 13F report that it reduced its holdings in an energy company, causing market concerns about the company's future development and leading to a drop in its stock price.
Common Questions:
- Q: Does the 13F report include all types of securities?
A: It mainly includes stocks but sometimes also options, bonds, and other securities. - Q: How often is the 13F report filed?
A: It is filed quarterly. - Q: How can ordinary investors use the 13F report?
A: By analyzing the changes in holdings of large institutions, they can understand market trends and investment opportunities.
