See Which Of The Latest 13F Filers Holds NextEra Energy

At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 12/31/2021 reporting period, and noticed that NextEra Energy Inc (Symbol: NEE) was held by 14 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 NEE positions, for this latest batch of 13F filers:

Fund New Position? Change In Share Count Change In Market Value ($ in 1000’s)
Kistler Tiffany Companies LLC Existing +3 +$55
All Season Financial Advisors Inc. Existing 115 +$69
Stanley Laman Group Ltd. NEW +2,239 +$209
Isthmus Partners LLC Existing 5,909 $343
Braun Stacey Associates Inc. Existing +8,853 +$5,033
Burleson & Company LLC Existing +4 +$31
Epiq Partners LLC Existing UNCH +$389
Meyer Handelman Co. Existing 4,800 +$4,332
Alley Co LLC Existing +2,453 +$2,191
Montgomery Investment Management Inc. Existing 1,420 +$419
Moseley Investment Management Inc. Existing +1,660 +$698
Reuter James Wealth Management LLC NEW +3,181 +$297
Signaturefd LLC Existing +5,525 +$1,199
BlueSky Wealth Advisors LLC NEW +3,080 +$288
Aggregate Change: +14,754 +$14,867

In terms of shares owned, we count 6 of the above funds having increased existing NEE positions from 09/30/2021 to 12/31/2021, with 4 having decreased their positions and 3 new positions. Worth noting is that Wallington Asset Management LLC, included in this recent batch of 13F filers, exited NEE common stock as of 12/31/2021.

Looking beyond these particular funds in this one batch of most recent filers, we tallied up the NEE share count in the aggregate among all of the funds which held NEE at the 12/31/2021 reporting period (out of the 1,010 we looked at in total). We then compared that number to the sum total of NEE shares those same funds held back at the 09/30/2021 period, to see how the aggregate share count held by hedge funds has moved for NEE. We found that between these two periods, funds reduced their holdings by 1,124,793 shares in the aggregate, from 41,397,390 down to 40,272,597 for a share count decline of approximately -2.72%. The overall top three funds holding NEE on 12/31/2021 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 NextEra Energy Inc (Symbol: NEE).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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