In the dull run up to the Memorial Day weekend, and the official start of Summer, one piece of market moving news is the ritual of the Form F. These are filings that reveal what the secretive and fabulously wealthy hedge fund managers have bought, sold and own for the previous quarter. Unfortunately it’s stale on arrival ( can be 45 days old) but none the less the market will make a big deal of the big kahuna moves.
Form 13F—Reports Filed by Institutional Investment Managers An institutional investment manager that uses the U.S. mail or other means or instrumentality of interstate commerce in the course of its business, and exercises investment discretion over $100 million or more in Section 13f securities explained below must report its holdings on Form 13F with the Securities and Exchange Commission SEC.In general, an institutional investment manager is: 1 an entity that invests in, or buys and sells, securities for its own account; or 2 a natural person or an entity that exercises investment discretion over the account of any other natural person or entity. Institutional investment managers can include investment advisers, banks, insurance companies, broker-dealers, pension funds, and corporations.Form 13F is required to be filed within 45 days of the end of a calendar quarter. The Form 13F report requires disclosure of the name of the institutional investment manager that files the report, and, with respect to each section 13f security over which it exercises investment discretion, the name and class, the CUSIP number, the number of shares as of the end of the calendar quarter for which the report is filed, and the total market value.
via Form 13F—Reports Filed by Institutional Investment Managers.