Learn about FundFollower's process, assumptions made, and how we inform investors so they can make make better decisions.
FundFollower was created to democratize access to institutional investment data, allowing investors to benefit from the research and strategies of the world's top investment professionals.
We track the portfolios of elite institutional investors and hedge funds, through their public filings, disclosures, and public discussions.
These institutions, referred to as "super funds", are characterized by their history of outperforming the market, active management of large pools of capital, and placement of heavily weighted, focused positions.
To enable improved investment decisions and maximised returns, we provide custom portfolio creation tools, real-time news about market movements and investor actions, and actionable insights derived from accurate, up-to-date data.
Create personalized investment portfolios
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Access verified data from public filings
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13F filings are released quarterly, anytime between the final day of the quarter and 45 days after. They reflect the total US-listed holdings of the fund at the end of the quarter.
As these filings are not available until after the end of the quarter, the holdings in them could change after submission at any time, and the fund would not have to submit their changes untill the next quarter's deadline. This could mean the fund adds to their holdings, sells some of their holdings, or both.
However, given most funds are not active traders, the changes are usually made with an intention of holding the position for the long term. They typically allocate for, at a minimum, multiple quarters, but more commonly many years.
As 13F submissions are made to represent the holdings on the final daya of a given quarter, displaying the shares held and the reported value of the shares, the purchase price of assets cannot be known exactly. Additionally, the reported value of the shares is the market value of the shares at the end of each quarter, and not the price at which the shares were purchased.
This means that all current returns displayed on the site are relative to the end of the previous quarter, assuming the same quantity of assets are held as at the end of the previous quarter.
These displayed returns can be deceptive if the user does not know that they are only for the period since the previous quarter. Most funds can make significant gains over a number of quarters, and then could lose a fraction of the gains over one quarter. Such losses would make the fund seem unprofitable in the reported return figures displayed, when in fact the fund is still performing well.
FundFollower aggregates public SEC filings and disclosures from institutional investors, processes this data through our analytics engine, and presents accurate up-to-date data in intuitive formats.
Institutional investors with $100 million or more in Assets Under Management (AUM) must file 13F forms quarterly with the SEC. These filings are due within 45 days after the end of each quarter (03/31, 06/30, 09/30, and 12/31) and disclose all U.S. equity holdings. Additionally, investment managers file Form 13D when acquiring more than 5% of a company's shares with activist intent, or Form 13G for passive investments.
Using these filings, we can track the portfolio of the fund, and provide a detailed view of the fund's holdings. We can see if funds are placing large bets on a given company or sector; we can see if funds are significantly reducing their holdings in preparation for a market drawdown; and we can observe the actions of the most succesful funds and copy their strategies.
Column Header | Table | Definition |
|---|---|---|
| Fund Name | Institutions | The name of the institutional fund |
| Investor | Institutions | The primary investment manager or decision maker |
| Report Date | Institutions | The quarter of the most recent 13F filing |
| Assets | Institutions | The number of different assets held at the latest submission |
| Reported Holdings | Institutions | The total dollar value of holdings as reported in the most recent 13F filing |
| Return Value | Institutions | The return on this asset since the end of the quarter |
| Return % | Institutions | The return on this asset since the end of the quarter |
| Company | Latest Holdings | The name of the company |
| Position | Latest Holdings | The type of position (Equity, Put, Call, Bond, etc.) |
| Activity | Latest Holdings | The percentage change in share holdings from the previous quarter |
| Shares | Latest Holdings | The number of shares held by the institution |
| Port. % | Latest Holdings | The percentage of the institution's portfolio as reported for the end of the quarter |
| Rep. Price | Latest Holdings | The price of the asset as reported at the end of the quarter |
| Curr. Price | Latest Holdings | The current market price of the asset |
| Rep. Value | Latest Holdings | The dollar value of the position at the end of the quarter |
| Curr. Value | Latest Holdings | The current market value of the position |
| Return Value | Latest Holdings | The return on this asset since the end of the quarter |
| Return % | Latest Holdings | The return on this asset since the end of the quarter |
| Company | Quarterly Changes | The name of the company |
| Change | Quarterly Changes | The type of change (New = New position, Add = Increased extant position, Reduce = Decreased extant position, Sell = Sold whole position) |
| Shares Δ | Quarterly Changes | The change in number of shares held |
| Rep. Value Δ | Quarterly Changes | The change in reported value, relative to the previous quarter |
| Super Fund | Stock Details | The name of the institution holding the asset |
| Shares | Stock Details | The number of shares held |
| Curr. Value | Stock Details | The dollar value of shares held by an institution |
| Port. % | Stock Details | The percentage of a fund's portfolio allocated to this stock |
| Activity | Stock Details | The percentage change in share holdings from the previous quarter |
| Company | Top Assets | The name of the company in which the assets are held |
| Funds | Top Assets | The number of funds that hold the asset |
| Total Shares | Top Assets | The total number of shares of this asset held by all funds at the end of the quarter |
| Net Activity | Top Assets | The percentage change in shares held since the end of the previous quarter across all funds |
| Report Price | Top Assets | The price off the company which funds reported this asset to be at the end of the quarter |
| Return Value | Top Assets | The return on this asset since the end of the quarter |
| Return % | Top Assets | The return on this asset since the end of the quarter |