![]() ![]() ![]() Most of them won’t even tell their own family members this document exists. “America’s richest investors have done everything they can to keep it off-limits from regular folks like you and me. “Even though it has been publishing it for the past 38 years, 99% of Americans don’t know it exists. “The government has been publishing it since 1975 at a non-descript Federal office located at 100 F Street in Washington, D.C., just three miles from the White House. “The good news is this document could have a huge impact on your wealth this year. “The story behind this little-known document might make you angry, especially if you’re tired of Wall Street’s rigged game. ![]() “Why America’s rich elite will do anything to keep this document out of your hands… Which seems to be the point of this teaser pitch - though of course, it has to be a “secret” or it wouldn’t be any fun! Here’s a bit of the spiel just to give you a taste: Surprising new additions or sales of existing positions can certainly move stocks on the day that these 13F filings come out, but that’s definitely the exception (and, of course, the portfolio that’s being disclosed is about six weeks old when these are released - so they could be impacting stocks that the original superstar investor doesn’t even own any more).Īnd many of these folks have truly massive, diversified portfolios of dozens or hundreds of stocks under their management so there’s plenty of room for smaller stocks or smaller transactions or less-well-known investors to fly under the radar to some degree. It’s definitely interesting to see the changes in portfolios as big investors shuffle their deck chairs and buy or sell, but the most prominent ones are also widely reported on CNBC and in the investing pundit universe in general and there are a large number of websites and newsletters that track 13F filings to try to turn up exciting info. Of course, everyone who wants it can get it for free from the SEC’s Edgar database so it’s not that valuable. They don’t have to disclose positions that aren’t traded in the US, and they can occasionally get permission to keep one of their investments secret for a bit longer (as Buffett does from time to time when he’s in the midst of trying to build a large position at quarter-end and doesn’t want to boost the price up, I think he last did that when he was buying IBM shares for Berkshire but my memory might be faulty), but other than the fact that this data comes with a time lag that is quite substantial for some investors it is genuinely valuable information. The SEC data they talk about in the ad, by the way, are the 13F filings - generally these are due 45 days after the quarter end from all institutional investors and fund managers, which is why we know quite a bit about the holdings of Warren Buffett or Carl Icahn and most of the other celebrity investors and hedge fund managers, similar to the quarterly disclosures by mutual fundsd. This latest pitch coming through from the Wealth Daily folks, for Jimmy Mengel’s The Crow’s Nest advisory, has caught the attention of plenty of Gumshoe readers - it starts with a long spiel about tapping into the “secret” holdings of billionaires by using a SEC disclosure rule that these rich folks are all fighting tooth and nail, but then settles in to tease us about a few specific investments that they think will boom (and that they found, presumably, in the pages of these SEC disclosures). ![]()
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