Filings & regulation
Form 13F
A quarterly disclosure of US equity holdings by institutions managing over $100 million.
How it works
It is the reason the public can see what large funds own. Filings are due 45 days after quarter end, so the data is always at least six weeks stale and up to four and a half months old.
Changes between quarters — new positions, additions, exits — are usually more informative than the holdings list itself.
Where it misleads people
13F shows long US equity positions only. Short positions, bonds, options, cash and non-US holdings are absent, so the picture of a fund’s actual exposure can be badly incomplete.
Related terms
- Regulatory filingA document a company or investor is legally required to submit and make public.
- Institutional investorAn organisation investing on behalf of others: pension funds, insurers, endowments and asset managers.
- Insider dealing and disclosureTrading by company insiders, which is legal when disclosed and illegal when based on private information.
More in Filings & regulation
- Financial statements
- Annual report
- Investor compensation scheme
- Suitability and appropriateness
- Know your customer
- Material event filing
- Quarterly report
- Material information
All 12 Filings & regulation terms · The full glossary, 433 terms
Educational reference only. Nothing here is investment advice or a recommendation to buy or sell anything, and tax treatment depends on your own circumstances and the country you are in.