AN EXAMINATION OF 13F FILINGS

Anne Anderson and Paul Brockman

Journal of Financial Research, 2018, vol. 41, issue 3, 295-324

Abstract: We examine Form 13F institutional holdings and find evidence of reporting discrepancies that can be significant for the users of such filings. Using a hand‐collected sample of 13F filings by large bank holding companies, we find that (1) reported security holdings do not always match the U.S. Securities and Exchange Commission's Official List, (2) market valuations of Official List securities can be inaccurate, and (3) amended 13F reports can be even less accurate than the original reports. Our findings show that in many cases, the frequencies and magnitudes of price discrepancies can be substantial. Overall, our evidence suggests that 13F users should exercise caution when relying on these reports.

Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1111/jfir.12150

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jfnres:v:41:y:2018:i:3:p:295-324

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0270-2592

Access Statistics for this article

Journal of Financial Research is currently edited by Jayant Kale and Gerald Gay

More articles in Journal of Financial Research from Southern Finance Association Contact information at EDIRC., Southwestern Finance Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().