July 14, 2020
i am against the higher limited for 13-F reporting from $100M to $3.5B.
I use the 13-F filings for two purposes
1. When I place money with a small manager who says they are value - I want to look at their holdings to insure they are actually value. That is the only way I can be assured and I have many cases when a "value" manager is really a growth manager.
2. I also want to check managers who discuss a stock in Barrons or the Wall Street Journal or on Jim Cramer's CNBC, that they are not selling it in their accounts. I will check this over the next filing to further decide if I will ever listen to this "professional advisor" again.
In summary, the only real verification an individual investor can make if a value manager is a value manager is their 13-F holdings.
Most firms I suspect have this automated so I do not see this as a burden on them.