July 27, 2020
13F filings increase transparency and allow individual to see where institutional investors are investing our money. Many small investors also use the filings to see what the "smart money" is doing. 13F filings are "historical" rather than current, because the info comes after the fact. Thus it doesn't allow small investors to "get the jump" on institutional investors, but it DOES all them a window into decisions made by those with greater access to information and contacts.
Please do not reduce transparency. More information made public is a good thing, and the burden of 13F filings is negligible for those currently required to report. Cutting those required to report by nearly 90% is not in the public's best interest.