Linked-13F-Filings

This blog post will discuss Linked 13F Filings, a new market intelligence and trade generation tool. This tool is part of our Semantic Web of Bonds effort which seamlessly links all useful Fixed Income data together.

A Short Form 13F Introduction

Form 13F is one of the more widely known and followed SEC filings. Every quarter all institutional money managers with more than $100MM assets under management must file this report detailing their equity holdings. This report is famous for giving the public a view into what stocks "smart money" is buying and selling.

What does 13F have to with Fixed Income?

Capital Stack Investors

It should come as no surprise to many of you that Hedge Funds often invest up and down the Capital Stack (equity to senior/secured credit). Hedge Fund bond holdings are hard or impossible to get general visibility into. In the Front Office, only trading and repo counterparties have true position data, and only for positions they've recently transacted or lent against. And while these Hedge Fund bond positions can be kept private, their equity positions must be made public via the 13F Filing. What if there was a way to easily link equity and fixed income data for the same issuer? That, gentle reader, is exactly what our Linked 13F Filings tool does. For any bond search you run, we gather all the same-issuer securities (stocks, bonds, converts) for that particular search and run a broad search against recent 13F Filings. If any of the matching 13F Investment Managers are also Capital Stack Investors, you may have just revealed a new possible trading counterparty for the searched bond.

How to Use

You don't have to do anything new or different. Search for bonds as you normally do on Empirasign. Whenever we can link a bond to a recent 13F Filing, you'll see the Linked 13F Filings button. This is circled in red in the screenshot below.

URL for page displayed above: www.empirasign.com/secid/US001055AD49/

Upon clicking the Linked 13F Filings button you'll be directed to a page showing all the Investment Managers with positions in the same issuer. If any of them look familiar to you as Capital Stack Investors, you may have found a Fixed Income trading counterparty you previously did not know about. Search, click, and profit.

URL for page displayed above: www.empirasign.com/linked-13f-filings/US001055AD49/

Another Semantic Web of Bonds Update

Money Market Fund data is now linked to our Matching the World algorithm. This can be accessed directly at the following links (login required).

• www.empirasign.com/all-matchers/ (Structured Products)
• www.empirasign.com/all-matchers-corp/ (Corporate Bonds)

You can read about how we do this on our blog:
www.empirasign.com/blog/Matching-the-World/