13F position change
The difference between one quarterly holdings report and the previous one for the same manager.
Updated 2026-07-26
A position change is computed, not filed. We take a manager's holdings at two consecutive quarter ends and classify each security as newly reported, no longer reported, increased or decreased.
The wording is deliberate. "No longer reported" is not the same as "sold": a position can drop out because it fell below a reporting threshold, because the security stopped being covered by the requirement, or because the manager's filing obligation changed. Calling that a sale invents an event that no document describes.
Because the underlying reports are quarter-end snapshots, everything that happened inside the quarter is invisible. A position bought and sold entirely within one quarter leaves no trace in either report.
Related terms
3 entries- CUSIP
- A nine-character identifier for a specific security issued in the United States or Canada.
- Disclosure lag
- The gap between the date something happened and the date it became public.
- Form 13F
- A quarterly report in which a large institutional manager lists the U.S. equity positions it held on the last day of the quarter.