What is a CUSIP number?

A CUSIP is a 9-character alphanumeric code that uniquely identifies a security. The first 6 characters identify the issuer, characters 7-8 identify the specific issue, and the 9th is a check digit. Track13F resolves CUSIPs to tickers automatically.

What does 'SH' vs 'PRN' mean in share type?

SH means Shares, so the filing reports a number of shares held. PRN means Principal, so the filing reports a dollar principal amount, typically for convertible bonds or notes.

What is investment discretion?

SOLE means the filer has full authority over the position. SHARED (DFND) means discretion is shared with another manager. OTR (other) means a third party directs the investment.

How to Read a 13F Filing

A 13F filing consists of a cover page and an information table. Here's how to interpret every field in the information table, the part that actually lists the holdings.

The Information Table Columns

Each row in the 13F information table represents one position. The columns are:

1. Name of Issuer

The legal name of the company or security issuer. This is often abbreviated or uses an older legal name (e.g., "FACEBOOK INC" instead of Meta Platforms). Track13F normalizes these to current company names.

2. Title of Class

Identifies the specific share class: "COM" for common stock, "CL A" for Class A shares, "CL B" for Class B, "CALL" or "PUT" for options. Some companies have multiple classes with different voting rights (e.g., Alphabet has GOOGL Class A and GOOG Class C).

3. CUSIP Number

The 9-digit identifier for the security. This is the most reliable way to match positions across filings and funds. Track13F maintains a CUSIP-to-ticker mapping that resolves thousands of CUSIPs to current stock tickers.

4. Market Value

The total market value of the position in thousands of US dollars. A value of "61,961,735" means $61.96 billion. This is calculated using the closing price on the last day of the quarter.

5. Shares or Principal Amount (SH/PRN)

The number of shares held (if "SH") or the principal amount in dollars (if "PRN"). Most equity positions use SH. Convertible bonds and certain debt instruments use PRN.

6. Put/Call Indicator

If the position is an options contract, this field indicates whether it's a "Put" or "Call." Blank means the position is common stock or another non-options security.

7. Investment Discretion

Indicates who controls the investment decision:

SOLE: the filer has sole discretion
SHARED (DFND): discretion is shared with another manager
OTHER: a third party directs the investment

8. Voting Authority

Three sub-columns report how many shares the filer can vote:

Sole: shares the filer votes alone
Shared: shares voted jointly with another party
None: shares where the filer has no voting power

Reading Position Changes

A single 13F filing is a snapshot. The real insight comes from comparing consecutive quarters. Track13F computes these changes automatically:

NEW: position didn't exist last quarter
INCREASED: more shares than last quarter
DECREASED: fewer shares than last quarter
UNCHANGED: same share count
SOLD: position existed last quarter but is gone

See these changes in action on any fund detail page or in the trending activity feed.

Where to Find 13F Filings

Raw 13F filings are available on SEC EDGAR. Track13F parses and normalizes this data so you don't have to read XML. Browse our recent filings feed or search for a specific fund.