Turning Filings into Ideas

Filings work best as a source of research ideas. Here is how to filter them for the strongest clues, from concentrated new positions to insider buying clusters, and how to check an idea before acting.

Signals worth a closer look

SignalWhy it may matter
A new position that is a large share of a concentrated portfolioShows high conviction
Several respected long-term managers buying the same stockIndependent agreement
Cluster buying by insiders on Form 4People with inside knowledge spending their own cash
A new 13D activist stakeChange may be coming

Signals prompt research; they do not replace it.

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