In the previous section, we introduced Form 13F.

By reading the 13F filings, retail investors can see top Wall Street institutions’ portfolios and changes in their holdings from quarter to quarter to gain investment ideas and learn strategies from leading investors.

However, which 13F should I analyze among the thousands filed every quarter?

To answer this question, we need to know the funds’ investment strategies first.

A fund’s strategy will affect how its manager trades stocks and build portfolios.

The chart shows the top 20 hedge funds by assets managed in 2021. They are all well-known institutions, such as Bridgewater Associates and Renaissance Technologies LLC.

Can I just buy the same stocks on their 13F filings?

Of course not. Hedge…