What is a fund's average buy price?
HedgeFollow's estimate of what a fund paid per share for all the shares it holds, built from every trade in its filings. With today's price above it, the fund is probably in profit on the stock; below it, it's probably losing.
How it's estimated
A 13F doesn't say what a fund paid. So for each quarter we estimate the price of its buys and sells from the stock's average price during the quarter, and build up the cost of the position trade by trade. Prices from faster filings come in too: the trade prices on a Form 4, and the prices around the date of a 13D or 13G.
An estimate
Only the fund knows its true cost. Options, warrants, convertibles, private deals and errors in filings can all throw an estimate off, so it's best read as a ballpark, and across many funds rather than one.
Related pages: How we estimate breakevens (average buy prices), in full