13F-HR vs 13F-NT: holdings report vs notice
On 13F-HR vs 13F-NT, both are Form 13F report types filed with the US Securities and Exchange Commission (SEC), but only one carries holdings. A 13F-HR is a holdings report that lists a manager's Section 13(f) positions. A 13F-NT is a notice that lists no positions and states that another manager reports them. This guide compares 13F-HR vs 13F-NT across what each contains, who files which, and where the holdings actually sit. It is not investment advice.
Definition
13F-HR versus 13F-NT
are both Form 13F report types. The 13F-HR is the holdings report that lists a manager's Section 13(f) positions. The 13F-NT is a notice, with no holdings, stating that another manager reports them. One shows the positions; the other points to them. Source: SEC.
Who files which report?
A manager that reports its own list of Section 13(f) securities files a 13F-HR holdings report. A manager whose holdings are reported on another manager's 13F-HR, such as a parent or an affiliated adviser in the same group, files a 13F-NT notice instead. A manager reporting some securities itself and some through another manager files a combination report. The report type is the SEC's way of showing who is actually disclosing the positions.
How do they differ?
The split comes down to whether the filing carries holdings at all.
| What to check | 13F-HR | 13F-NT |
|---|---|---|
| Report type | Holdings report | Notice report |
| Lists holdings | Yes, full 13(f) table | No, notice only |
| Filed by | Manager reporting its own holdings | Manager whose holdings another files |
| Deadline | Within 45 days of quarter-end | Within 45 days of quarter-end |
Holdings vs notice
The 13F-HR lists the 13(f) positions; the 13F-NT is a notice that another manager reports them
Source: SEC
Which one should you read?
Read the 13F-HR when you want the positions, because that is where the holdings table lives. Treat a 13F-NT as a signpost: it tells you the manager's holdings are reported elsewhere and points you to the 13F-HR that carries them. A public 13F-HR can also note that some holdings were withheld under 13F confidential treatment, added later in an amendment. For how a 13F compares with other ownership filings, see 13F vs 13D.
Both report types sit on the SEC's EDGAR system, free to read. Flock reads disclosure filings and keeps each one dated and linked to its source, so you can move from a notice to the holdings report it points to in one step. What any of it means for your money is your call to make.
Frequently asked questions
What is the difference between 13F-HR and 13F-NT?
Both are Form 13F report types. A 13F-HR is a holdings report that lists a manager's Section 13(f) positions. A 13F-NT is a notice that carries no holdings and states that another manager reports them. One shows the positions; the other points to where they are reported. Source: SEC.
Which one has the actual holdings?
The 13F-HR holdings report. It contains the table of Section 13(f) securities, the value of each position, and share counts. A 13F-NT is a notice only and lists no positions, so for the holdings you always open the 13F-HR it refers to. Source: SEC.
Do they share a deadline?
Yes. Both a 13F-HR and a 13F-NT are filed within 45 days of the end of each calendar quarter. The reporting period is the same. What differs is whether the filer reports its own holdings or points to another manager who does. Source: SEC.
Where can I read them?
Both report types are filed on the SEC's EDGAR system and are free to read. If you find a 13F-NT for a manager, follow the notice to the 13F-HR that reports the holdings, which you can also search on EDGAR. Source: SEC EDGAR.
Flock tracks these filings, sourced, dated, and linked back to the original. See what smart-money entities disclosed, without the guesswork about what it means.
Disclosures shown are public regulatory filings. Data may be delayed or incomplete. Smart-money entities may no longer hold positions shown. Not investment advice.