Disclaimer

Not Investment Advice

The information provided on FilingFrog is for informational and educational purposes only. Nothing on this website should be construed as:

• Investment advice or recommendations
• Financial advice or guidance
• Legal or tax advice
• An offer or solicitation to buy or sell any securities
• A recommendation to follow any particular investment strategy

FilingFrog is not a registered investment advisor, broker-dealer, or financial planner. We do not have a financial or professional relationship with any user of this Service and do not provide advice tailored to any individual's situation, goals, or risk tolerance.

Always conduct your own research and consult with a qualified financial advisor, accountant, or attorney before making any investment decisions.

Data Source & Accuracy

All data displayed on FilingFrog is sourced from the SEC's EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system, which is publicly available.

While we strive to present this data accurately, we cannot guarantee:

• The completeness or accuracy of the data
• That all filings are processed without errors
• Real-time availability of new filings
• The accuracy of derived calculations (such as percentage changes, concentration ratios, or aggregate totals)
• That data errors present in the original SEC filings will be detected or corrected

For official and authoritative data, always refer to the original SEC filings at sec.gov/edgar.

Limitations of 13F Data

SEC Form 13F filings have inherent limitations that users should understand:

• 45-Day Delay: 13F filings are due 45 days after the end of each calendar quarter. The positions shown may no longer reflect current holdings.
• Long Positions Only: 13F filings only report long positions in certain qualifying securities. Short positions, many derivative instruments, and certain other holdings are not reported.
• Minimum Threshold: Only institutional investment managers with at least $100 million in qualifying assets are required to file.
• Confidential Treatment: Some positions may be omitted or delayed if the filer has been granted confidential treatment by the SEC.
• Aggregated Holdings: Some filings represent aggregated holdings across multiple funds or accounts managed by the same entity.
• Self-Reported Data: The accuracy of 13F filings depends on the filer. Errors, amendments, and omissions in the original filing will be reflected in the data shown here.

Limitations of NPORT-P Fund Data

NPORT-P filings are submitted monthly by registered investment companies but are subject to specific limitations:

• Quarterly Public Availability: Only the third month of each fiscal quarter is made publicly available by the SEC. Filings for the first and second months of each quarter are not publicly disclosed.
• Point-in-Time Snapshot: Holdings represent positions as of the filing date and may not reflect current fund composition or allocations.
• Self-Reported Classifications: Asset categories, valuations, fair value levels, and security identifiers are self-reported by the fund registrant and have not been independently verified.
• Derived Calculations: Concentration ratios, net asset values, and other derived metrics are computed from reported data and may differ from official fund performance or valuation figures published by the fund itself.
• Not Performance Data: NPORT-P data reflects disclosed holdings, not fund performance, total returns, or risk characteristics.

Limitations of Schedule 13D / 13G Data

Schedule 13D and 13G filings disclose beneficial ownership of more than 5% of a registered class of securities. Users should be aware of the following limitations:

• Filing Deadlines: Schedule 13D filers are required to file within 10 calendar days of crossing the 5% ownership threshold. Positions shown may not reflect ownership at the time you view them.
• Amendment Thresholds: Amendments to Schedule 13D are required only when there is a material change in the information reported. Small changes in position size may not trigger an immediate amendment filing.
• Stated Intent: A Schedule 13D filing may include a description of the filer's intentions regarding the issuer. This stated intent can change after filing without immediate disclosure requirements.
• Schedule 13G vs. 13D: Schedule 13G is a shorter-form filing available to passive investors. The use of 13G indicates the filer does not intend to influence control of the issuer, but this passive status can change.
• Ownership Calculations: Percentage ownership figures are computed using share counts reported in the filing and may not reflect subsequent share issuances, buybacks, or other changes to the outstanding share count.

No Guarantee of Results

Past performance of any investment manager, fund, or security is not indicative of future results. The fact that an institutional investor holds or has purchased a security does not mean that security will increase in value.

Investment decisions should not be based solely on what other investors are doing. Each investor's situation is unique, and strategies that work for large institutions may not be appropriate for individual investors.

Third-Party Links

Our website may contain links to third-party websites or services, including SEC EDGAR. We are not responsible for the content, accuracy, privacy practices, or security of any third-party sites. Inclusion of any link does not imply endorsement.

Limitation of Liability

In no event shall FilingFrog, its owners, operators, or affiliates be liable for any damages whatsoever, including but not limited to:

• Direct, indirect, incidental, or consequential damages
• Loss of profits, revenue, or data
• Investment losses based on information from this service
• Any errors or omissions in the content
• Reliance on any data, analysis, or derived calculation shown on this site

Use of this service is entirely at your own risk.

Contact

If you have questions about this disclaimer, please contact us using our contact form.