I think there is value in what you are doing, as long as everyone knows what context to put the information in, and realizes that they may lack significant addi

I think there is value in what you are doing, as long as everyone knows what context to put the information in, and realizes that they may lack significant additional information. In the wild, HFs are actively engaged in sending misinformation to the market in a number of ways, by running different sides of a trade through different prime brokers, etc. I have no doubt that some of them are sending information via their 13Fs that is meant to be misinterpreted.