NVDA
NVIDIA
-- 140.110 RGTI
Rigetti Computing
-- 10.0400 TSLA
Tesla
-- 394.940 PLTR
Palantir
-- 68.230 AMD
Advanced Micro Devices
-- 121.840 Hedge funds, exposure to 7 major US tech companies, record high capital shift to cyclical stocks?
According to the latest analysis published by Goldman Sachs, $NVIDIA (NVDA.US)$In the week when astonishing sales were updated, hedge funds were exposed to the top 7 high-tech companies by market capitalizationRecord highs and recordsI did it.
As of 8/24, these 7 major companies have total net assets held by hedge funds tracked by GoldmanIt accounts for about 20%、The biggest everIt has become. These stocks also contributed greatly to the overall rise in the US stock market this year.
Hedge funds own $Microsoft (MSFT.US)$、 $Apple (AAPL.US)$、 $Alphabet-C (GOOG.US)$、 $Meta Platforms (META.US)$、 $Amazon (AMZN.US)$What is the position of $Nasdaq Composite Index (.IXIC.US)$It is not only an index such as, but also transactions for individual stocks.
“Hedge funds still continue to embrace giant tech companies and artificial intelligence (AI) themes,” Goldman said in a memo sent to a limited customer group obtained by Reuters.
Last week, NVIDIA reported record quarterly earnings against the backdrop of strong demand for chips for artificial intelligence (AI), and announced the arrival of an AI boom.
Sussex Partners' Chief Investment Officer (CIO) Jim Newman said, “We actually have two markets. “7 splendid companies” andAll other stock marketsThat's it. Hedge funds have no choice but to capture these returns regardless of their own analysis,” he pointed out.
It was decided that hedge funds that have adopted a strategy of selecting individual stocks may find it difficult to outperform investments in other asset classes such as bonds.
“Given the outperformance of these stocks, it's worth investing in,” Schneller said.
Meanwhile, according to data compiled by Bank of America, despite high exposure to the 7 major high-tech stock companies, hedge fund and long-only fund managers have spent the past few yearsCyclical stocks are underweighted over defensive stocks。
Goldman strategist David Kostin said, “Hedge funds and mutual fundsWe entered the third quarter with the information technology sector being the most underweighted since at least 2012It's called”.
The explosion in super-large stocks this year also led to concerns about the narrow range of market prices. As other sectors catch up, the rise in super-cap stocks will continue,” Goldman analysts predict.
“Hedge funds and mutual funds avoid growth sectors such as information technology and consumer discretionShifting to the cyclical sectorI did,” Kostin said. “At the beginning of this year, seven tech giants boosted the S&P 500 Index within an extremely narrow range. Since then, returns have expanded, and the fund has reduced its exposure to these two sectors.”
This article uses automatic translation for some of its parts
Source: Seeking Alpha
ー MooMoo News Sherry
Source: Seeking Alpha
ー MooMoo News Sherry
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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