Concentration in hedge fund portfolios has been rising throughout the year and approached a record high during the third quarter. In fact, the only time concentration was higher was during the fourth quarter of 2018. Hedge Funds Are Highly Convicted But With Minimal Crowding According to Goldman Sachs’ Hedge Fund Trend Monitor for the third quarter, the typical hedge fund now holds 71% of its portfolio in its top 10 positions. However, while this high concentration points to high levels of conviction among hedge funds, crowding across fund portfolios fell modestly, although it remains above its long-term average. Q3 2022…
Hedge Funds Are Convicted On Their Top 10 Stocks Despite Low Crowding As Apple Falls Far Out Of Favor
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.
