Hedge funds have been quietly adding positions in Visa and a few healthcare stocks that are beating the market amid heightened volatility. Data firm InsiderScore looked at the top holdings of "fundamental" hedge funds, those with 10 to 300 positions and aggregate assets of $100 million or more. Its universe encompasses 600 hedge funds with total disclosed equity holdings of approximately $756 billion.
KBW analyst Sanjay Sakhrani recently said Visa is a "a strong investment opportunity for investors as the company's fundamentals exhibit both offensive and defensive attributes." Biohaven Pharmaceutical , Eli Lilly and Thermo Fisher Scientific were popular health care names in the second quarter. Notably, Lone Pine scooped up more than 400,000 additional shares of Thermo Fisher in the second quarter.
Can we hear more from the lady from earlier who mentioned shorts were starting to cover
Hedge funds are getting ready to sit on it and rotate for sure.
Offloaded a good amount of my SHORTS this morning on the DRAWDOWN. NASDAQ is at a very STRONG support level. We'll see how this goes into the close and if it can hold this week.
Interest rate hikes, makes the Pickens very good right. We live in a totally predatory world, masquerading itself as capitalism.