The average US long/short equity hedge fund has achieved an 8% return since the start of 2024, driven by the robust performance of the well-known stocks.), the Magnificent 7 group dominates the top six spots on the bank’s list of most popular long positions, which have collectively returned 16% year-to-date.
“AAPL was the exception and screened into our Rising Stars list of the stocks with the largest increases in hedge fund popularity,” Goldman strategists said in a Tuesday note. “As a result of this outperformance, the weight of Semiconductors in the aggregate US hedge fund long portfolio soared during 1Q to a record-high of 6.5%,” they added.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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