Hedge Fund Trend Monitor-2/21

cougar

GS hedge fund report summary (2/21/12). 牛眼看牛，熊眼看熊。屁股坐错了再好的分析也无用。Have fun.
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This report analyzes the positions of 674 hedge funds with $1.2 trillion of gross assets ($715 billion
of long stock and ETF holdings and an estimated $383 billion of short positions) at the start of
2012. Our hedge fund Very Important Position (“VIP”) basket has returned 9.7% YTD compared
with 7% for S&P 500. The typical hedge fund is up 3%, with two-thirds of fund returns between -6%
and +12%. 10% of funds are outperforming S&P 500 YTD. Funds have largest net exposure to Info
Tech and Consumer Discretionary. Fully 30% of long/short funds have some exposure to AAPL.

Apple will impact fund returns given it ranks among top holdings
30% of fundamentally-driven hedge funds hold at least one share of AAPL.
One out of five hedge funds has AAPL among its ten largest long positions.
When among the top ten holdings, AAPL represents an average of 8% of
total single-stock long equity exposure. In aggregate, hedge funds own
only 4% of AAPL market cap with 1.6% average position across all funds.

NYQ

Ding!    牛眼看牛，熊眼看熊。屁股坐错了再好的分析也无用