Weekly Hedge Fund Highlights

Hedge funds resumed net buying in global equities last week, specifically targeting AI-related tech stocks after a significant late-June drawdown. While US leverage remains at historic lows, fund managers are increasingly diversifying into non-AI sectors like transportation and capital markets.

Key Takeaways

• 1.Hedge funds pivoted to re-risking in the AI trade following a record-setting late June sell-off, with record buying in Tech Hardware and Semi Caps.
• 2.US hedge fund net leverage increased from 48% to 50% by the end of the week, though this remains at 12-month trough levels.
• 3.Outside the AI complex, hedge funds have shown consistent net buying in Airlines, Leisure Travel, Transports, Homebuilders, and Capital Markets.

Table of Contents

• Weekly HF Highlights
• Weekly Flows: Global Summary
• Weekly Flows: Sector Flows Summary
• Regional Leverage: US, Europe, and Asia
• Performance Highlights: MTD & YTD HF Performance Estimates
• Crowding Performance: Top 50 Crowded Longs vs. Shorts
• N. America Daily Crowding Perf: Top 50 Crowded Longs vs. Shorts

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial