Hedge funds again buy technological shares

20.02.2019 / 18:25

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Hedge funds with renewed interest in technology stocks at a time when they began to form bottoms. Of course, they carefully selected the stock and outlined their favorite choices.

Facebook shares have proven to be the most wanted hedge funds since they started their recovery. Next are Microsoft, Alphabet, Amazon, and Alibaba.

By the end of the fourth third, 15 of the 50 largest hedge funds had Facebook shares and they were in their top 10 of purchased assets. "Smart money" was triggered at the time of the formation of the last big bottoms of the social media shares.

Top hedge funds have also increased their stake in Amazon, with 13 of the 50 funds holding a significant share in the e-commerce giant. Alibaba's shares also attracted the strong interest of the funds. The company rebounded by 24% since the beginning of the year, after a decline of nearly 17% at the end of last year.

IT shares occupy around 19% of top hedge funds, followed by retail and consumer-oriented 14.4%.

The buy-the-dip strategy helped the funds to escape losses and reported a 3.4% yield in January, which was their best month of performance since September 2010.

While staking the tech sector, top funds go out more and more from defensive sectors.

Source: CNBC

Photo: Unsplash

Trader Martin Nikolov

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Hedge funds again buy technological shares

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