Hedge funds with interest in GE, Facebook and more

23.05.2019 / 20:17

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Top hedge funds are trying to beat the market by betting on several shares this year. General Electric, Facebook and Biogen are just part of the broad choice of hedge funds to improve the efficiency of individual stock selection.

The list of the best funds since the beginning of the year and for the past three years includes Aisling Capital, Boxer Capital and RA Capital Management.

Figures do not show direct return on shares, but their ability to successfully select individual stocks. Next, the yield is calculated by comparing the shares' performance in the funds with that of ETFs by sector. In this case, Symmetric estimates this capability of nearly 1,000 hedge funds with an indicator called StockAlpha.

These hidden "jewels" materialize as top 10 hedge funds with a strong performance this year, as well as over the past three years. Last week, they registered their new subscriptions for the first quarter, and below we can see the top ten positions the funds have added for the last quarter.

Hedge funds disclose their positions four times a year in records to the US Financial Supervision Commission, and the information then goes public in 45 days after the end of each quarter.

Steadfast Capital has invested $ 153 million at General Electric at the end of the last quarter. The fund has also added new positions to PG & E, Burlington Stores and Facebook. Steadfast managed assets for about $ 10.6 billion, with the fund's performance at 23.4 percent from the beginning of the year.

RA Capital Management and Boxer Capital focus on the health and biotech sectors. RA are investing in Sage Therapeutics and Axsome Therapeutics. Since the beginning of the year Axsome is up 751% and Sage 79%. Boxer added to their Biogen portfolio, which is down 21%.

Source: CNBC

Trader Martin Nikolov

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Hedge funds with interest in GE, Facebook and more

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