Considering that the managers of these hedge funds mainly attract the richest investors, it can be said that this list reflects the investment strategy of the super-rich in the world.
By the end of the second quarter, most hedge funds bought shares of financial institutions, accounting for 25.3% of the total portfolio, ranking first; High-tech companies ranked second, accounting for19% of the portfolio; The third hottest industry is the service industry, accounting for15.2%; Followed by consumer goods (14.5%) and medical care (1 1%).
Although the financial industry dominates the portfolio of hedge funds, three of the top five stocks bought by these funds are from large technology companies. Among them, Apple ranked first, followed by Warren Buffett's Berkshire Hathaway, followed by Facebook, Google's parent company Alphabet and financial services company Wells Fargo.
The popularity of technology stocks stems from its good rise and exceeds the performance of the broader market. For example, the Nasdaq Composite Index has increased by15.7% this year; The market index Standard & Poor's 500 Index rose 8.3%, while the financial company Standard & Poor's 500 Index only rose 5.3%. IT can be predicted that in the future, the stocks of IT companies in the portfolio of hedge funds are likely to increase.
At the same time, the stocks that hedge funds bought the most in the second quarter were: Amazon (the share price has increased by 28. 17% since the beginning of the year), Oracle Bone Inscriptions (the share price has increased by 27.8% since the beginning of the year), Philip Morris (the share price has increased by 27.4% since the beginning of the year), AbbVie Pharmaceutical (the share price has increased by 15% since the beginning of the year) and Broadcom (since the beginning of the year).
According to Goldman Sachs' analysis, the leading position of technology stocks lies in the following aspects: first, the growth of sales and earnings per share (EPS) of technology companies and the use of more technologies will make the total return rate of Nasdaq 100 index exceed the S&P 500 index; Second, the technology industry is relatively unaffected by macro events such as interest rate, exchange rate or oil price.
In addition, in the second quarter, the stocks that were cleared the most were Kellogg's Food, Apple, Lilly, Johnson & Johnson and JPMorgan Chase. Although Apple ranks second in the selling list, it still holds the largest share of stocks held by hedge funds.