Big Data Download

Love from the big money managers

Big Data Download

Hedge fund managers have “five darlings,” said Maz Jadallah, CEO of AlphaClone: Google, AIG, Apple, GM and Citigroup.

Among them, there’s resurging interest in Apple as hedge fund managers Carl Icahn, Leon Cooperman and David Einhorn buy positions, Jadallah said.

Last quarter, Viking Global and John Paulson’s hedge fund joined Dan Loeb by gaining large, new positions in Thermo Fischer Scientific (TMO), according to Jadallah.

Bill Ackman’s Pershing Square bought positions in Air Products & Chemicals (APD), and Baupost Group invested $600 million in to Micron Technology (MU).

As far as outflows this past quarter, Jadallah said gold bug Paulson cut holdings in the precious metal space. For the first time, Jadallah said, Paulson dropped his $2.2 billion gold ETF position to about $1.2 billion. Coupled with his cut to AngloGold, it looks like he’s reduced his precious metal exposure by about half, according to Jadallah.

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Maz Jadallah, CEO of AlphaClone, tracks the top holdings of hedge funds. Its database contains data on hundreds of managers and their top holdings using 13F disclosures.

AlphaClone (ALFA), an index tracked by an ETF, has beaten the S&P 500 since its launch last year. However, Jadallah warns investors that they have to be rules-based, unemotional and disciplined.

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