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