Hedge Fund Have Never Been Longer Momentum And "Magnificent" Stocks: Full Summary Of Wht The "Smart Money" Is Doing

Last week we recapped the most notable Q4 13F filings, and observed that - not surprisingly - most of the activity in the last quarter of 2023 revolved around the tech sector, whose constituents remains the most popular investment choice among the hedge fund crowd.

hedge fund have never been longer momentum and magnificent stocks full summary of wht the smart money is doing

Of course, a lot more happened in Q4 from the perspective of hedge funds, and for one of the better summaries we go to the latest quarterly Hedge Fund Trend monitor report from Goldman's Ben Snider, who notes that strong equity momentum - because it really was a quarter where momentum lifted all boats - also lifted the average hedge fund to a 4% YTD return and the bank's hedge fund crowding index to a new record high. But before we get ahead of ourselves, here are the summary highlights from the Goldman report:

Authored by Tyler Durden via ZeroHedge February 22nd 2024