Tech leaders favoured by hedge funds last month: Hazeltree report

Hedge funds stuck to their holdings in companies with strong fundamentals in April, particularly technology and semiconductor stocks, according to a report on Wednesday from data platform ‌Hazeltree, ⁠in a ⁠month when the S&P 500 jumped over 10%.

Here are the details about hedge fund positioning in April:

Among mega-cap stocks, Meta and Amazon.com experienced more than a 5% month-over-month increase in the ⁠number of ‌funds holding long positions, Hazeltree said.


Nvidia experienced a 4.5% ⁠decline, but remained a favourite long in the semiconductor sector.

The share of companies in the Philadelphia Semiconductor Index in which hedge funds hold net long positions rose to 57% in April from 53% ‌in March.

Crowding in the U.S. semiconductor sector remained most pronounced on the long ⁠side in Nvidia, followed by Broadcom and Lam Research.

On the short side, ON Semiconductor was the most crowded name, followed by Microchip Technology and Monolithic Power Systems.