Hedge Funds have increased their short stock positions for 14 consecutive weeks, the longest streak in history
Source: Win Smart, Goldman
Hedge Funds extended short positions on Treasuries to a record just before smaller-than-expected US bond sales and weaker jobs data spurred a rally
Leveraged funds ramped up net short Treasury futures positions to the most in data going back to 2006, according to an aggregate of the latest Commodity Futures Trading Commission figures as of Oct. 31. The bets persisted even though the cash bonds had rallied the week before. Source: Bloomberg
Last week "pain trade" in one chart
-> Last week's Risk On move has pushed Hedge Funds to cover their shorts, triggering violent short squeezes. The Goldman Sachs Most Shorted Stocks Basket jumped by 13% over the week. Source: Bloomberg, HolgerZ
Hedge Funds were quite short going into November
Source: Markets Mayhem, GS
Yes, Hedge funds are short equities
But don't forget the bigger picture: positioning among asset managers and leveraged funds is rather long... Source: TME, JP Morgan
Hedge funds have now built the largest short position in U.S. Treasuries in history
Source: DB, barchart
Hedge funds top 5 holdings Q2 2023
Recurring #themes: Hyperscalers $AMZN $GOOG $MSFT Semiconductor $AMD $NVDA $TSM Consumer tech $AAPL $TSLA Specialty Retail $BBWI $RH Global apps $META $NFLX Payments $MELI $V Source: App Economy Insights
