Hedge Funds Lead Sector Rotation
The week of July 19 th has seen massive volatility in equities. The major indices saw a huge drop on Monday, the 19 th due to fears of COVID Delta variant and stalling growth. But ended the week with all major indexes making record highs. There has been a lot of discussions on market rotations and growth vs. value debates have filled the news media. Here’s a quick look at some charts to map movement from small-mid cap stocks to large cap, and value vs. growth over the last few months. We’ll see this against the backdrop of 10-year treasury yield. Hedge Funds started this rotation in April : In my previous blog 13F Analysis with Bloomberg Port , I’ve analyzed 2021Q1 13F filings of Hedge Funds. I split the equity filings into three groups - the new-buys, selloffs and no-change stocks. I combined the new-buys and no-change equities common across 2 or more hedge funds into single portfolio (calling it FLNG_Q121_1), and analyzed it using Bloomberg PORT. ...