The U.S. Securities and Exchange Commission (SEC) recently released its latest 13F report, and the holdings of U.S. stocks by a number of institutions in the fourth quarter of last year were officially released.
Judging from the positions that have been made public, everyone on Wall Street is in the ** seven tech giants - Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, Tesla. Going long on the above-mentioned "Seven Sisters" of U.S. stocks is currently the most crowded trade. In addition, pharmaceuticals have become the new favorites of a number of hedging, and some well-known alternative investment hedging positions, Chinese concept stocks and consumer stocks have also become the focus of attention.
Specifically, the "God of Stocks" Buffett has greatly increased Apple's attention, Bridgewater has greatly increased its position in Nvidia and Eli Lilly, the prototype of "Big Short" and Canada's largest pension ** have increased their holdings in JD.com and Alibaba, etc., and the new actions of these bigwigs have aroused great concern in the market.
The "Seven Sisters of U.S. Stocks" is still the favorite
From the perspective of combing, Fidelity (FMR), Northern Trust (Northern Trust), JPMorgan Chase (JPMorgan Chase), Wells Fargo (Wells Fargo), Franklin Resources (Franklin Resources) and other 100 billion dollar institutions 13F holdings, Microsoft, Apple, Nvidia, Alphabet and other ** as key positions.
For example, Fidelity Management & Research (FMR) disclosed a report on 13F holdings in the fourth quarter of last year, showing that the total market value of the institution's holdings at the end of the fourth quarter was 11,825$7.8 billion. The top five heavyweights in terms of market capitalization are Microsoft (696%)、apple inc(4.88%), Nvidia (437%), Amazon (406%), Google Class A shares (268%)。
According to the 13F position report disclosed by Franklin Resources in the fourth quarter of last year, the total market value of the institution's holdings at the end of the fourth quarter was 2010$6.7 billion, an increase of 600%。The top 5 heavyweights by market capitalization are Microsoft (474%), Amazon (25%)、apple inc(2.09%), Nvidia (196%), Google Class A shares (161%)。
It is well known that large institutions hold these**. According to the results of BofA's latest monthly survey of global managers, everyone on Wall Street is in the "Seven Sisters" of the seven tech giants. More than 6 percent of the world's ** managers believe that long seven technology giants is the most crowded transaction at present. The proportion of managers who hold this view is much higher than in the first two surveys in December and January this year.
Since last year, under the hype of the AI concept, technology stocks, especially the "Seven Sisters", have risen like a rainbow, strongly supporting the further development of U.S. stocks. Data shows that the "Seven Sisters" contributed two-thirds of the S&P 500's gains in 2023. By January 2024, the top seven tech stocks contributed 45% of the S&P 500's returns, and the combined market capitalization of the seven ** stocks reached 12$5 trillion.
As the biggest beneficiary of the rise of artificial intelligence (AI), Nvidia can be called the most dazzling listed company in the past year, its stock price soared 239% last year, and the crazy rally continues, so far this year, it has reached nearly 50%, constantly refreshing the stock price record high, and the market value has reached 1$81 trillion, more than e-commerce giant Amazon. Among the billionaires on the Bloomberg Billionaires Index, their net asset value increased by $124 billion this year due to their holdings of AI concept stocks, accounting for 96% of the total new wealth this year.
Warren Buffett started to ** Apple shares.
Just when Wall Street still favors the "Seven Sisters", Berkshire Hathaway, led by Warren Buffett, has quietly begun to withdraw.
According to Berkshire Hathaway's latest Form 13F filed with the U.S. Securities and Exchange Commission (SEC), Warren Buffett started ** Apple shares.
Berkshire Hathaway increased its stake in Chevron by 10 million shares, about 1% of Apple, and increased its stake in Chevron by 16 million shares in the fourth quarter of 2023.
Currently, among Berkshire Hathaway's top five heavyweights, Apple (AAPLUS) is still in first place, with an open interest of about 90.6 billion shares, with a market value of about $174.3 billion, accounting for 5019%, the number of open interest decreased by 109%。
* Pharmaceutical stocks become new stars.
Since the beginning of this year, with the decline in Tesla's stock price, boosted by factors such as strong demand for "** miracle drug" and breakthroughs in fatty liver-related research, pharmaceutical giant Eli Lilly has the potential to replace Tesla and become one of the "Seven Sisters". In fact, this situation can also be glimpsed in the positions in the fourth quarter of last year.
In the fourth quarter of last year, Bridgewater, a well-known hedge, increased its holdings by a total of 260 targets, added 87 targets, **385 targets, and cleared 85 targets. In terms of position increase operations, Bridgewater's top five ** stocks are Eli Lilly, Nvidia, Brazil ETF-ishares, Visa and Advance Insurance. Among them, Eli Lilly and Nvidia both increased by more than four times.
Although Eli Lilly's rise is not as impressive as Nvidia's, with the launch of new ** miracle drugs Zepbound and Mounjaro, the company has increased by nearly 61% last year and about 30% this year, with a market value of more than $715 billion, making it the most valuable medical company in the world.
Bridgewater's top five selling stocks in the fourth quarter were PepsiCo, Procter & Gamble, Coca-Cola, SPDR S&P 500 ETF and Walmart, all of which were among Bridgewater's top 10 heavyweights.
Alibaba was overweighted by the "big short" to the number one heavy position.
Chinese concept stocks remain an important direction for U.S. institutional holdings. According to a report submitted by "Big Short" Michael Burry's hedged **Scion Asset Management LLC, the company further increased its stake in Alibaba and JD.com in the fourth quarter of last year.
According to the report, Scion Asset Management increased its stake in Alibaba by 2 in the fourth quarter of last year50,000 shares, to 750,000 shares with a market capitalization of $5.81 million; Increased holdings in JD.com by 750,000 shares to 200,000 shares, with a market capitalization of $5.78 million. As of the end of the fourth quarter, Alibaba was the largest holder in SCION's disclosed holdings, accounting for 61%, followed by JD.com.
Coincidentally, another 13F document disclosed on the same day shows that Alibaba became Canada's largest pension **CPPIB in the fourth quarter of last year. The Canada Annuity Plan Investment Board (CPPIB) held 3.6 million shares in Alibaba in the fourth quarter ended December 31 last year, with a market capitalization of 2$7.9 billion.
In the fourth quarter, CPPIB also repaid 1.7 million shares of Li Auto, with a market value of $63.6 million; 1.33 million shares of JD.com, with a market value of $38.3 million; New**NetEase 2910,000 shares, with a market capitalization of $27.1 million.
In the fourth quarter of last year, Alibaba's stock price accumulated about 96%, JD.com's cumulative decline is less than 1%. On Wednesday, Alibaba's stock price was 25%, JD.com rose more than 45%, both outperforming U.S. stocks**. According to the changes in the holdings of some large institutions in the fourth quarter of last year, NIO increased the most from the previous quarter, and Pinduoduo increased the most in terms of market value.
Editor-in-charge: Wang Yunpeng.
Proofreading: Wang Wei.
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