What's happening: T. Rowe Price’s portfolio swells to $158B with heightened turnover
The firm’s latest 13F shows a market value of $158b, up $7b from the prior quarter, while turnover jumped to 21.44%, indicating active rebalancing. Microsoft remains the largest holding at 4.47% of assets, with Amazon, Nvidia and other tech names rounding out the top‑10 exposure.
Also developing:

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Volatility is cooling. 30D realized volatility (yellow line) just rolled over and is now below 90D (blue line). When short-term vol drops, the machines re-lever. Vol control funds start buying. Right now, the signal says grind higher until proven otherwise.
Great SELL call by McGough @HedgeyeRetail on $CVNA that CNBC failed, once again, to cover

In this episode of Excess Returns, Jason Hsu returns for a wide-ranging conversation on China’s economy, the global AI race, emerging markets, factor investing, and what the next phase of globalization could mean for U.S. investors. We explore how China’s...
T. Rowe Price Investment Management’s 13F filing for the quarter ending June 30, 2025 shows a portfolio market value of $158 b, up $7 b from the prior period. The fund’s turnover accelerated to 21.44%, reflecting active rebalancing across its holdings. Microsoft...

Mets owner Steve Cohen got a $3.4 billion payday from his hedge fund last year. Here are the top earners in 2025: https://t.co/ZRuqldhcBZ https://t.co/p6eqszYRZM
A $2 billion quantitative hedge fund that recently added “Alpha” to its name, is calling it quits after three consecutive years of losses and roughly 25-year run https://t.co/69PJrwEni7
Investors can now gain exposure to SpaceX through private secondary markets, specialty ETFs and pooled funds, sidestepping the wait for a public listing. The rocket company is valued at roughly $1.25 trillion, making it one of the most coveted private assets....
The show panelists (don't be shocked, they are bullish) love retail/consumer stocks - we shorted $COST and $WMT in the last 24 hours. We are looking for more consumer shorts. We believe lower home and stock prices will take away from the...

⚠️Almost everybody is piling into the SAME TRADE: Hedge fund net allocation to Magnificent 7 stocks is up to a RECORD 22%. This is more than DOUBLE the level seen in 2022. At the same time, these stocks remain among the most popular...
In Episode 331 of Hedge Fund Tips, host Tom Hayes examines how trading volume can trigger sharp market moves, referencing the recent "Volume Opens the Floodgates" research. The discussion highlights that spikes in volume often precede sentiment shifts, creating entry...

SKEW just closed below 140. Falling $SKEW = institutions unwinding tail-risk hedges (OTM puts get cheaper) and/or quietly reducing equity exposure. Past cycles: Sustained declines often marked distribution phases — rallies fade as protection demand evaporates and complacency builds. If it...
"You have market-making strategies or market-taking strategies. You want to balance across them because market-making strategies tend to be reversion and market-taking strategies tend to be momentum." - Bobby Jain (EP.497) With thanks to @AlphaSenseInc, @MorningstarInc, and Ridgeline.
Fund managers are at a five‑year high of bullishness, yet a record share warn that corporate America is overspending on capital expenditures amid uncertain returns. In Bank of America’s February survey of 162 managers, cash balances rose in February, signaling...

Oil investors bullish on proliferating supply threats Investors are increasingly bullish about the outlook for oil prices as potential risks to production and tanker traffic multiply - including threats of U.S. military action against Iran and stricter sanctions enforcement. Hedge funds and...
In my sixth data update, I look at business profitability in 2025, across sectors, industries and regions, scaled to revenues (profit margins) and to invested capital (accounting returns). I use the latter to compute and compare excess returns. https://t.co/L3PDmph4VA
Rotation away from S&P500 (flat on the year) into other assets like foreign stocks, US value, etc up 10-15% seems to be accelerating...