Meridian Small Cap Growth Fund’s Q1 2026 Investor Letter
Meridian Funds’ ArrowMark‑managed Small Cap Growth Fund posted a -8.37% return in Q1 2026, trailing the Russell 2000 Growth Index’s -2.82% decline. The fund’s underperformance stemmed mainly from industry‑allocation choices, although stock selection added modest upside. The quarter was marked by heightened volatility as trade‑policy uncertainty and escalating U.S.–Israel strikes on Iran rattled investor sentiment. Despite the turbulence, the fund continues to target high‑quality companies with durable moats, solid balance sheets, and clear earnings growth pathways.
Bill Ackman Is Dangling the Chance of a Quick Buck
Billionaire investor Bill Ackman is launching Pershing Square USA, a New York‑listed vehicle, to raise between $5 billion and $10 billion through an IPO. The fund will focus on large, high‑quality North American companies while also making occasional macroeconomic bets via credit...
Short Seller Targets AQR Backer over Tax-Loss Harvesting
Orso Partners has taken a short position against Affiliated Managers Group (AMG) after identifying more than $1 trillion invested in tax‑aware long‑short strategies managed by AQR Capital. AQR’s tax‑optimizing products have surged tenfold since 2024, now holding about $57 billion, and are...
Hedge Funds Are Back in Favour. Getting an Allocation Is Another Matter
Hedge funds are regaining favor as volatility and market dispersion rise, but allocating to them now demands stricter criteria. UBP’s Kier Boley outlines a new allocation framework that separates passive beta, strategy alpha and unique alpha, insisting on differentiated returns....
Asia Hedge Funds Hit with Loses Prior to Ceasefire
Asian hedge funds recorded broad losses in March as the US‑Israel‑Iran conflict sparked sharp market swings. Macro‑focused funds such as Trivest Advisors’ China strategy fell over 10%, the steepest monthly drop on record, while equity‑oriented funds slipped mid‑single‑digit percentages. Despite...
Hedge Fund Hiring Wars Escalate as “Interception Trades” Drive Record Pay Packages
Hedge funds are intensifying talent wars by intercepting candidates who have already accepted rival offers, a practice dubbed “interception trades.” Compensation for star traders has surged, with some packages topping $100 million when guarantees and incentives are included. To curb poaching,...
Citadel HR Chief Exits
Citadel Securities' chief human‑resources officer, Karen Smith, announced her departure after six years, citing personal reasons. Smith oversaw a rapid expansion of the firm's talent pipeline, scaling the workforce from 1,200 to over 2,000 employees amid a competitive hiring market....
Hedge Funds Turn Bullish on Cotton for First Time in Two Years
Hedge funds have turned net‑bullish on cotton for the first time in two years, with long positions now outnumbering shorts by 16,825 contracts as of the week ending April 14. The shift follows a surge in oil prices driven by the...
Is Shah Capital’s Criticism of Novavax Fair? A Wall Street Analyst Weighs In
Novavax faces renewed activist pressure as Shah Capital, a 9% shareholder, announced it will vote against the company’s board and executive compensation at the 2026 annual meeting. The hedge fund criticizes the under‑performing $22 million sales from the 2024 Sanofi partnership...
Braun Stacey Associates Inc. Has $208.07 Million Position in NVIDIA Corporation $NVDA
Braun Stacey Associates trimmed its NVIDIA position by 1.1%, selling 12,744 shares and holding 1,115,635 shares worth roughly $208 million, still the fund’s largest holding at 6.7% of its portfolio. Other institutional investors such as State Street, Geode Capital, Norges Bank,...
Eli Lilly and Company $LLY Shares Acquired by Freestone Capital Holdings LLC
Freestone Capital Holdings LLC increased its Eli Lilly stake by 5.1% in Q4, adding 1,384 shares to hold 28,539 shares worth roughly $30.7 million. The position now accounts for 0.9% of Freestone’s portfolio, making Lilly its 19th largest holding. Institutional ownership of...
JPMorgan Chase & Co. $JPM Shares Sold by Brookwood Investment Group LLC
Brookwood Investment Group LLC reduced its JPMorgan Chase stake by 47.4%, selling 4,621 shares and leaving a holding worth about $1.65 million. Meanwhile, several large institutions—including Legal & General, Fisher Asset Management and Invesco—expanded their positions, collectively owning over $18 billion of...
Hedge Funds’ Record Treasury Bets Risk Sending ‘Shockwaves’ Through the Global Bond Market, Apollo Says
Hedge funds now own roughly 8% of the $31 trillion U.S. Treasury market, the highest share on record, according to Apollo Global Management. Their positions are heavily leveraged, backed by about $6 trillion in repo and prime‑brokerage funding. Apollo’s chief economist warns...
Hedge Funds Move Into Market for Trump-Era Tariff Refunds
Hedge funds in London, New York and other hubs are buying rights to potential U.S. tariff refunds after a Supreme Court ruling nullified Trump-era duties that generated roughly $166 billion in collections. Importers are selling their refund claims at a discount...
Energy Emerges as Hedge Fund Bright Spot Amid Global Equity Sell-Off Driven by Middle East Conflict
Global equity markets slipped in March as Middle East tensions sparked heightened volatility, but energy stocks emerged as a rare bright spot for hedge funds. Hazeltree data shows hedge funds boosted long exposure to the energy sector by 55% versus...
The Home Depot, Inc. $HD Position Boosted by Assetmark Inc.
Assetmark Inc. increased its Home Depot position by 12.5% in Q4, holding 70,608 shares worth roughly $24.3 million. At the same time, CFO Richard Mcphail sold 2,550 shares for about $0.94 million, cutting his stake by 5.4%. Home Depot reported Q4 earnings...
Stryker Corporation $SYK Position Increased by Consolidated Investment Group LLC
Consolidated Investment Group LLC boosted its Stryker Corporation stake by 24.7%, holding 13,110 shares valued at roughly $4.6 million after buying an additional 2,600 shares in Q4. The medical‑technology giant reported Q4 earnings that beat forecasts, with EPS of $4.47 and...
Macro Hedge Funds in China Hit by Sharp Losses
Macro hedge funds operating in China posted sharp losses in March as geopolitical tension sparked volatile swings across equities, bonds, commodities and FX. Bridgewater's All Weather Plus systematic strategy slipped 5.6%, while Shanghai Longlife's Macro Hedging No1 fund plunged 25%....
Hedgeweek® in Conversation with Wellington Management
Hedge‑funds posted mixed performance in early 2024, with SS&C GlobeOp reporting a 2.3% loss in March but a 4.5% inflow rebound in April, adding roughly $12 billion of new capital. BlackRock urged investors to diversify allocations amid heightened volatility, while digital‑asset...
BlackRock Calls on Investors to Diversify Hedge Fund Allocations Amid Heightened Volatility
BlackRock’s Spring Hedge Fund Outlook urges investors to broaden exposure across a wider array of hedge‑fund strategies as macro uncertainty, AI‑driven market shifts, and geopolitical tensions heighten volatility. The firm warns that hidden correlations, leverage, and crowding in multi‑manager platforms...
Assetmark Inc. Boosts Stock Position in The Walt Disney Company $DIS
Assetmark Inc. increased its Disney stake by 14.9% in Q4, now holding 318,385 shares valued at roughly $36.2 million. The entertainment giant reported Q4 earnings of $1.63 per share, beating estimates, with revenue of $25.98 billion, up 5.2% year‑over‑year. Analysts maintain a...
David Einhorn Signals Caution as His Hedge Fund Greenlight Prioritizes Capital Protection
David Einhorn told investors Greenlight is putting capital protection ahead of market optimism, even as the S&P 500 rallied to 6,966.75. The hedge fund delivered a 6.5% return in Q1, outpacing the index’s 4.4% decline, while keeping gross and net exposure...
EU Agencies Push Cat Pool Backed by ILS
European regulators, led by the European Commission and EIOPA, are advancing a new catastrophe‑reinsurance pool that will be financed with insurance‑linked securities. The pool is slated to be underpinned by a €500 million (≈ $540 million) ILS tranche, providing fresh capital for natural‑disaster...
Funds Limit Losses in March Mayhem
In March 2026, heightened market volatility triggered sharp equity declines, but active fund managers successfully limited losses through disciplined risk‑management tactics. Average drawdowns among large‑cap equity funds fell to 1.8%, well below the 4.5% benchmark loss recorded by passive indices....
Oakmark Fund Picks Roper Technologies (ROP) on Varied Growth Drivers
Oakmark Funds’ Q1 2026 investor letter highlighted Roper Technologies (ROP) as a core pick, noting its diversified vertical‑software portfolio and strong cash generation. The Oakmark Fund outperformed the S&P 500, returning –2.47% versus the index’s –4.33% for the quarter. Roper’s stock closed...
Accenture (ACN) Is Trading at a Low Valuation Multiple Despite Strong Fundamentals
Oakmark Funds’ Q1 2026 letter spotlights Accenture (NYSE:ACN), noting its $117.75 billion market cap and FY2026 revenue of $18.7 billion, up 5% in local currency and 6% in USD. The stock closed at $191.95, down 33.8% over the past year, and now trades...
Alua Capital to Wind Down $2bn Hedge Fund After Underwhelming Returns
Alua Capital announced it will wind down its flagship hedge fund, which managed roughly $2 billion in assets. The fund’s performance lagged expectations, delivering sub‑2% annualized returns since its inception. Alua plans to liquidate positions and return cash to investors over...
Exclusive: The Ex-Rokos, Brevan Veteran Quietly Building a Commodities Fund in ‘One of the Most Interesting Markets in a Generation’
Luke Sadrian, former Rokos and Brevan Howard partner, launched the Fulcrum Commodities Fund in October 2025, quickly amassing $359 million in assets, including $250 million of external capital. The fund generated a 30.5% return from inception to March 2026, driven by a directional...
Prosperity Advisers LLC Purchases New Position in Vanguard S&P 500 ETF $VOO
Prosperity Advisers LLC disclosed a new position in Vanguard S&P 500 ETF (VOO) in its latest 13F filing, buying 5,404 shares worth roughly $3.39 million. The stake represents about 2.8% of the adviser’s portfolio, making VOO its seventh‑largest holding. The move...
Michael Burry Bets Against Nvidia as Jensen Huang Claims AGI
Michael Burry has taken a bearish stance on Nvidia by buying long‑dated put options, warning that the stock’s trillion‑dollar valuation may be unsustainable. At the same time, CEO Jensen Huang told a podcast that artificial general intelligence could already be...
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model
Alternative investment managers poured record capital into reinsurance, pushing catastrophe‑bond allocations to $136 billion in 2025, an 18% increase. The surge also expanded sidecar vehicles to $18 billion, tripling their size since 2023, while traditional reinsurers’ share of catastrophe losses fell to...
Dara Capital US Inc. Acquires Shares of 2,674 CrowdStrike $CRWD
Dara Capital US Inc. disclosed a new 13F position in CrowdStrike, purchasing 2,674 shares valued at roughly $1.25 million, making the stock its 21st largest holding at 1.1% of the portfolio. CrowdStrike reported Q1 earnings that beat expectations, with revenue climbing...
Center For Asset Management LLC Sells 3,758 Shares of Exxon Mobil Corporation $XOM
Center for Asset Management LLC slashed its Exxon Mobil position by 63.3%, selling 3,758 shares and ending the quarter with 2,175 shares valued at roughly $262,000. Meanwhile, several other institutions boosted stakes, notably Schnieders Capital, which added 5,443 shares to...
Eagle Strategies LLC Acquires 2,932 Shares of Mastercard Incorporated $MA
Eagle Strategies LLC dramatically increased its Mastercard stake, buying 2,932 shares in Q4 to hold 3,520 shares worth about $2 million, a 498.6% jump. The move adds to a wave of institutional buying, with investors collectively owning 97.28% of the company’s...
Eagle Strategies LLC Purchases 9,744 Shares of ServiceNow, Inc. $NOW
Eagle Strategies LLC dramatically increased its position in ServiceNow, buying 9,744 shares in Q4 and raising its holding to 11,915 shares valued at about $1.83 million. The purchase contributed to a broader pattern of institutional activity, with Vanguard, State Street, Nordea,...
Ackman's $64 Billion Universal Bet Hinges on Power Broker Bollore
Bill Ackman's $64 billion unsolicited bid for Universal Music Group hinges on French billionaire Vincent Bolloré, who controls just under 32% of the label through direct shares and Vivendi holdings. Bolloré’s consent is essential; without it the transaction cannot close. His group’s...
Michael Burry Says He's Still Betting Against Palantir After Trump Post Boosts Stock
Michael Burry remains committed to his bearish position on Palantir Technologies, holding long‑dated put options that expire in 2026 and 2027. Despite a recent Truth Social endorsement from former President Donald Trump that sparked a short‑term rally, Palantir’s shares are...
Douglas Lane & Associates LLC Sells 5,449 Shares of UnitedHealth Group Incorporated $UNH
Douglas Lane & Associates LLC trimmed its UnitedHealth Group (UNH) holding by 7.4% in Q4, selling 5,449 shares and leaving a stake of 68,625 shares worth roughly $22.65 million. The move follows a wave of institutional activity, with Carnegie Investment Counsel...
Flagship Capital Management Inc. Purchases Shares of 13,494 Taiwan Semiconductor Manufacturing Company Ltd. $TSM
Flagship Capital Management disclosed a new position in Taiwan Semiconductor Manufacturing Company (TSMC), purchasing 13,494 shares valued at roughly $4.1 million. The holding represents about 2.9% of Flagship’s portfolio, making TSM its 12th largest position. The purchase comes as several other...
Surge in Rates Triggers Worst Month for Brazilian Hedge Funds Since 2020
Brazilian hedge funds posted their worst month since 2020, falling 3.4% in March as global rate hikes and soaring oil prices erased macro bets. The decline outpaced the 1.2% rise in the CDI benchmark, highlighting underperformance versus cash. Major managers...
Bill Ackman Tries to Make Music and Money Mix with €55bn Universal Bid
Activist investor Bill Ackman is spearheading a €55 billion (≈$59 billion) takeover bid for Universal Music Group, the world’s largest recorded‑music company. The consortium, backed by private‑equity firms and sovereign wealth funds, argues the deal will unlock value by pairing Universal’s catalog...
Broadcom Inc. $AVGO Stock Holdings Lessened by Cypress Funds LLC
Cypress Funds LLC trimmed its Broadcom position by 20.1%, selling 29,088 shares and leaving a $40 million stake of 115,766 shares. In contrast, investors such as Brighton Jones and Revolve Wealth increased their holdings, adding roughly 22% and 10% respectively. Broadcom...
Financial Planning Navigators CORP Invests $613,000 in Alphabet Inc. $GOOG
Financial Planning Navigators Corp disclosed a new $613,000 stake in Alphabet Inc., purchasing 1,952 shares in the fourth quarter. The filing coincides with several other hedge funds increasing their GOOG positions, keeping institutional ownership at roughly 27% of the company....
Amazon.com, Inc. $AMZN Shares Acquired by Brookstone Capital Management
Brookstone Capital Management boosted its Amazon stake by 5.6% in Q4, adding 27,352 shares to own 512,305 shares valued at roughly $118.3 million. The holding now represents about 1.4% of Brookstone’s portfolio, making Amazon its ninth‑largest position. Institutional ownership of Amazon...
CCLA Investment Management Trims Stock Holdings in Deere & Company $DE
CCLA Investment Management reduced its Deere & Company position by 1.4% in the fourth quarter, now holding 205,327 shares valued at roughly $95.6 million, or 0.08% of the stock. The adjustment occurs alongside activity from other institutional investors and a series...
Bill Ackman in Talks to Launch Fund in Bid to Pounce on Investor Complacency
Bill Ackman is negotiating to launch a new hedge‑fund vehicle that will replicate the “asymmetric” bets that generated a $2.6 billion windfall during the pandemic. The proposed fund would focus on short‑selling prevailing market narratives rather than using Pershing Square’s main...
Activist Investor Renews Its Criticism of Novavax
Hedge fund Shah Capital, which owns roughly a 9% stake in Novavax, has renewed its proxy campaign ahead of the company’s annual meeting. The fund will vote against the re‑election of the eight‑member board and against executive compensation, citing weak...
Abu Dhabi’s ‘First Home-Grown Hedge Fund’ Targets Multi-Billion AuM in Three Years
Abu Dhabi‑based Dovehouse Capital, founded by Danish entrepreneurs Claus Gotthard and Martin Rasmussen, launched its first hedge fund this month, positioning itself as the emirate’s inaugural home‑grown manager. The firm has secured $80‑150 million in commitments from Emirati family offices and...
SG Americas Securities LLC Makes New $1.38 Million Investment in H2O America $HTO
SG Americas Securities LLC disclosed a new $1.38 million purchase of 28,065 shares of H2O America (NASDAQ:HTO), taking its stake to roughly 0.08% of the utility’s outstanding equity. The filing shows a wave of institutional activity, with Assenagon Asset Management adding...
Macro Hedge Funds Worst Hit in March Amid Middle East Turmoil
Macro hedge funds recorded their steepest March decline since the pandemic, slipping roughly 5.5% as the Israel‑Iran escalation drove oil to $100 per barrel and spooked equity markets. The turmoil forced a rapid unwind of short positions in U.S. stocks,...