The hedge fund community correctly nailed the election trade by piling into cyclical stocks, anticipating a rotation after Trump swept to victory.
With significant macroeconomic events ranging from elections to central bank moves stirring the market, the biggest investors on Wall Street have been shifting their portfolios and playing offense heading into 2025. The hedge fund community, as a whole, nailed the election trade by piling into cyclical stocks that were thought to benefit from the rotation that took place after President-elect Donald Trump swept to victory last month, according to Goldman Sachs.
VerityData looked at the top 10 holdings of "fundamental" hedge funds, or managers that disclosed 10 to 300 holdings worth $100 million or more. It found that Constellation Energy saw the biggest increase in hedge fund high-conviction ownership, including buying from Coatue Management and Lone Pine Capital. CEG YTD mountain Constellation Energy Energy names Vistra and Talen Energy also gained newfound love among these professional traders.
Stock Markets W R Berkley Corp Everest Re Group Ltd Intercontinental Exchange Inc Raymond James Financial Inc New Residential Investment Corp US Bancorp Visa Inc Progressive Corp Constellation Energy Corp Vistra Corp Talen Energy Corp Stanley Druckenmiller Donald Trump Donald Trump Warren Buffett Business News
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