Sunday, July 31, 2022
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What Dominates Portfolios – The Irrelevant Investor


“Most portfolios are nonetheless dominated based mostly on what’s been nice for the final decade”

Greg Jensen, the co-CIO at Bridgewater was speaking about this on the Odd Tons podcast. The final decade has been dominated by U.S. megacap tech shares. And to Jensen’s level, persons are positioned for that pattern to proceed.

This chart reveals the 50 shares that the majority ceaselessly seem among the many largest 10 holdings of hedge funds. The highest 5 are Microsoft, Amazon, Google, Fb, and Apple.

Regardless that tech shares at the moment are of their deepest drawdown of the final decade, these six are nonetheless 39% greater than they had been at their pre-pandemic highs, and 90% increased than they had been on the lows in March 2020.

These firms have grown so giant that regardless that this present drawdown is only some % greater than their 2020 fall, the greenback decline is greater than twice as giant given how a lot they’ve gained since then.

Proudly owning something aside from U.S. mega cap tech has regarded silly during the last decade. It’ll be attention-grabbing to see if diversification comes again in favor.

We lined this and rather more on this week’s TCAF with Carleton English and Rishi Khanna. Hope everyone enjoys the lengthy weekend, and go see High Gun within the theater.





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