RGTI -47%

QUBT -46%

IONQ -43%

QBTS -43%

The Top Hedge Funds of 2024 - Updated list

2024 - A Year in Review The Hedge Vision portfolio returned 32.89% in 2024

The Hedge Vision portfolio returned 32.89% in 2024

hedgevision.substack.com/p/2024-a-yea...

Throwback to when Jeff Bezos bought 1 share of Amazon at $114.

That was the call to load up.

AMZN is up by 97% since then 📈

Personal Portfolio
As of Dec. 31, 2024

1. CRWD 11.7%
2. MELI 10.6%
3. NVDA 8.8%
4. DDOG 8.0%
5. AMZN 7.4%
6. CROX 7.4%
7. MSFT 6.6%
8. BABA 6.6%
9. ZS 4.7%
10. SE 4.2%

-Top 10 Positions: 75.9%
-Cash Position: 1.5%
-Rest of Portfolio: 22.6%

Holding stocks overnight has been a MUCH better strategy than holding them during trading hours

40% of MicroStrategy's (MSTR) Bitcoin holdings were purchased during the past month.

Guess Saylor was asleep when BTC was at $40K a year ago 🤔

Here we go again...

Initial FOMC reaction is a steep drop down following a 25 bps cut to between 4.25% and 4.50%.

The general consensus is a hawkish cut given the Fed's 2025 PCE inflation forecast of 2.5%, up from 2.1%.

The Fed expects rates to fall by just 50 bps next year to 3.9%.

Hedge fund strategies for 2025

Macro leads the way at 42% of institutional investors followed by commodities at 39%.

Uber is "Fighting a Tough Narrative," says Bernstein, reiterates $95 PT.

CrowdStrike moves to dismiss Delta Air Lines suit, citing contract terms

-CNBC

SoFi insider Eric Schuppenhauer buys 30,600 shares worth $500,001.

CEO Anthony Noto and Schuppenhauer are the two SoFi insiders that have purchased shares during the past year.

S&P 500 Price Targets for 2025

-Highest: Oppenheimer at $7,100
-Average: $6,534
-Lowest: BCA Research at $4,450

Last 30 days:

$NVDA: -7.46%
S&P 500: +3.56%
$SMH: +5.63%

🤔

China +10% Tariff: Bernstein on the impact to US Apparel & Footwear brands

$NKE $LULU $ONON $CROX $DECK $SKX $TPR $CPRI $ANF $UAA $VFC

Ackman: "We're stepping into the most pro-growth, pro-business, pro-American administration I've perhaps seen in my adult lifetime."

Trips per week:

Uber: 202,000,000
Waymo: 150,000

UBER down 15% during the past week on Waymo's expansion to Miami...seems way overblown.

CrowdStrike (CRWD)

-Global outage ✅
-Still beating the S&P 500 YTD ✅
-Still beating the Nasdaq 100 YTD ✅

Altimeter sold $UBER and put that money into $TSLA after the election.

Returns since:
TSLA: +43.25%
UBER: -18.08%

Great move

Tech-focused Whale Rock to reopen fund after gaining 51% in 2024, source says Tech-focused hedge fund Whale Rock Capital Management is planning to reopen its flagship fund early next year for between $200 million and $300 million in new money after a strong performance in 2024, a source familiar with the matter said.

"The fund, which has roughly $9 billion in assets, seeks to attract fresh capital as it sees opportunities to invest in smaller semiconductor and supply chain companies with exposure to artificial intelligence, the source said."

www.reuters.com/technology/t...

Whale Rock to reopen fund after gaining 51% in 2024

The $9 billion hedge fund will accept outside capital for the first time since 2021. It returned 32% in 2023.

Whale Rock’s top positions are AMZN, CLS, META, NVDA, and GOOGL.

China stocks up big after China's Politburo promises to implement a more proactive fiscal policy and moderately loose monetary policy in 2025.

Boosting consumption and increasing domestic demand will be a key focus of policy efforts.

Looks like the beginning of a bottom has formed.

$BABA $JD $PDD

Wouldn’t surprise me if Baillie bought following the Muddy Waters short report drop to $103 on Nov. 20. Up 33% since then.

$ELF Baillie Gifford is now the largest shareholder after increasing its stake by 53%.

Baillie now owns 8.09 million shares compared to 5.30 million as of Sept. 30. It has surpassed Vanguard as the largest shareholder with a 14.4% ownership stake.

Still have some figuring out to do in the Americas region but international is definitely 🔥

$LULU +8% afterhours

-Q3 EPS $2.87 vs. $2.71 est.
-Revenue +9% to $2.4B vs. $2.36B est.
-International revenue +33%

Guidance:
-Q4 EPS $5.56-$5.64 vs. $5.70 est.
-Q4 revenue $3.475-3.51B vs. $3.5B est.
-2024 EPS $14.08-$14.16 vs. $14.12 est.
-2024 revenue $10.45-10.49B vs. $10.42B est.

Interesting table from Bridgewater, the world's largest hedge fund.

"Holding a mix of bonds and commodities is likely to provide diversification across the range of equity downturns we might experience, without paying a premium for that protection."

-CIO Karen Karniol-Tambour

2025 S&P 500 Analyst Forecasts

-Deutsche Bank: $7,000
-Barclays: $6,600
-Goldman Sachs: $6,500
-Morgan Stanley: $6,500

Lululemon is set to report its third quarter earnings on Dec. 5 after the close.

LULU is one of my four new positions this year along with ELF, FXI, and KWEB.

Analysts are expecting revenue growth of 6.95% to $2.357 billion along with an adjusted EPS of $2.72.