25 Top Funds & their Holdings Value
Last Friday was the VIX’s 4th largest 1-day increase since 1990. CNBC’s Fear & Greed Index dropped 33 points that day, more than a 50% drop from the close of 64 the previous day.
The news propelling the steep incline of the VIX was the Omicron variant of the coronavirus. However, there have been reports that symptoms of this new variant are “mild,” although more contagious as well. Other reports claim that it is too early to pinpoint the severity of the virus since it’s a new mutation. Only time will tell.
The S&P 500 has risen 7% since the start of Q4 (Oct. 1), while the Nasdaq 100 has risen 10.97%. On the contrary, small to mid-cap stocks have been suffering beneath the surface, while the MMAANG (Microsoft, Meta, Apple, Amazon, Netflix, Google) powers the indexes higher.
Fear is starting to set in as many of the Covid-19 beneficiaries, like Zoom, Peloton, Roku, MercadoLibre, Fiverr, Teladoc, and others have witnessed severe declines from their peak. Fear of an inevitable, eventual interest rate hike and tapering is causing some investors to question their holdings as well.
Are we due for a correction? Do institutional investors know something that we don’t? To test this, I gathered 25 top-performing funds and evaluated whether they increased or decreased their holdings value relative to the previous quarter:
Kora, Nitin Saigal: Increased 13.5%
Third Point, Dan Loeb: Increased 7.2%
Coatue, Philippe Laffont: Decreased 3.7%
SCGE Management, Jeff Wang: Increased 1%
Whale Rock, Alex Sacerdote: Decreased 1.2%