At the end of each quarter, we look forward to the 13F report that is filed by investment funds in the US, provided they control or manage at least $100 million in assets. Taking a look at these documents, let's find out what assets the top players in the market were most likely to buy in Q2 this year.
Are superinvestors predicting a bull market?
Of the 77 super funds, as many as 964 different stocks were bought and as many as 1,047 sold. It seems, therefore, that major investors are not gushing with optimism. Does this mean that the recent rises in the indices have had little impact?
Source: Conotoxia MT5, US100, Daily
The top five most-ignored companies in superinvestor funds were: Berkshire Hathaway A/B (accounting for 3.7% of all portfolios), Alphabet A/B (Google) (3.6%), Microsoft (2.7%), Meta Platforms (Facebook) (2%) and Amazon (1.8%).
Analysing the data collected on superinvestor preferences, there are some surprising trends. The materials sector appears to have been the most popular, recording an increase of 0.68% in the size of super investors' portfolios. The industrial sector fared slightly worse, gaining by 0.42%. Interestingly, the opposite is observed for sectors strongly linked to technology. The technology sector lost 1.7%, while the information technology sector fell 1.16%, clearly illustrating the pessimism among investors.
Source: https://www.dataroma.com/m/stats/stats.php?o=n
To determine which companies were bought most often, we will count the differences in size and number of buyers to size and number of sellers. In this way, we will separate the shares of companies that were most frequently traded from those that may actually have potential.
The highest demand for Markel Group Inc.
In the second quarter of this year, as many as five super investors bought shares of Markel Corporation (MarkelCorp), worth a total of 0.12% of the managers' portfolios. Significantly, none of them sold shares in this company. Markel Corporation is a US company specialising in the insurance and financial sector. Its activities include property insurance, reinsurance and investments. The company is known for offering personalised insurance solutions for individual and corporate clients and for its involvement in the reinsurance area.
Source: Conotoxia MT5, MarkelCorp, Daily
Generac Holdings Inc.
In second place was the seemingly niche company Generac Holdings Inc. (Generac), which was bought by as many as three super investors. Among them was Michael Burry, who became famous for his accurate prediction of the 2008 crisis. Total net purchases of Generac shares in Q2 amounted to 0.1% of all managers' portfolios.
Generac is a US-based company specialising in the manufacture and supply of energy-related solutions. Its core business includes the design, manufacture and distribution of portable and stationary generators, which are used as a source of backup power in the event of a power grid failure. The company also offers energy storage systems and energy management solutions.
Source: Conotoxia MT5, Generac, Daily
Fidelity National Financial Inc.
In third place was Fidelity National Financial Inc. (FIS), which was purchased by three super investors. Total net purchases of Fidelity shares in Q2 represented 0.08% of all managers' portfolios.
US-based Fidelity National Financial specialises in real estate and financial services. Its core business includes providing title services, real estate insurance and technology solutions to the real estate industry. The company is active in providing real estate title security, mortgage services and other aspects of real estate transactions. It seems that recent purchases may herald the first signs of a new recovery in the US real estate market.
Source: Conotoxia MT5, FIS, Daily
Taiwan Semiconductor Manufacturing Company
The first place off the podium belongs to the world's largest semiconductor manufacturer Taiwan Semiconductor Manufacturing Company (TaiwanSemic). Its shares were bought by seven super investors and sold by four. The total net value of purchased positions amounted to 0.076% of the managers' total portfolios.
Taiwan Semiconductor Manufacturing Company, the world's leading semiconductor and integrated circuit manufacturer, specialises in advanced process technology, producing microprocessors, graphics chips, memory chips and other electronic components for a wide range of industries, including telecommunications, consumer electronics, automotive and other industrial sectors. TSMC plays a key role in developing new semiconductor technologies and providing advanced products for the global electronics industry.
Source: Conotoxia MT5, TaiwanSemic, Daily
Advanced Micro Devices (AMD)
In fifth place in the list of companies whose shares attracted the most interest was Advanced Micro Devices (AMD). Three super investors bought shares in this company, and the total net value of positions bought amounted to 0.07% of all managers' portfolios.
Advanced Micro Devices, Inc. is a company that manufactures microprocessors, graphics chips and other computer technology-related components. The company competes with Intel in processors and provides advanced graphics cards for the gaming and professional applications sector. AMD also provides innovative solutions in computing, artificial intelligence and future technologies.
Source: Conotoxia MT5, AMD, Daily
Grzegorz Dróżdż, CAI MPW, Market Analyst of Conotoxia Ltd. (Conotoxia investment service)
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trade this news from Conotoxia Ltd. platforms
Go to your account
