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https://www.barrons.com/articles/hedge-funds-stocks-apple-microsoft-activision-dominion-c5009108

What Hedge Funds Have Been Buying—and Selling

By
Nicholas Jasinski
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Hedge funds tilted toward growth sectors and away from cyclical and value-oriented areas of the market during last year’s fourth quarter, setting them up for a strong start to 2023. The Russell 3000 Growth index has added more than 7% year to date, versus a 2% rise for the value subset of the index.

“Funds increased their net tilt to Consumer Discretionary by [3.3 percentage points], the largest change in any sector, and also lifted exposures to Communication Services and Info Tech” in the fourth quarter, Goldman Sachs strategist Ben Snider wrote this past week. “In contrast, hedge funds cut net tilts to Energy, Industrials, Materials, and Financials.”

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