Toomey在谈到TMT Trading 2024年10月仓位调查时表示：“同样值得强调的是，受访者将54种不同的软件股票列为拥挤的空头标的，低于我们7月份调查中的73种。Adobe(ADBE.US)仍然是软件业最具争议的名字之一。”他说。该调查从9月30日持续到10月11日。In Jefferies financial position survey, the proportion of institutional investors increasing their holdings of software stocks is at 19%, the lowest level in history.
According to Jefferies financial's position survey, the proportion of institutional investors increasing their holdings of software stocks is at 19%, the lowest level in history. This ratio has been declining in 2024, starting from 51% in January and dropping to 28% in July. Jefferies financial's Technology, Media, and Telecommunication sector trading chief, Michael Toomey, stated that given the strong performance of the software industry in the second half of 2024 so far and the price reactions over the past two weeks, the latest move is "very interesting".
Cloud computing software company ServiceNow (NOW.US) has become the most crowded short stock for two consecutive quarters, while data warehouse company Snowflake (SNOW.US) has been the second most crowded short stock for three consecutive quarters. Jefferies financial surveys institutional investors' positions in various TMT sub-sectors before profitability.
Regarding the TMT Trading October 2024 position survey, Toomey stated: "It is also worth noting that respondents have identified 54 different software stocks as crowded short targets, down from 73 in our July survey. Adobe (ADBE.US) remains one of the most controversial names in the software industry," he said. The survey ran from September 30th to October 11th.
Crowded long targets (excluding Microsoft):
ServiceNow, Oracle (ORCL.US), Salesforce (CRM.US), SAP (SAP.US), Palantir (PLTR.US), Datadog (DDOG.US), Palo Alto Networks (PANW.US), CrowdStrike (CRWD.US), Adobe (ADBE.US), Workday (WDAY.US).
Crowded short targets (excluding Microsoft):
Adobe, Snowflake, salesforce, MongoDB (MDB.US), Zscaler (ZS.US), CrowdStrike, palantir, Atlassian (TEAM.US), oracle.
