Should I Avoid SVB Financial Group (SIVB)?
Should I Avoid SVB Financial Group (SIVB)?
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn't mean that they don't have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards SVB Financial Group (NASDAQ:SIVB) and determine whether hedge funds skillfully traded this stock.
SVB Financial Group (NASDAQ: SIVB)investors should pay attention to a decrease in support from the world's most elite money managers recently. SVB Financial Group (NASDAQ:SIVB) was in 26 hedge funds' portfolios at the end of June. The all time high for this statistics is 42. There were 30 hedge funds in our database with SIVB holdings at the end of March. Our calculations also showed that SIVB isn't among the30 most popular stocks among hedge funds(click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.
SVB 金融集團（納斯達克： SIVB）投資者應注意最近全球最精英基金經理的支持下降。截至 6 月底，SVB 金融集團（NASDAQ：SIVB）在 26 個對沖基金的投資組合中。這個統計數據的所有時間最高是 42。我們的數據庫中有 30 個對沖基金與 SIVB 控股在 3 月底。我們的計算還顯示，SIVB 並不是對沖基金中最受歡迎的 30 隻股票之一（點擊 Q2 排名並觀看視頻以快速查看前 5 名股票）。 視頻：觀看我們有關 5 大最受歡迎的對沖基金股票的視頻。
In the 21st century investor’s toolkit there are a large number of tools stock market investors have at their disposal to analyze publicly traded companies. A duo of the best tools are hedge fund and insider trading moves. Our experts have shown that, historically, those who follow the best picks of the best money managers can outclass the market by a significant amount (see the details here).
在 21 世紀的投資者工具包中，股市投資者可以使用大量工具來分析上市公司。對沖基金和內幕交易動作是最好的工具的二重奏。我們的專家表明，從歷史上看，那些遵循最好的基金經理的最佳選擇的人可以超越市場大量（請參閱此處的詳細信息）。
Lee Ainslie of Maverick Capital
特立獨行資本的李安斯利
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, legal marijuana is one of the fastest growing industries right now, so we are checking out stock pitches like “ the Starbucks of cannabis ” to identify the next tenbagger. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter onour websiteto get excerpts of these letters in your inbox. Now let's take a look at the fresh hedge fund action surrounding SVB Financial Group (NASDAQ:SIVB). What does smart money think about SVB Financial Group (NASDAQ:SIVB)?
在 Insider Monkey，我們搜尋多個來源，以發現下一個偉大的投資想法。例如，合法的大麻是目前增長最快的行業之一，因此我們正在檢查股票球場，例如」 該 星巴克 的, 大麻 」以識別下一個過濾器。我們通過像 10 這樣的列表 最賺錢的公司 在世界上挑選最好的大盤股票買入。儘管我們僅建議分析公司的一小部分倉位，但我們會盡可能多地檢查股票。我們閱讀對沖基金投資者信函，並聽取對沖基金會議上的股票宣傳。您可以在我們的網站上訂閱我們的免費每日通訊，以便在收件箱中獲取這些信件的摘錄。現在讓我們來看看圍繞 SVB 金融集團（NASDAQ：SIVB）的新對沖基金行動。 聰明貨幣對 SVB 金融集團（NASDAQ：SIVB）有什麼看法？
At the end of the second quarter, a total of 26 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of -13% from the previous quarter. Below, you can check out the change in hedge fund sentiment towards SIVB over the last 20 quarters. So, let's find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.
截至第二季度末，Insider Monkey 追蹤的對沖基金中共有 26 隻看好該股，較上一季度的 -13% 變動。以下，您可以查看過去 20 季對沖基金情緒對 SIVB 的變化。因此，讓我們找出哪些對沖基金是該股票的主要持有者之一，以及哪些對沖基金正在做出重大動作。
Of the funds tracked by Insider Monkey, Fisher Asset Management, managed by Ken Fisher, holds the biggest position in SVB Financial Group (NASDAQ:SIVB). Fisher Asset Management has a $162.2 million position in the stock, comprising 0.2% of its 13F portfolio. The second most bullish fund manager is Diamond Hill Capital, managed by Ric Dillon, which holds a $86.9 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other members of the smart money that hold long positions encompass Cliff Asness's AQR Capital Management, Principal Global Investors's Columbus Circle Investors and Phill Gross and Robert Atchinson'sAdage Capital Management. In terms of the portfolio weights assigned to each positionMD Sassallocated the biggest weight to SVB Financial Group (NASDAQ:SIVB), around 2.28% of its 13F portfolio. Columbus Circle Investors is also relatively very bullish on the stock, setting aside 1.69 percent of its 13F equity portfolio to SIVB.
在內幕猴子跟踪的資金中，費舍爾資產管理由肯·費舍爾管理，在 SVB 金融集團（NASDAQ：SIVB）中佔有最大的地位。費舍爾資產管理公司擁有 1.62.2 億美元的股票頭寸，佔其 13F 投資組合的 0.2％。第二位看漲的基金經理是鑽石山資本，由 Ric Dillon 管理，該基金持有 8,690 萬美元的頭寸；該基金的 13F 投資組合的 0.5% 投資於股票。持有多頭頭寸的聰明貨幣的其他成員包括 Cliff Asness 的 AQR 資本管理，主要全球投資者的哥倫布圈投資者以及 Pill Gross 和羅伯特·阿欽森薩達格資本管理公司。就每個職位分配的投資組合權重而言 MD Sassala 定位於儲值支付工具金融集團（NASDAQ：SIVB）的最大權重，佔其 13F 投資組合的 2.28% 左右。哥倫布圈投資者對股票也相對非常看好，將其 13F 股票投資組合的 1.69％ 留給 SIVB。
Because SVB Financial Group (NASDAQ:SIVB) has witnessed declining sentiment from the entirety of the hedge funds we track, we can see that there exists a select few fund managers who sold off their entire stakes last quarter. Interestingly, David E. Winebrenner'sSpindletop Capitaldropped the largest investment of the 750 funds watched by Insider Monkey, comprising close to $10.6 million in stock. Greg Eisner's fund,Engineers Gate Manager, also dumped its stock, about $2.3 million worth. These transactions are interesting, as total hedge fund interest fell by 4 funds last quarter.
由於 SVB 金融集團（NASDAQ：SIVB）目睹了我們追蹤整個對沖基金的情緒下降，因此我們可以看到，上季度有少數基金經理出售了整個股份。有趣的是，大衛·溫伯倫納的 SpindleTop Capital 投入了內幕猴子監視的 750 隻基金中最大的投資，其中包括近 1,060 萬美元的股票。格雷格·艾斯納（Greg Eisner）的基金，工程師門經理也拋棄了其股票，價值約為 230 萬美元。這些交易很有趣，因為上季度對沖基金利息總額下降了 4 隻基金。
Let's also examine hedge fund activity in other stocks similar to SVB Financial Group (NASDAQ:SIVB). These stocks are Jacobs Engineering Group Inc. (NYSE:J), UDR, Inc. (NYSE:UDR), Lumen Technologies, Inc. (NYSE:CTL), E*TRADE Financial Corporation (NASDAQ:ETFC), Wabtec Corporation (NYSE:WAB), Logitech International SA (NASDAQ:LOGI), and Nordson Corporation (NASDAQ:NDSN). This group of stocks' market values match SIVB's market value.
讓我們還研究類似於 SVB 金融集團（NASDAQ：SIVB）的其他股票的對沖基金活動。這些股票是 雅各布工程集團。(紐約證券交易所:J), 尤德, 公司。(紐約證券交易所:UDR), 流明科技股份有限公司。(纽约州:克特尔), E* 貿易金融公司 (納斯達克:ETFC), 華博科技股份有限公司 (紐約證券交易所:瓦布), 羅技國際 (納斯達克:日誌), 和 诺信公司 (納斯達克:NDSN).該組股票的市場價值與 SIVB 的市場價值相匹配。
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position J,32,1047013,4 UDR,29,389036,10 CTL,30,788387,-4 ETFC,36,1370357,-1 WAB,39,1528246,-2 LOGI,13,277342,-2 NDSN,21,67604,-1 Average,28.6,781141,0.6 [/table]
[表] 股票代碼, 帶位置的 HF 數量, 高頻位置總價值 (1000), 在高頻位置的變化, 32,1047013,4 UDR,29,389036,10 克拉 ,30,788387, -4 ETF,36,1370357, -1 瓦 ,39,1528246, -2 平均值 [/表]
View table hereif you experience formatting issues.
如果您遇到格式化問題，請在此檢視表格。
As you can see these stocks had an average of 28.6 hedge funds with bullish positions and the average amount invested in these stocks was $781 million. That figure was $456 million in SIVB's case. Wabtec Corporation (NYSE:WAB) is the most popular stock in this table. On the other hand Logitech International SA (NASDAQ:LOGI) is the least popular one with only 13 bullish hedge fund positions. SVB Financial Group (NASDAQ:SIVB) is not the least popular stock in this group but hedge fund interest is still below average. Our overall hedge fund sentiment score for SIVB is 44.6. Stocks with higher number of hedge fund positions relative to other stocks as well as relative to their historical range receive a higher sentiment score. This is a slightly negative signal and we'd rather spend our time researching stocks that hedge funds are piling on. Our calculations showed thattop 10 most popular stocksamong hedge funds returned 41.4% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. These stocks gained 21.3% in 2020 through September 25th and surpassed the market by 17.7 percentage points. Unfortunately SIVB wasn't nearly as popular as these 10 stocks (hedge fund sentiment was quite bearish); SIVB investors were disappointed as the stock returned 6.5% since Q2 and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out thetop 10 most popular stocksamong hedge funds as most of these stocks already outperformed the market in 2020.
如您所見，這些股票平均擁有 28.6 對沖基金，看漲頭寸，平均投資於這些股票的金額為 7.81 億美元。這個數字是四億五千六百萬元。沃布科技股份有限公司 (紐約證交所代碼:WAB) 是此表中最受歡迎的股票。另一方面，羅技國際 SA（NASDAQ：LOGI）是最不受歡迎的，只有 13 個看漲對沖基金頭寸。SVB 金融集團（NASDAQ：SIVB）並不是該集團中最受歡迎的股票，但對沖基金的利息仍低於平均水平。我們對沖基金的整體情緒評分為 44.6。相對於其他股票以及相對於其歷史範圍的對沖基金倉位數量較高的股票，可獲得較高的情緒評分。這是一個稍微負面的信號，我們寧願花時間研究對沖基金正在堆積的股票。我們的計算結果顯示，十大最受歡迎的股票對沖基金在 2019 年回報 41.4%，表現優於標普 500 ETF (SPY) 10.1 個百分點。這些股票在 2020 年截至 9 月 25 日上漲 21.3%，超過了 17.7 個百分點。不幸的是，SIVB 並不像這 10 隻股票那麼受歡迎（對沖基金情緒相當看跌）；SIVB 投資者感到失望，因為該股自第二季度以來回報了 6.5％ 並且表現不佳，而 SIVB 投資者感到失望。如果您有興趣投資具有巨大上升潛力的大型股票，則應查看十大最受歡迎的股票對沖基金，因為這些股票中的大多數股票在 2020 年表現已超過市場。
Get real-time email alerts: FollowSvb Financial Group (NASDAQ:SIVB)
獲取實時電子郵件警報：關注 SVB 金融集團
Disclosure: None. This article was originally published atInsider Monkey.
披露：無。這篇文章最初發表在內幕猴子.
Related Content How to Best Use Insider Monkey To Increase Your Returns11 Best Places to Live with Arthritis and Fibromyalgia in the US15 Easiest, Most Relaxed and Flexible Medical Specialties in America
相關內容 如何最好地使用 Insider Monkey 來增加您的回報率 11 美國患有關節炎和纖維肌痛的最佳住所 15 美國最簡單，最輕鬆和靈活的醫療專科
譯文內容由第三人軟體翻譯。