Investment firms maintained their commitment to technology and semiconductor companies during April’s market rally, according to new research from data platform Hazeltree released Wednesday. The findings show hedge funds concentrated on businesses with solid fundamentals as the S&P 500 soared more than 10% during the month.
The April positioning data reveals several key trends among institutional investors:
• Large-cap technology companies Meta and Amazon.com saw increases exceeding 5% in the number of investment funds maintaining long positions month-over-month, according to Hazeltree’s analysis
• While Nvidia saw a 4.5% decrease in fund holdings, the company continued to be the preferred long position within the semiconductor industry
• Investment funds holding net long positions in Philadelphia Semiconductor Index companies increased to 57% in April, up from 53% the previous month
• Within the U.S. semiconductor space, the highest concentration of long positions remained in Nvidia, with Broadcom and Lam Research following as the next most popular holdings
• For short positions, ON Semiconductor attracted the most hedge fund interest, with Microchip Technology and Monolithic Power Systems ranking second and third respectively
