LONDON, May 20 (Reuters) - Hedge funds stuck to their
holdings in companies with strong fundamentals in April,
particularly technology and semiconductor stocks, according to a
report on Wednesday from data platform Hazeltree, in a month
when the S&P 500 jumped over 10%.
Here are the details about hedge fund positioning in
April:
* Among mega-cap stocks, Meta and Amazon.com ( AMZN )
experienced more than a 5% month-over-month increase in
the number of funds holding long positions, Hazeltree said
* Nvidia ( NVDA ) experienced a 4.5% decline, but remained a
favourite long in the semiconductor sector
* The share of companies in the Philadelphia Semiconductor
Index in which hedge funds hold net long positions rose to 57%
in April from 53% in March
* Crowding in the U.S. semiconductor sector remained most
pronounced on the long side in Nvidia ( NVDA ), followed by Broadcom ( AVGO )
and Lam Research ( LRCX )
* On the short side, ON Semiconductor was the most
crowded name, followed by Microchip Technology ( MCHP ) and
Monolithic Power Systems ( MPWR )