Legendary Hedge Funds Are Piling Into These ETFs

Core Insights - Hedge funds have been actively buying and selling throughout the third quarter, with their 13F filings revealing key investment trends and favorites [2] Group 1: SPDR S&P 500 ETF (SPY) - SPY continues to dominate the market, tracking the S&P 500 index and holding approximately 500 large-cap U.S. stocks, with an expense ratio of 0.09% and a yield of 1.04% [4] - The fund has a significant tech focus, allocating 34.54% to technology, followed by financials at 13.44% and consumer discretionary at 10.50% [4] - SPY's top 10 holdings constitute 46% of the portfolio, including major companies like Nvidia, Microsoft, Apple, Meta, Tesla, and Amazon [4] - Point72 Asset Management increased its holding in SPY by 3.3%, totaling 5.89% of its portfolio, while Tudor Investment added a new position with 3,650,000 shares, representing 4.19% of its portfolio [5] - SPY has achieved a 1-year return of 14.85% and a 3-year return of 20.41%, with a year-to-date gain of 17.65% [5] Group 2: Invesco QQQ Trust (QQQ) - The Invesco QQQ Trust has seen increased interest from hedge funds, with Elliott Investment Management raising its position by 3.3% to 5.28% of its portfolio, and Citadel Advisors increasing its stake by 0.59% to 4.04% [8] - Point72 Asset Management also increased its stake in QQQ by 1.56% [8] - QQQ has gained 21.67% year-to-date, with over 50% of its allocation in technology and 53% in its top 10 holdings [7] Group 3: iShares Core S&P 500 ETF (IVV) - Ray Dalio raised his stake in IVV by 4.83%, now holding over 1 million shares, which represents 10.62% of his portfolio [7]