Everyone paying attention to industry news has heard about the danger of crowding on their portfolios, but would it surprise you to learn that the most crowded hedge fund stocks have annualized at 17.91% since 2004, compared to 8.69% for the S&P 500?
This statistic alone underscores the importance of analyzing and understanding the Novus 4C Indices.
The Novus 4C Indices track the most important hedge fund stocks today. Using aggregate 13F filings, we’ve discovered four unique types of securities that hedge funds own: crowded, consensus, conviction, and concentrated names. In this report, we’ll show you the top 20 names in each Index, their performance to date, new entries and exits in the Indices as of Q3 filings, and return and risk statistics for each compared to a relevant benchmark.
Download our latest report to learn more.