Legendary Hedge Funds Are Piling Into These ETFs

"SPDR S&P 500 ETF The SPDR S&P 500 ETF continues to dominate the market. It tracks the S&P 500 index and holds about 500 large-cap U.S. stocks. SPY has an expense ratio of 0.09% and a yield of 1.04%. The fund is heavily tech-focused with an allocation of 34.54% to the sector. This is followed by financials (13.44%) and consumer discretionary (10.50%). Its top 10 holdings form 46% of the portfolio and include the Magnificent Seven, such as Nvidia, Microsoft, Apple, Meta, Tesla, and Amazon."

"Point72 Asset Management increased its holding in SPY by 3.3%, and its total investment in the ETF stands at 5.89%. Tudor investment added a new position in SPY with 3,650,000 shares, forming 4.19% of the portfolio. SPY has generated a 1-year return of 14.85% and 3-year returns of 20.41%. The fund has gained 17.65% this year, and its NAV is $687.85. Despite the market uncertainty, the S&P 500 hit highs in the second half of this year, taking SPY higher."

Hedge funds actively traded in the third quarter and 13F filings revealed concentrated positions in major ETFs. State Street's SPDR S&P 500 ETF (SPY), Invesco QQQ Trust (QQQ), and iShares Core S&P 500 ETF (IVV) are prominent holdings. SPY tracks the S&P 500 with about 500 large-cap U.S. stocks, a 0.09% expense ratio, 1.04% yield, and 34.54% tech allocation; its top 10 holdings make up 46% of the fund. Point72 and Tudor increased their SPY exposure. SPY posted a one-year gain of 14.85%, three-year returns of 20.41%, and a year-to-date gain of 17.65%.

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