Hedge Fund Sentiment Turns Sour On Market's Darlings, HazelTree Data Indicates
Hedge Fund Sentiment Turns Sour On Market's Darlings, HazelTree Data Indicates
Hedge funds are raising eyebrows by taking a bearish stance on some of the hottest sectors, namely electric vehicles (EVs), luxe brands and AI tech.
对冲基金对一些最热门的板块采取看跌立场，这引起了人们的关注，即 电动汽车 (EV)、奢侈品牌 和 人工智能科技。
What Happened: Insights from HazelTree, known for offering treasury services to the big institutional players, show that top hedge funds are prepping for potential declines, shorting 2023's market darlings.
发生了什么： 来自的见解 HazelTree以向大型机构参与者提供财资服务而闻名，这表明顶级对冲基金正在为潜在的下跌做准备，做空2023年的市场宠儿。
Top Shorts In Focus: Names like EV giant Tesla Inc (NASDAQ:TSLA); luxury mogul Kering (OTC:PPRUY), owner of Gucci; and chip powerhouse from Japan, Advantest Corp (OTC:ATEYY), topped the list for being heavily shorted in their respective regions last month, according to Bloomberg.
焦点热门短裤： 像电动汽车巨头这样的名字 特斯拉公司 （纳斯达克股票代码：TSLA）；奢侈品大亨 开云集团 （场外交易代码：PPRUY），古驰的所有者；以及来自日本的芯片巨头， 爱德万测试公司 据彭博社报道，场外交易代码：ATEYY）上个月因在各自地区被大量做空而位居榜首。
How "Crowded" Is The Short Market? While many gauge investor pessimism by looking at short-selling percentages, HazelTree's approach gives a broader view.
空头市场有多 “拥挤”？ 尽管许多人通过看空百分比来衡量投资者的悲观情绪，但HazelTree的方法提供了更广阔的视野。
The company tracks the sentiment across its client base, providing a more comprehensive picture. Bloomberg's coverage, leaning on HazelTree's analytics, highlighted data from around 700 funds that represent about 12,000 global equities.
该公司追踪了整个客户群的情绪，提供了更全面的画面。彭博社的报道基于HazelTree的分析，重点介绍了来自约700只基金的数据，这些基金代表了约12,000只全球股票。
The term "crowdedness" might be a new one for retail investors, so let's get into it.
对于散户投资者来说，“拥挤” 一词可能是一个新词，所以让我们开始吧。
Essentially, it's a scale from 1-99 developed by HazelTree to indicate just how many funds are shorting a stock. Ninety-nine represents the security that the highest percentage of funds are shorting.
从本质上讲，这是HazelTree开发的1-99的比例，用于表明有多少基金在做空一只股票。百分之九十九代表了做空比例最高的证券。
If you're wondering just how pessimistic the sentiment is for the likes of Tesla, Kering and Advantest — all three bagged a score of 99.
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如果你想知道特斯拉、开云和爱德万测试等公司的情绪有多悲观，那么这三家公司的分数均为99分。
另请阅读：值得关注的 10 只空头挤压股票：Yellow Corporation、Getty Images、特百惠等
Stocks In The Spotlight: Despite Tesla's storied growth over the years, the sentiment seems to be shifting. With CEO Elon Musk recently flagging concerns over future profitability due to a "higher for longer" interest rate environment causing the company to lower its car prices, it's clear that even the biggest players aren't immune to market shifts.
聚光灯下的股票： 尽管特斯拉多年来取得了传奇般的增长，但情绪似乎正在发生变化。和首席执行官在一起 埃隆马斯克 最近，由于 “长期更高” 的利率环境导致该公司降低汽车价格，人们对未来盈利能力表示担忧，很明显，即使是最大的参与者也无法幸免于市场变化。
In AI, Advantest recently missed the mark on its quarterly earnings. For luxury brands, European names such as Kering are feeling the heat, with signs pointing to its Gucci brand lagging behind competitors.
在人工智能方面，Advantest的季度收益最近没有达到目标。对于奢侈品牌来说，像开云这样的欧洲品牌正在感受到炎热，有迹象表明其Gucci品牌落后于竞争对手。
LVMH Moet Hennessy Louis Vuitton SA (OTC:LVMUY), the luxury brand behind Louis Vuitton, Givenchy and others, also had a significant short focus in the EMEA region, Bloomberg's report said.
LVMH 酩悦轩尼诗路易威登 彭博社的报道称，路易威登、纪梵希等公司背后的奢侈品牌SA（场外交易代码：LVMUY）也将重点放在欧洲、中东和非洲地区。
The Bigger Picture: While hedge fund attention to shorting stocks such as Tesla, Kering and Advantest are making rounds, the actual percentage of shares being out is still pretty low.
大局： 尽管对冲基金对特斯拉、开云和Advantest等做空股票的关注正在四处流动，但股票的实际出局比例仍然相当低。
Around 2.6% of Tesla's float is being sold short, 0.9% for Kering and 8.7% for Advantest, Bloomberg said, citing Hazeltree's data.
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彭博社援引Hazeltree的数据称，特斯拉约有2.6％的股票被卖空，开云集团的0.9％被卖空，Advantest的8.7％被卖空。
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