Hedge Funds

Roundhill Files for 'Magnificent Seven Plus' ETF With AI, Space Twist

Sweta Killa — Tue, 05 May 2026 09:01:32 +0000

Roundhill Investments has filed to launch the Roundhill Magnificent Seven Plus ETF. This fund would pair the dominant mega-cap tech stocks with a slate of newer AI and space contenders, according to a filing.

The proposed product is expected to trade under the ticker name MAGP. The expense ratio and official launch date have yet to be announced. As with all ETF filings, the fund remains subject to regulatory approval.

What's Inside MAGP

The ETF Tracker reported Monday that Roundhill has filed to launch the $MAGP Roundhill Magnificent Seven Plus ETF.

🚨 NEW ETF FILING

Roundhill has filed to launch the:$MAGP Roundhill Magnificent Seven Plus ETF

The fund tracks 11 companies:

Magnificent Seven:
Google $GOOGL, Amazon $AMZN, Apple $AAPL, Meta $META, Microsoft $MSFT, Nvidia $NVDA, Tesla $TSLA
Magnificent

Plus:
Broadcom… pic.twitter.com/UHT2j89nGH

— ETF Tracker (@TheETFTracker) May 4, 2026

The proposed ETF will track a basket of 11 companies. This would include the so-called "Magnificent Seven" — Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), Microsoft Corp (NASDAQ:MSFT), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:

Full story available on Benzinga.com

Hedge Funds Launch Biggest Tech Stock Pullback In Over 10 Years— What's Going On?

Sweta Killa — Mon, 04 May 2026 11:46:00 +0000

Hedge funds are rapidly dialing back their exposure to U.S. technology stocks, marking the most aggressive pullback in over a decade, according to market commentary from The Kobeissi Letter.

Largest Two-Week Reduction in Years

In a Sunday post on X, the letter stated that hedge funds have recorded their biggest two-week reduction in U.S. information technology exposure in the past 10 years, excluding the extraordinary volatility seen during the meme stock frenzy in early 2021.

The letter said the shift was "driven by long sales outpacing short covers at a ratio of 1.5 to 1." It marked the move as profit-taking, with funds "cashing-in massive profits in tech."

Hedge funds are rushing to reduce tech exposure:

Hedge funds just posted their largest 2-week reduction in US information technology exposure over the last decade, excluding the meme stock frenzy in early 2021.

This was driven by long sales outpacing short covers at a ratio of… pic.twitter.com/Jxe3NVrcnn

— The Kobeissi Letter (@KobeissiLetter) May 3, 2026

Sell-Off Mirrors Michael Burry Move

The trend aligns with ...

Full story available on Benzinga.com

Ackman: We Favored 'Retail Allocations Over Institutional Orders'

Bibhu Pattnaik — Sat, 02 May 2026 18:20:17 +0000

Billionaire hedge fund manager Bill Ackman has that he was clarifying why his newly listed closed-end funds, Pershing Square USA (PSUS) and Pershing Square Inc. (PS), slid after listing, pointing to how late-day trading mechanics collided with an unusually retail-heavy allocation. The explanation came as investors digested details of a combined IPO targeting $5 billion at $50 a share that included special terms for cornerstone buyers and a dual-ticker debut.

In a post on X, Ackman shared that his team gave retail buyers full allocations while trimming institutional fills, a reversal of the typical pecking order in new issues.

In the same combined offering, the new fund was structured so buyers would receive one Pershing Square Inc. share for every five shares purchased in Pershing Square USA, while cornerstone participants were set to receive 1.5 Pershing Square Inc. shares for every five PSUS shares.

I did not blame retail investors for PSUS' and PS' price drop. I did explain to the media that we had chosen to favor retail allocations over institutional orders by giving retail investors 100% allocations and cutting back institutions. In most deals, retail investors receive a… https://t.co/WGpka91T7H

— Bill Ackman (@BillAckman) April 30, 2026

Retail Investors Caught In IPO Timing Trap

The shared reader stake is settlement-driven liquidity risk, because both accounts describe how allocation size and trading timing can force sales that pressure prices.

Ackman said the stocks didn't open until 1:55 p.m., leaving a narrow window for investors who wound up with more ...

Full story available on Benzinga.com

Bill Ackman's 'Concentrated Conviction' Turned $10K Into $460K— He Says 'Long Term' Investors Always Win

Rishabh Mishra — Fri, 01 May 2026 10:23:21 +0000

As billionaire investor Bill Ackman launches his new retail-friendly closed-end fund, Pershing Square USA, he is making a bold case against standard index investing: deep research into a handful of exceptional companies vastly outpaces the broader market.

The Math Behind The Outperformance

For retail investors wondering why they shouldn’t just park their cash in an S&P 500 index fund, Ackman points directly to his two-decade track record.

“In January of 2004… you invested $10,000… at the end of last year, you would have had $90,000” in the broader market, Ackman explained in a comversation with TheStreet. “But had you invested in… our strategy… you would have had $460,000.”

Ackman attributes this massive wealth generation—achieved net of all fees—to actively picking the absolute best the index has to offer rather than blindly buying the entire basket.

Betting Big On ‘Concentrated Conviction’

Rather than holding hundreds of equities, Pershing Square targets just a dozen to 15 “super durable growth companies.” During a rapid-fire exchange, Ackman definitively chose “concentrated conviction” over diversified safety.

“We are a very concentrated investor,” Ackman noted. “The top three, the top four can be half the portfolio.” By deeply researching and often stepping in to help these businesses succeed, Ackman is confident he can generate ...

Full story available on Benzinga.com

Billionaire Investor Takes New Stake In Thermo Fisher Scientific

Lekha Gupta — Thu, 30 Apr 2026 12:29:09 +0000

Hedge fund billionaire Daniel Loeb assumed a stake in the Life Sciences Tools & Services company Thermo Fisher Scientific Inc (NYSE:TMO) at Third Point LLC in the fourth quarter of FY25.

As of Dec. 31, 2025, Loeb bought 50,000 shares in the company.

Recent Key Events

In February, Thermo Fisher Scientific’s Board approved a quarterly dividend of $0.47 per share, payable on April 15, 2026, to shareholders of record as of March 13, 2026. The new dividend represents a 10% increase from the prior $0.43 payout.

Thermo Fisher Scientific agreed to divest its microbiology business to Astorg for approximately $1.075 billion, including cash and a $50 million seller note.

This month, the company reported first-quarter 2026 adjusted earnings of $5.44 per share, beating the street view of $5.24.

The life science giant's quarterly sales of $11.01 billion increased 6% year-over-year, beating the analyst consensus estimate of $10.85 billion. Organic revenue growth was 1%.

Thermo Fisher Scientific raised its fiscal 2026 adjusted earnings per share guidance from $24.22-$24.80 to $24.64-$25.12 versus the consensus ...

Full story available on Benzinga.com

Hedge Fund Billionaire Ken Griffin Warns Wealthy Investors May Not Grasp Private Credit Risks— 'The Real Issue Here Is...'

Tanya Rawat — Wed, 29 Apr 2026 10:50:05 +0000

Hedge fund billionaire Ken Griffin has questioned whether wealthy individuals truly understand the risks of investing in private credit, warning they may struggle to access their money in a downturn.

Griffin, founder of $67 billion hedge fund Citadel and trading firm Citadel Securities, made the comments in an interview with the Financial Times, as the private credit industry faces mounting redemption pressures and growing concerns over bad loans.

Liquidity Mismatch At The Core

“The real issue here is the liquidity mismatch between the wealthy investors and the duration of the investments,” Griffin said. “We live in a world where investors have become accustomed to having immediate liquidity for their investments — investing in private credit is a different story.”

Griffin also questioned whether wealthy investors fully grasped what they were buying into. “Retail was viewed as a phenomenal channel from which to raise assets,” he said. “But did the retail investors really understand the nature of the investment they were making?”

The private credit industry comprising funds that make direct loans to private equity-owned companies, has more than $3.5 trillion in assets, according to the Alternative Investment Management Association.

Firms including Blackstone (NYSE:BX), Apollo Global Management

Full story available on Benzinga.com

Bill Ackman's Pershing Square Set For Record $5 Billion Closed-End Fund IPO: Report

Namrata Sen — Tue, 28 Apr 2026 12:09:34 +0000

Billionaire Bill Ackman‘s Pershing Square is reportedly on the verge of raising $5 billion for his new closed-end ‌fund, Pershing Square USA, which is part of a combined initial public offering.

The fund will trade under the ticker PSUS, with shares priced at $50 each. Pershing Square Inc. will also start trading on Wednesday under the ticker PS. Initially, the company aimed to raise between $5 billion and $10 billion, but later settled on a $5 billion target, according to Reuters.

Investors in the new fund will receive 1 Pershing Square share for every 5 shares they buy in the new fund.

The offering was oversubscribed, with institutional investors accounting for over 85% of orders, as per the report.

Cornerstone investors are anticipated to provide $2.8 billion of the total $5 billion. Their investments will be locked in for six months, and they will receive 1.5 Pershing Square shares for every ...

Full story available on Benzinga.com

Billionaire Investor Cuts Tylenol Maker Kenvue Stake By 64%

Lekha Gupta — Fri, 24 Apr 2026 18:19:25 +0000

Hedge fund billionaire Daniel Loeb slashed his stake in the consumer health company Kenvue Inc. (NYSE:KVUE) at Third Point LLC in the fourth quarter of FY25.

As of Dec. 31, 2025, Loeb reduced his stake in the company by 64% to 3.25 million shares from about 9.0 million shares in the third quarter of 2025.

Notably, Kenvue was formerly a part of Johnson & Johnson (NYSE:JNJ) before becoming an independent company in August 2023. The company's major products include several J&J brands, including Tylenol, Listerine, Neutrogena, and Nicorette.

Recent Key Events

In February, Kenvue reported fourth-quarter earnings of 27 cents per share, which beat the consensus of 22 cents. The company reported sales of $3.780 billion, which exceeded the consensus estimate of $3.681 billion.
The company’s Board approved an initiative to streamline its operating model, which is expected to reduce the workforce by approximately 3.5%. The program is projected to incur pre-tax restructuring ...

Full story available on Benzinga.com

This AI Stock Rocketed 700% — Billionaire Lewis Sanders Is Cashing In (And It's Not Nvidia)

Surbhi Jain — Fri, 17 Apr 2026 15:35:16 +0000

The AI trade isn't just about chips — and one billionaire's latest move is a reminder of where the real money has quietly been made.

Seagate Technology Holdings PLC (NASDAQ:STX) stock has surged more than 700% from its April 2025 lows, turning a once-overlooked hardware name into one of the market's most explosive AI plays.

Now, one of its biggest institutional backers is dialing exposure back.

• Seagate Technology stock is approaching key resistance levels. What’s driving STX to record levels?

SEC Filing Shows Stake Reduction

According to a recent SEC filing dated April 16, billionaire hedge fund manager Lewis Sanders — via Sanders Capital — held 17,180,892 shares of Seagate ...

Full story available on Benzinga.com

Daikin Shares Jump Over 9% In Tokyo As Elliott Reportedly Snaps Up Stake And Looks To Enhance Performance (UPDATED)

Namrata Sen — Thu, 16 Apr 2026 12:19:36 +0000

(Editor’s note: This story was updated on April 17 to include Daikin’s statement)

Shares of Japan’s Daikin Industries (OTC:DKILY) (OTC:DKILF) jumped on Thursday after U.S. activist investor Elliott Investment Management said it would work with the air conditioner and refrigerator maker to enhance performance and narrow its valuation gap with peers.

Daikin’s shares closed 9.09% higher at ¥22,090 ($138.96) in Tokyo trading, as Japan’s Nikkei 225 hit an all-time high amid a broader rally in Asian markets.

The activist investor plans to collaborate with Daikin to improve performance and narrow the valuation gap with its rivals. Elliott said on Wednesday that its major investment in the Japanese cooling solution giant reflects confidence that the company's strong businesses and long-term growth are undervalued.

The U.S. investment firm views Daikin’s forthcoming medium-term management plan as a chance to rectify the undervaluation issues.

Elliott intends to disclose specific measures to widen margins, enhance shareholder returns, and reassess its portfolio of non-core businesses. While ...

Full story available on Benzinga.com

This Viral Bagel Chain Could Be Worth $300 Million After Tiger Global's Bet

Eva Mathew — Sat, 11 Apr 2026 02:12:06 +0000

Investment firm Tiger Global Management has quietly backed PopUp Bagels, reportedly taking the viral NYC chain’s valuation to a five-fold surge in just five months.

The late-March investment values the chain at $300 million, according to a Bloomberg report published on Friday.

Pop Up Bagels and Tiger Global did not immediately respond to Benzinga‘s requests for comment.

Tiger Global’s Selective Comeback

Tiger Global made its name backing high-growth technology companies such as Meta Platforms Inc (NASDAQ:META). After pulling back from aggressive venture bets following the 2022 tech downturn that saw its portfolio drop over ...

Full story available on Benzinga.com

VC Firm Eclipse Raises $1.3 Billion To Chase Hard-Tech Boom As CEO Touts 'Best Time To Build'

Eva Mathew — Wed, 08 Apr 2026 07:27:14 +0000

Eclipse has raised $1.3 billion in fresh capital in its largest fundraise to date, as the venture capital firm doubles down on startups building in capital-intensive sectors like AI infrastructure, robotics, manufacturing and defense.

The raise includes $720 million for early-stage investments and $591 million for later-stage deals, according to regulatory filings on Tuesday. The funds were backed by U.S.-based limited partners, including university endowments, foundations and hospital systems.

A Bigger Bet On ‘Hard Tech’

Founded in 2015, Eclipse focuses on "physical industries,” meaning sectors that blend software with real-world production.

Its portfolio includes AI chipmaker Cerebras Systems, autonomous driving startup Wayve and battery supply chain firm Redwood Materials. The firm was also an early backer of chip designer Nvidia Corp (NASDAQ:NVDA).

The new fundraising surpasses Eclipse’s previous $1.23 billion raise ...

Full story available on Benzinga.com