PremiumThe Most Crowded Hedge Fund Stocks And Themes: August Update
If only Leopold Aschenbrenner had read our last Hedge Fund Concentration report, published one month ago, he may have realized that everyone, literally everyone, was long the same few chip stocks that his Situational Awareness was bullish on, and considering the Korean levels of leverage the 24-year-old had quietly applied to the positions, may have even saved his doomed hedge fund - the amusingly misnamed Situational Awareness - by quietly liquidating some of his extremely crowded positions and avoiding the crushing margin calls that would follow just weeks later.
He didn't and, well, his loss. But that doesn't mean that others can't learn from his mistakes.