The top 10 most crowded trades

Patrick Poke

Livewire Markets

ZeroHedge recently shared some interesting data from UBS, the table below shows the most underweight and overweight positions by institutions on ASX stocks. Here’s how the UBS team measures the position weights: “Using the institutional ownership data provided by FactSet, we form an active trading portfolio by aggregating positions across global active managers. Essentially, we sum up all the holdings in dollar value across all the active managers and calculate the weights of stocks in this active trading portfolio. We then compare this weight with the relevant equity index benchmark to form the active weight.” Regardless of whether you’re a contrarian on a trend-follower, the data are fascinating to observe. See the link for data on US, European, and emerging market stocks: (VIEW LINK)


Patrick Poke
Managing Editor
Livewire Markets

Patrick was one of Livewire’s first employees, joining in 2015 after nearly a decade working in insurance, superannuation, and retail banking. He is passionate about investing, with a particular interest in Australian small-caps.

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