Funds increase AMD holdings by 9%, with S&P 500 hedge funds showing confidence.

From CNBC: 2024-07-23 10:44:33

A recent review of 13F filings for the 06/30/2024 period showed that 18 funds held Advanced Micro Devices Inc (AMD) shares. It’s important to note that 13F filings only disclose long positions, not short ones.

Among the recent filers, some funds increased their AMD positions while others decreased. In aggregate, funds increased their AMD holdings by 2,494,155 shares between 03/31/2024 and 06/30/2024, a 9.00% increase.

Although individual 13F filings may not provide a complete picture, analyzing data across groups of funds can reveal interesting trends. 10 S&P 500 Components Hedge Funds are buying AMD shares, indicating confidence in the company’s potential growth.



Read more at CNBC: See Which Of The Latest 13F Filers Holds AMD