Grzegorz Dróżdż, an analyst at Conotoxia Ltd. associated with the Cinkciarz.pl portal, noticed that the defensive strategy has been dominating the American investment market in recent days.
Who attracted the super investors?
As Dróżdż comments, in contrast to the dynamic market growth we saw in Q2 2024, the largest investors are buying little, but they are selling willingly. They are getting rid of shares of companies from the consumer goods, financial and, unusually for today, technological sectors. If they do buy, they adopt a defensive strategy, investing in entities from the industrial, basic goods and healthcare sectors.
Warren Buffett’s Berkshire Hathaway fund has done best recently, attracting nine superinvestors. United Health Group has attracted eight investors, and in third place, despite the general investment slump in the sector, is the tech giant Microsoft.
Warren Buffett is getting rid of Apple shares
Meanwhile, the most famous investors are behaving as if they know something we don’t. Warren Buffett has sold nearly half of his Apple shares, previously divested himself of Snowflake and Paramount Global, and reduced his holdings in Chevron.
In turn, the man who predicted the 2008 financial crisis, superinvestor Michael Burry, focused on Chinese stocks: previously Baidu and Alibaba, and more recently Shift4 Payments, Molina Healthcare and Hudson Pacific Properties. He got rid of gold, transport, oil and financial companies. “It seems that superinvestors are now approaching today’s market realities with a much greater distance than the rest,” Dróżdż commented.
