兩個Sigma的10股股票有巨大的上行潛力

我們最近發布了一份億萬富翁Quants的兩個Sigma的10個股票選秀權，具有巨大的上升潛力。在本文中，我們將看看Coinbase Global的位置

Two Sigma Advisors is one of the leading players in the quantitative hedge fund space, according to Archive Market Research’s analysis. The quant fund manages a portfolio of assets valued at $60 billion as of April 2025. It is also a firm that is managed by two brilliant minds: David Siegel, a computer scientist, and John Overdeck, a mathematician. The duo founded the hedge fund in 2001.

根據Archive Market Research的分析，兩名Sigma Advisors是定量對沖基金領域的主要參與者之一。該量子基金管理著截至2025年4月的資產組合，價值為600億美元。它也是一家由兩個出色的頭腦管理的公司：計算機科學家David Siegel和數學家John Overdeck。兩人於2001年成立了對沖基金。

Quant funds and their multi-strategy counterparts often do well in the market. A Reuters analysis found that many quant hedge funds posted double-digit growth in 2024. This growth happened despite “negative drivers” in sectors like energy, metals, and European equities. Two Sigma, alongside quant funds like D.E. Shaw and Citadel, also managed solid performance last year.

量化基金及其多策略對應物通常在市場上表現良好。路透社的一項分析發現，許多Quant對沖基金在2024年佔了兩位數的增長。儘管能源，金屬和歐洲股票等領域的“負面驅動因素”還是“負面的驅動因素”。去年，兩個Sigma與De Shaw和Citadel這樣的Quant資金以及諸如De Shaw和Citadel的Quant基金也保持了穩定的績效。

The hedge fund’s Spectrum Fund returned 10.9% and 14.3% for the Absolute Return Enhanced Fund. But one might argue that for a hedge fund that relies on complex algorithms to make investment decisions, the asset manager should have beat the market. For context, the S&P 500 finished 2024 with a total gain of 25.0%.

對沖基金的頻譜基金返回了10.9％和14.3％的絕對回報增強基金。但是，人們可能會爭辯說，對於依靠複雜算法做出投資決策的對沖基金，資產經理應該擊敗市場。對於上下文，標準普爾500指數完成了2024年，總收益為25.0％。

Billionaire Ray Dalio’s Bridgewater’s 10 Stock Picks with Huge Upside Potential and Billionaire Mario Gabelli’s 10 Large-Cap Stock Picks with Huge Upside Potential.

億萬富翁雷·達利奧（Ray Dalio）的布里奇沃特（Bridgewater）的10個股票股票具有巨大的上漲潛力，億萬富翁馬里奧·加貝利（Mario Gabelli）的10個大型股票股票具有巨大的上升潛力。

In August last year, the billionaire founders of the hedge fund exited from active management because they couldn’t resolve tension between them.

去年八月，對沖基金的億萬富翁創始人從積極的管理中退出，因為他們無法解決他們之間的緊張局勢。

“Over the past year and a half, we and our senior management team have dedicated significant effort to securing the long-term success and stability of Two Sigma. Throughout this process, our own roles have been a central consideration. Today, we are confident that stepping back from our day-to-day management roles is the right decision at this time,” the co-founders said in a letter to investors.

“在過去的一年半中，我們和我們的高級管理團隊致力於確保兩個Sigma的長期成功和穩定。在整個過程中，我們自己的角色一直是一個核心考慮因素。今天，我們確信從我們的日常管理角色中退步是此時的正確決定，”共同創始人在給投資者的信中是正確的。 ”

But recent reports indicate that Overdeck is returning to active management. “John has determined now is the right time for him to return to this role in order to progress certain priorities and decisions he believes are important to the future of Two Sigma,” Two Sigma said in a letter. Siegel chose to remain outside of the fund’s top ranks but had “full confidence” in Scott Hoffman, one of the Co-CEOs who took over last year.

但是最近的報告表明，Overdeck正在返回主動管理。 “約翰現在已經確定的是他重返這個角色的合適時機，以取得某些優先事項和決定，他認為對兩個西格瑪的未來很重要，”兩位西格瑪在一封信中說。西格爾（Siegel）選擇在該基金最高排名的位置之外，但對去年接任的同事之一斯科特·霍夫曼（Scott Hoffman）具有“完全信心”。

It is good news that Two Sigma will not be held back by feuding management because they need it to help them navigate a challenging market. According to a Reuters analysis, the risk of recession is alarming, even though it may not be as clear-cut. The report quoted Zurich Insurance Group’s chief market strategist, Guy Miller, who said that the risk of a US recession is quite plausible. “Recessions risks have risen markedly even if there are some deals struck on tariffs. The risk of a U.S. recession is 50-50, it’s that close.”

好消息是，兩個Sigma不會因管理層的爭執而阻止，因為他們需要它來幫助他們在具有挑戰性的市場中導航。根據路透社的分析，即使衰退的風險可能並不明確，衰退的風險也令人震驚。該報告引用了蘇黎世保險集團的首席市場策略師蓋伊·米勒（Guy Miller），他說，美國衰退的風險是非常合理的。 “即使在關稅上達成了一些交易，衰退的風險也明顯增加。美國衰退的風險是50-50，這是如此接近。”

We sifted through Two Sigma Advisors’ SEC Q4 2024 13F filings to create this list. We are primarily interested in the fund’s most valuable equity holdings (excluding ETFs and options). From there, we ranked the picks based on analyst price targets as of May 8, 2025. We are picking stocks with an upside potential of at least 30% and then selected the top 10. We have also added the broader hedge fund sentiment for the stocks, as of Q4 2024.

我們篩選了兩個Sigma Advisors的SEC Q4 2024 13F文件，以創建此列表。我們主要對基金最有價值的股權持有（不包括ETF和選項）感興趣。從那裡開始，我們根據分析師的價格目標對截至2025年5月8日進行了排名。我們正在選擇具有至少30％的股票，然後選擇了前10名。截至2024年第4季度，我們還為股票添加了更廣泛的對沖基金情緒。

Why Are We Tracking Hedge Funds?

我們為什麼要跟踪對沖資金？

We are tracking hedge funds' moves to identify promising investment opportunities. Our research has shown that following the preferred stock picks of the best hedge funds can generate significant alpha.

我們正在跟踪對沖基金的舉動，以確定有希望的投資機會。我們的研究表明，遵循最佳對沖基金的首選股票可以產生重要的alpha。

The best part? A hedge fund portfolio strategy is not limited to only 13F reports. It can also include information obtained through a firm’s earnings reports or management commentary throughout the quarter.

最好的部分？對沖基金投資組合策略不僅限於13F報告。它還可以包括整個季度通過公司收益報告或管理評論獲得的信息。

In addition to the 13F filings, hedge funds are required to report their holdings on a quarterly basis. But they are also required to disclose their positions in Form 4s within two business days of any transaction. These documents are crucial for monitoring any changes in a hedge fund’s portfolio.

除了13F文件外，對沖基金還必須每季度報告其股份。但是，他們還必須在任何交易後的兩個工作日內以4s表格披露其職位。這些文件對於監視對沖基金投資組合中的任何變化至關重要。

What Is 13F Form and How Is It Used?

什麼是13F形式，如何使用？

Institutions with over $100 million in assets are required to file their equity holdings on a quarterly basis. This is done with a Form 13F, which must be filed within 45 days of the quarter’s end. For example, if we are looking at the fourth quarter of 2024, the 13F filing deadline is January 15, 2025.

要求超過1億美元的資產的機構必須季度提交其股權持有。這是通過13F表格完成的，該表格必須在該季度結束後的45天內提交。例如，如果我們正在研究2024年第四季度，則13F申請截止日期是2025年1月15日。

These 13F forms provide a snapshot of an institution’s investment activity and preferences. They offer valuable insights into which stocks are attracting the attention of top investors.

這些13F表格提供了機構投資活動和偏好的快照。他們提供了寶貴的見解，以吸引頂級投資者的注意力。

Coinbase Global, Inc. (NASDAQ:COIN)

Coinbase Global，Inc。 （NASDAQ：COIN）