两个Sigma的10股股票有巨大的上行潜力

我们最近发布了一份亿万富翁Quants的两个Sigma的10个股票选秀权，具有巨大的上升潜力。在本文中，我们将看看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.

根据Archive Market Research的分析，两名Sigma Advisors是定量对冲基金领域的主要参与者之一。该量子基金管理着截至2025年4月的资产组合，价值为600亿美元。它也是一家由两个出色的头脑管理的公司：计算机科学家David Siegel和数学家John Overdeck。两人于2001年成立了对冲基金。

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对应物通常在市场上表现良好。路透社的一项分析发现，许多Quant对冲基金在2024年占了两位数的增长。尽管能源，金属和欧洲股票等领域的“负面驱动因素”还是“负面的驱动因素”。去年，两个Sigma与De Shaw和Citadel这样的Quant资金以及诸如De Shaw和Citadel的Quant基金也保持了稳定的绩效。

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%.

对冲基金的频谱基金返回了10.9％和14.3％的绝对回报增强基金。但是，人们可能会争辩说，对于依靠复杂算法做出投资决策的对冲基金，资产经理应该击败市场。对于上下文，标准普尔500指数完成了2024年，总收益为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.

亿万富翁雷·达利奥（Ray Dalio）的布里奇沃特（Bridgewater）的10个股票股票具有巨大的上涨潜力，亿万富翁马里奥·加贝利（Mario Gabelli）的10个大型股票股票具有巨大的上升潜力。

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，对冲基金的亿万富翁创始人从积极的管理中退出，因为他们无法解决他们之间的紧张局势。

“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.

“在过去的一年半中，我们和我们的高级管理团队致力于确保两个Sigma的长期成功和稳定。在整个过程中，我们自己的角色一直是一个核心考虑因素。今天，我们确信从我们的日常管理角色中退步是此时的正确决定，”共同创始人在给投资者的信中是正确的。”

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.

但是最近的报告表明，Overdeck正在返回主动管理。 “约翰现在已经确定的是他重返这个角色的合适时机，以取得某些优先事项和决定，他认为对两个西格玛的未来很重要，”两位西格玛在一封信中说。西格尔（Siegel）选择在该基金最高排名的位置之外，但对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，两个Sigma不会因管理层的争执而阻止，因为他们需要它来帮助他们在具有挑战性的市场中导航。根据路透社的分析，即使衰退的风险可能并不明确，衰退的风险也令人震惊。该报告引用了苏黎世保险集团的首席市场策略师盖伊·米勒（Guy Miller），他说，美国衰退的风险是非常合理的。 “即使在关税上达成了一些交易，衰退的风险也明显增加。美国衰退的风险是50-50，这是如此接近。”

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.

我们筛选了两个Sigma Advisors的SEC Q4 2024 13F文件，以创建此列表。我们主要对基金最有价值的股权持有（不包括ETF和选项）感兴趣。从那里开始，我们根据分析师的价格目标对截至2025年5月8日进行了排名。我们正在选择具有至少30％的股票，然后选择了前10名。截至2024年第4季度，我们还为股票添加了更广泛的对冲基金情绪。

Why Are We Tracking Hedge Funds?

我们为什么要跟踪对冲资金？

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.

我们正在跟踪对冲基金的举动，以确定有希望的投资机会。我们的研究表明，遵循最佳对冲基金的首选股票可以产生重要的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？对冲基金投资组合策略不仅限于13F报告。它还可以包括整个季度通过公司收益报告或管理评论获得的信息。

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，对冲基金还必须每季度报告其股份。但是，他们还必须在任何交易后的两个工作日内以4s表格披露其职位。这些文件对于监视对冲基金投资组合中的任何变化至关重要。

What Is 13F Form and How Is It Used?

什么是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.

要求超过1亿美元的资产的机构必须季度提交其股权持有。这是通过13F表格完成的，该表格必须在该季度结束后的45天内提交。例如，如果我们正在研究2024年第四季度，则13F申请截止日期是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.

这些13F表格提供了机构投资活动和偏好的快照。他们提供了宝贵的见解，以吸引顶级投资者的注意力。

Coinbase Global, Inc. (NASDAQ:COIN)

Coinbase Global，Inc。（NASDAQ：COIN）