Keep an eye on May 15
On that date, every hedge fund with $100M+ in equities will file their 13F with the SEC
On that date, we'll know the newest moves from:
• Leopold Aschenbrenner — Situational Awareness LP
• Bill Ackman — Pershing Square
• Greg Abel — Berkshire Hathaway
• David Tepper — Appaloosa Management
And many more
Everyone will be paying close attention to changes made by the top fund managers
Retail investors are dumping long-term Treasuries:
The 20+ Year Treasury Bond ETF, $TLT, has seen -$15 billion in total outflows since September 2024.
Over the same period, the 0-3 Month Treasury Bond ETF, $SGOV, has attracted +$57 billion in inflows.
This comes as long-term Treasuries are experiencing their worst bear market in history.
During this period, $TLT has declined -9.1% while $SGOV has gained +6.9%.
Over the last 6 years, $TLT has lost -39.7% of its value while short-term Treasuries are up +18.7%.
Meanwhile, the 30-year Treasury yield is up to 4.98%, approaching 5.00% for the first time since September 2025.
Long-term bonds have become extremely unpopular.
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