Hedge Fund ‘Crowding’ Hits Record Amid Mega-Cap Rally

Earlier this week, in one of the dailies, I included a chart depicting record hedge fund crowding. A few readers asked for additional context. The visual was from Goldman's quarterly hedge fund monitor. In the latest installment, covering Q3 and published this week, the bank analyzed holdings across 735 funds with nearly $2.5 trillion of gross equity positions ($1.6 trillion long and around $800 billion short). I wouldn't call these reports "must read" material exactly, but as sell-side resear