10 Best Tech Stocks to Buy Now According to Joe Dimenna's Zweig-DiMenna Partners
In this article, we discuss 10 best tech stocks to buy now according to Joe Dimenna's Zweig-DiMenna Partners.
Hedge Fund - ZWEIG DIMENNA PARTNERS
Get Email AlertsJoe Dimenna Bio, Returns, AUM, Net Worth
Martn Zweig and Joe DiMenna founded Zweig-DiMenna Associates in 1984. Zweig-DiMenna returned around 90% between 2006 and 2010. However, their recent performance isn't great. In 2008, their loss was nearly 6%- which is much better than an average hedge fund’s. In 2009, they lost 3.5% when everybody else was recouping their 2008 losses. Over the first 11 months of 2010, their loss was close to 3%.
Martn Zweig and Joe DiMenna founded Zweig-DiMenna Associates in 1984. Zweig-DiMenna returned around 90% between 2006 and 2010. However, their recent performance isn't great. In 2008, their loss was nearly 6%- which is much better than an average hedge fund’s. In 2009, they lost 3.5% when everybody else was recouping their 2008 losses. Over the first 11 months of 2010, their loss was close to 3%.
Zweig-DiMenna usually have a gross long exposure of 95% and a gross short exposure of 40%. So they’re 55% net long on the average. They say their long bias usually range between 25% and 85%. Considering they had 180 stocks in their 13F portfolio and probably short sell a similar number of companies, clearly they aren’t placing their bets randomly. They systematically manage to buy the losers and sell the winners during the past couple of years.
Fund Profile
Filing Period:
| Fund Name: | ZWEIG DIMENNA PARTNERS |
| Manager | Joe Dimenna |
| Portfolio Value | $1,336,953,869 |
| Change This QTR | +1.35% |
Top 13F Holdings
Filing Period:
Last updated on based on SEC 13F filings Last update:
| No. | Security | Ticker | Shares | Value | Activity | % Port | History |
|---|---|---|---|---|---|---|---|
| 1. | Invesco Qqq TrPUTPUT | 300,000 | $153,369,000 | NEW | 11.47% | ||
| 2. | AVGO | 305,381 | $70,799,531 | +4% | 5.29% | ||
| 3. | NVDA | 470,545 | $63,189,488 | +2% | 4.72% | ||
| 4. | AMZN | 283,009 | $62,089,345 | -3% | 4.64% | ||
| 5. | MSFT | 96,728 | $40,770,852 | -2% | 3.04% |
News, Interviews and Investor Letters
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Joe DiMenna founded Zweig-DiMenna Associates with his mentor Martin Zweig in 1984.
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