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 Name: | ZWEIG DIMENNA PARTNERS |
Manager | Joe Dimenna |
Portfolio Value | $886,643,222 |
Change This QTR | +1.05% |
No. | Security | Ticker | Shares | Value | Activity | % Port | History |
---|---|---|---|---|---|---|---|
1. | AMZN | 316,655 | $48,112,561 | +10% | 5.42% | ||
2. | MSFT | 97,710 | $36,742,868 | +3% | 4.14% | ||
3. | EG | 100,410 | $35,502,968 | +3% | 4% | ||
4. | NVDA | 54,790 | $27,133,104 | +27% | 3.06% | ||
5. | AVGO | 23,525 | $26,259,781 | -2% | 2.96% |