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 | $1,145,140,558 |
Change This QTR | +1.29% |
No. | Security | Ticker | Shares | Value | Activity | % Port | History |
---|---|---|---|---|---|---|---|
1. | AMZN | 314,784 | $56,780,738 | -1% | 4.95% | ||
2. | NVDA | 49,222 | $44,475,030 | -11% | 3.88% | ||
3. | MSFT | 99,808 | $41,991,222 | +3% | 3.66% | ||
4. | EG | 95,244 | $37,859,490 | -6% | 3.3% | ||
5. | META | 72,377 | $35,144,824 | +2% | 3.06% |