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 | $887,999,889 |
Change This QTR | +0.78% |
No. | Security | Ticker | Shares | Value | Activity | % Port | History |
---|---|---|---|---|---|---|---|
1. | AMZN | 299,784 | $57,933,258 | -5% | 6.52% | ||
2. | NVDA | 443,645 | $54,807,903 | -10% | 6.17% | ||
3. | MSFT | 99,483 | $44,463,927 | -1% | 5% | ||
4. | AVGO | 276,600 | $44,408,960 | +10% | 5% | ||
5. | META | 68,502 | $34,540,078 | -6% | 3.88% |