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The WSB Hedge Fund: 2020 Annual Report
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Buffett gives his shareholders 10 page annual letters, I know my audience so I’ll aim for half a page with lots of pictures. This fund is simulated, although it is pretty arbitrary easy to implement with the data available via API.
Note that you can find a full report with interactive visualizations here, which makes it easier to parse the graphs.
Performance
Strategy
- Scrape previous week’s WallStreetBets discussion.
- Identify the five most mentioned stocks.
- Buy those stocks at the start of the trading week, sizing positions based on how much they were talked about in proportion to each other.
- Sell positions at the end of the trading week.
- Repeat
I considered examining the sentiment behind discussion of different tickers and constructing a market-neutral portfolio, but decided that taking short positions sounded like some bear shit and chose to steer clear.
Below is a visualization showing what the portfolio looked like every week this year. Note the bar sizes increasing and decreasing depending on how much capital we have to invest. If you double-click items in the legend, you can isolate tickers to see how our holdings in them changed over time
Below is a graph of the most commonly held tickers. No surprise to see $TSLA on top, and quite frankly it carried the fund out of the COVID dip and into profitability.
Let me know if you have any questions about how the fund and congratulations on your outstanding returns this year.
Top Comment:
So you took 100k and invested it on the advice of 10 year olds and adults living in their moms basement. And turned a 65% return. You sir are a genius. How do I get in on the fund.
This is a Hedge Fund Insider Report That Was Made A Month Ago In Early February After The First Gamma Squeeze (Continue To Stick Together, Buy and HODL)
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Make of this what you will
Original Post by by OhioDiver29
https://web.archive.org/web/20210204172028/https://www.reddit.com/r/wallstreetbets/comments/lcki4u/gme_hedge_fund_insider_reporting/
Edit: this is not financial advice
As you can see, most of things going on with GME right now are just MSM being paid to lure normies into selling their positions. For background, I work in one of the major finance companies, not on finance but with machine learning/time series prediction, but I've lots of meetings with lots of people, and people talk. I can't give away too much info because it may cost my job, but the deep shit going on is over the charts, in 100 years this event will be spoken of.
First of all, not all hedge funds shorted GME, this is important because of what is about to happen, some funds managers are actually selling the assholes of their wives and first born sons to banks to get loans, I'm speaking of exorbitant amounts, remember that 35% of the dollars ever printed were printed last year, guess who is going to get a big piece of that ? Why ? They want to be the bigger fish on the aquarium, WSB opened the door for few hedge funds to expand brutally by destroying others.
Maybe people here didn't realize yet what they started, but it has epic proportions and you are living it right now. Second, big hedge funds are partnering up, but this is where comes the problem, imagine that you will try to rob a bank, what make you sure that the people that you partner with won't kill you to have less people to share the money with ? This is the current situation, this is the waiting, hedge funds, including the company that I work with are waiting for the money, and to see who they can trust. In the end they will all backstab each other, this is the finance industry, you can't deny it. Because soon as the price skyrocket to alpha centauri, guess who will be greedy to start another fucked up short ? Yes, the hedge funds, all over again, but is far easier to short at 750$, so is just a matter of who will short first. At work lots of people are absurdly greedy regarding shorting it, that was what created this opportunity, but some people never learn.
This is why you should hold, I'm holding just for fun and to see this shit show, if one day I sell, I will get the dollar bills and put in a frame in my wall, we are living the WW III of financial markets, now we are on the ships awaiting to arrive to the beach on a new D day, meanwhile some hedge funds are on our side (long, but don't think that they care about you as a person) coming with the atomic bombs. One risk that we escalated at work is that paper hands (as you like to call them) may sell leaving the other funds not vulnerable to a massive attack, rendering all this useless. Hold if you can, this is a game of patience, soon the direction will change, fucking huge buy orders will come and they will artificially inflate the price while other funds will have to think fast on get bankrup sooner, or be bankrupt later.
Can't say much, but few funds already gave their CEOs and managers some quite fat bonuses, why ? This is the last song, last dance, they are looting the ship before it sinks. You have no reason to believe in me, I'm a random guy on the internet, but pay attention to the fucking events that are going on, and you will understand that this is much bigger than just making few bucks. If you put all of this together, you will see that the silence of operations (see the fucking low volume) means the silence before the storm. Wait to see the news of hedge fund managers hanging themselves
If you monkeys like to read some formal definition of this behavior, read this
https://en.wikipedia.org/wiki/Keynesian_beauty_contest
If you don't understand it, read again, this explains why you don't sell and you need to stick together
Top Comment:
ape saw post
fellow ape speak truth