Asset Allocation & Fund Positioning, Copley Fund Research

Steven Holden

Asset Allocation & Fund Positioning

Copley Fund Research

Copley Fund Research provide research and data on asset allocation among Global and Emerging Market equity funds.  The analysis details absolute and relative positioning across countries, sectors and industries together with highly granular data on single stock and single fund allocations.  The data is updated monthly with time series going back to January 2011.

Global Research - Analysis of 165 prominent Global equity funds, combined AUM $335bn
GEM Research - Analysis of 127 prominent global EM equity funds, combined AUM $250bn

Asset Allocation - Global and GEM Equity

Cross Asset Strategy

<ul>
<li>AI boom reflected in record fund ownership in ASML Holding NV (ASML NA), NVIDIA Corp and Taiwan Semiconductor (TSMC) (2330 TT).</li>
<li>The 'Magnificent 7' group of stocks have hit a record underweight of -6.83% below the MSCI ACWI index.  They collectively account for 11.2% of the average Global fund.</li>
<li>Recovery Stocks: The old guard of At&amp;T Inc (T US), International Business Machines (IBM US) and General Electric (GE US) appear to be gathering some support from active Global funds.</li>
</ul>


AI boom reflected in record fund ownership in ASML Holding NV (ASML NA), NVIDIA Corp and Taiwan Semiconductor (TSMC) (2330 TT).
The 'Magnificent 7' group of stocks have hit a record underweight of -6.83% below the MSCI ACWI index.  They collectively account for 11.2% of the average Global fund.
Recovery Stocks: The old guard of At&amp;T Inc (T US), International Business Machines (IBM US) and General Electric (GE US) appear to be gathering some support from active Global funds.


Global Stock Positioning:  MSFT Dominates, Mag7 Record U/W, Apple Inflows, Tobacco Uninvestable?

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>General Dynamics reported solid financial performance for the third quarter of 2024, with earnings of $3.35 per diluted share on revenue of $11.67 billion and operating earnings of $1.18 billion.</li><li>This reflects a 10.4% revenue increase and an 11.2% rise in net earnings compared to the previous year.</li><li>Specific growth was noted in the Aerospace segment, which saw a 22% increase, and the Marine Systems segment, which improved by 20%.</li></ul>

General Dynamics reported solid financial performance for the third quarter of 2024, with earnings of $3.35 per diluted share on revenue of $11.67 billion and operating earnings of $1.18 billion.This reflects a 10.4% revenue increase and an 11.2% rise in net earnings compared to the previous year.Specific growth was noted in the Aerospace segment, which saw a 22% increase, and the Marine Systems segment, which improved by 20%.

General Dynamics Corporation: Is The Combat Systems' Sustained Growth & Market Expansion Here To Stay? - Major Drivers

<ul><li>General Electric Aerospace's second quarter of 2024 results reflect a company in transformation, grappling with both significant growth opportunities and considerable operational challenges.</li><li>As an independent entity, focusing exclusively on aerospace, General Electric Aerospace has made strides in securing key orders and advancing technological innovations but is simultaneously contending with supply chain bottlenecks that are impeding its ability to meet increasing demand.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

General Electric Aerospace's second quarter of 2024 results reflect a company in transformation, grappling with both significant growth opportunities and considerable operational challenges.As an independent entity, focusing exclusively on aerospace, General Electric Aerospace has made strides in securing key orders and advancing technological innovations but is simultaneously contending with supply chain bottlenecks that are impeding its ability to meet increasing demand.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

GE Aerospace: Advancements in Aerospace Engine Technology

<ul><li>General Dynamics recently presented their second quarter 2024 financial results, reflecting notable growth across their business segments with some operational challenges specifically in their Aerospace division.</li><li>This analysis delves into both the positive outcomes and areas of concern from their performance to provide a balanced investment perspective.</li><li>Starting with their strengths, General Dynamics displayed robust revenue increases across all their four business segments, highlighting an 18% overall growth.</li></ul>

General Dynamics recently presented their second quarter 2024 financial results, reflecting notable growth across their business segments with some operational challenges specifically in their Aerospace division.This analysis delves into both the positive outcomes and areas of concern from their performance to provide a balanced investment perspective.Starting with their strengths, General Dynamics displayed robust revenue increases across all their four business segments, highlighting an 18% overall growth.

General Dynamics Corporation: Robust Defense Order Book & Pipeline Driving Future Growth! - Major Drivers

<ul><li>General Electric Company, known as GE, recently marked a significant milestone by completing the spin-off of GE Vernova and launching GE Aerospace, positioning the company as a focused leader in the aerospace and defense industry.</li><li>This transition follows the successful spin-off of GE Healthcare last year, achieving a strategic restructuring aimed at strengthening the company's core operations and financial health.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

General Electric Company, known as GE, recently marked a significant milestone by completing the spin-off of GE Vernova and launching GE Aerospace, positioning the company as a focused leader in the aerospace and defense industry.This transition follows the successful spin-off of GE Healthcare last year, achieving a strategic restructuring aimed at strengthening the company's core operations and financial health.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

General Electric Company: Is The Healthy Demand In Renewables Here To Stay? - Major Drivers

United States

General Electric Company is a globally diversified technology and financial services company. The Company's products and services include aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing, and industrial products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

General Electric (GE US)

Global Stock Positioning: MSFT Dominates, Mag7 Record U/W, Apple Inflows, Tobacco Uninvestable?

The latest in stock-level investor positioning among over 300 active Global funds. We explore the AI boom, key over/underweights, Tobacco's...

Steven Holden

General Dynamics Corporation: Is The Combat Systems' Sustained Growth & Market Expansion Here To Stay? - Major Drivers

General Dynamics reported solid financial performance for the third quarter of 2024, with earnings of $3.35 per diluted share on revenue of $11.67...

Baptista Research

GE Aerospace: Advancements in Aerospace Engine Technology

General Electric Aerospace's second quarter of 2024 results reflect a company in transformation, grappling with both significant growth...

Baptista Research

General Dynamics Corporation: Robust Defense Order Book & Pipeline Driving Future Growth! - Major Drivers

General Dynamics recently presented their second quarter 2024 financial results, reflecting notable growth across their business segments with...

Baptista Research

General Electric Company: Is The Healthy Demand In Renewables Here To Stay? - Major Drivers

General Electric Company, known as GE, recently marked a significant milestone by completing the spin-off of GE Vernova and launching GE...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)