Hazeltree：避險基金8月加碼做空消費類股

倫敦，9月16日（路透社）— 資料平台Hazeltree週三發布的報告顯示，避險基金8月加碼做空消費相關公司，並削減部分AI相關股票的做空部位，但對Alphabet的看法轉趨更偏空。LONDON, Sept 16 (Reuters) - Hedge funds increased bets against consumer-focused companies in August and cut some of their bets against AI-related stocks, but turned more bearish towards Alphabet, according to a report on Wednesday from data platform Hazeltree.

上月，隨著中東戰事升溫，油價與全球債券殖利率上揚，使消費者面臨更高的燃油價格與借貸成本。Last month, as the war in the Middle East intensified, oil prices and global bond yields rose, leaving consumers facing higher fuel prices and borrowing costs.

非必需消費類股是今年華爾街表現最差的類股，跌幅約5%；相比之下，標普500指數上漲11%。Consumer discretionary stocks are the worst-performing sector on Wall Street this year, with a drop of around 5%, compared with an 11% gain in the S&P 500.

• Kleenex面紙與Huggies尿布製造商金百利克拉克（Kimberly-Clark），與外送服務業者DoorDash、汽水製造商Keurig Dr Pepper一同進入美國大型公司被做空最多名單。• Kimberly-Clark, the maker of Kleenex and Huggies diapers, entered the list of most-shorted large U.S. companies, along with food delivery service DoorDash and soda maker Keurig Dr Pepper.

• AI題材8月持續主導做空部位，也就是押注股價下跌的部位。晶片製造商美超微電腦（Super Micro Computer）、AI基礎設施公司CoreWeave與Nebius Group，以及為資料中心與其他客戶供應燃氣渦輪機等設備的GE Vernova，仍位居前10名。• The AI theme continued to dominate short positions, or bets that a share price will fall, in August. Chipmaker Super Micro Computer, AI infrastructure firms Coreweave and Nebius Group and GE Vernova, which supplies data centres and other customers with equipment including gas turbines, remained in the top 10.

• 在涵蓋大型與中型公司的20檔北美被做空最多股票中，有9檔是消費相關股票，高於7月的僅4檔。• Of the 20 most-shorted North American stocks spanning large and mid-cap companies, nine were consumer-focussed, compared with just four in July.

• 數據顯示，在歐洲大型股中，汽車製造商BMW、酒類集團帝亞吉歐（Diageo）與保樂力加（Pernod Ricard），以及擁有Gucci的精品零售商開雲集團（Kering）等消費相關股票，名列被做空最多的股票之中。• In European large caps, consumer-exposed stocks such as automaker BMW, drinks groups Diageo and Pernod Ricard and luxury retailer Kering, which owns Gucci, were among the most shorted, according to the data.

• Google母公司Alphabet是推動AI建設的5大超大規模雲端業者之一，8月跌出Hazeltree多頭部位最擁擠名單；做空該股的基金數量今年首度超過持有多頭部位的基金數量。• Google parent Alphabet, one of the five hyperscalers behind the AI build-out, dropped out of Hazeltree's list of most-crowded long positions in August, as the number of funds shorting the stock overtook the number of funds with long positions for the first time this year.

• Hazeltree表示：「在已公布基本面沒有惡化的情況下，這波賣壓似乎反映的是資金來源問題，而不是對基礎業務實力的看法。」• "With no deterioration in reported fundamentals, the selling appears to reflect the funding question rather than a view on the underlying business's strength," Hazeltree said.

• 隨著數十億美元的借貸與支出湧入AI領域，投資人正密切關注企業如何為這些投資籌措資金。• With billions of dollars in borrowing and spending pouring into AI, investors are paying close attention to how companies are funding those investments.

（Amanda Cooper報導；Mark Potter編輯）(Reporting by Amanda Cooper. Editing by Mark Potter)