Want to Find the Next Nvidia? Here’s How to Watch What ‘Big Active’ Is Buying
Summary
Bloomberg Intelligence introduces "Blue Horseshoe," a new tool leveraging active ETFs to track daily buying and selling by major managers like Fidelity and BlackRock. Guests Sharro Francis and David Cohn explain how this data reveals early conviction in stocks, such as Okta, before they impact broader indices. The discussion highlights how active managers build positions slowly, allowing investors to spot emerging trends and potential "next Nvidia" candidates.
Topics discussed
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Introduction to the show and hosts
The Wall Street movie and the concept of insider info
How Active ETFs reveal manager holdings daily
Introducing guests Sharro Francis and David Cohn
Origin story of the Blue Horseshoe tool
How active managers drive the rise of stocks like Nvidia
Why managers resisted ETFs and the value of daily data
Defining active ETFs and creating the Impact Score
Tracking position building over time to spot conviction
ETFs as a window into mutual fund strategies
Case study: Okta and the iShares Innovation ETF
Other examples and the power of the Impact Score
Cross-verification of active manager interest in Okta
Limitations: Liquidity and ETF size relative to market cap
Closing remarks and show credits
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Sponsor: M&M's Popped Caramel and iHeartRadio
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