WalletHub sent over a report today that breaks out the 25 top traded stocks for the hedge fund industry in the second quarter of 2017. The chart below shows them in order, and while there are several bank & financial stocks – Bank of America, Wells Fargo, American Express and U.S. Bancorp – none fall under the category of “fintech”, at least as defined by the KBW Nasdaq Financial Technology Index (KFTX). So, while we think fintech is HOT HOT HOT, apparently the hedge fund trading community says NOT, NOT, NOT……or at the very least, “NOT YET”.
Anyway, check out the chart below and compare and contrast to the list in the KFTX index. It would appear there is much more work that needs to be done to raise the visibility of fintech stocks in the hedge fund community.
In comparison, the 49 companies included in the KBW Nasdaq Financial Technology Index include:
ACI Worldwide, Inc. (ACIW), Alliance Data Systems Corp. (ADS), American Express Co. (AXP), Bankrate, Inc. (RATE), Black Knight Financial Services, Inc. (BKFS), Blackhawk Network Holdings, Inc. (HAWK), BofI Holding, Inc. (BOFI), Broadridge Financial Solutions, Inc. (BR), Cardtronics, Inc. (CATM), CBOE Holdings, Inc. (CBOE), CME Group, Inc. (CME), CoreLogic, Inc. (CLGX), Dun & Bradstreet Corp. (DNB), Envestnet, Inc. (ENV), Equifax, Inc. (EFX), Euronet Worldwide, Inc. (EEFT), EverBank Financial Corp. (EVER), EVERTEC, Inc. (EVTC), FactSet Research Systems Inc. (FDS), Fair Isaac Corp. (FICO), Fidelity National Information Services, Inc. (FIS), First Data Corp. (FDC), Fiserv, Inc. (FISV), FleetCor Technologies, Inc. (FLT), Global Payments, Inc. (GPN), Green Dot Corp. (GDOT), Intercontinental Exchange, Inc. (ICE), IHS Markit Ltd. (INFO), Jack Henry & Associates, Inc. (JKHY), LendingClub Corp. (LC), MarketAxess Holdings, Inc. (MKTX), , MasterCard, Inc. (MA), Moody’s Corp. (MCO), MSCI, Inc. (MSCI), Nasdaq, Inc. (NDAQ), PayPal Holdings, Inc. (PYPL), S&P Global, Inc. (SPGI), SEI Investments Co. (SEIC), Square, Inc. (SQ), SS&C Technologies Holdings, Inc. (SSNC), The Western Union Co. (WU), Thomson Reuters Corp. (TRI), Total System Services, Inc. (TSS), Vantiv, Inc. (VNTV), VeriFone Systems, Inc. (PAY), Verisk Analytics, Inc. (VRSK), Virtu Financial, Inc. (VIRT), Visa, Inc. (V), and WEX, Inc. (WEX).