Where short sellers were right – or lost billions

Dusseldorf Hedge funds increased their bets on falling prices by almost $60 billion in the US market in the first quarter. This is the result of an analysis by the financial data provider S3 Partners. The hedge funds, also known as short sellers, made a profit of 85.5 billion dollars in the first three months.

The short sellers at Facebook’s parent company Meta, whose shares had fallen by more than 30 percent in the first quarter, brought in $2.9 billion alone. Also lucrative were the bets on falling prices at the semiconductor specialist AMD ($2.2 billion), at the e-commerce and gaming group Sea Limited ($2.1 billion), the streaming service Netflix ($2 billion) and the E -Automaker Rivian ($1.6 billion).