Welcome to Extreme Investor Network, where we bring you the latest insights and trends in the world of investing. Today, we are diving into the success story of Ivana Delevska, a hedge fund veteran who has made waves in the industry with her keen eye for spotting opportunities in artificial intelligence.
When Ivana Delevska launched her fund in August 2021, she had a strong belief that artificial intelligence would revolutionize the market. Drawing from her experience at top firms such as Citadel, Millennium, and Tiger Management, Delevska focused on the industrial sector and engaged with over 100 companies to gain valuable insights. By observing where these companies were allocating their resources, she was able to identify the AI boom early on.
Delevska’s Spear Alpha ETF (SPRX) has quickly risen to success, with $70 million in assets under management and a portfolio heavily influenced by AI. Almost everything in her portfolio is poised to benefit from the AI trend, making it a compelling investment choice for those seeking exposure to this transformative technology.
One key factor driving Spear’s outperformance is its significant investment in Nvidia, which now holds an almost 11% weighting in the ETF. Despite being initially out of favor in 2023, Nvidia has experienced a remarkable 220% surge in the past year, showcasing Delevska’s knack for spotting high-reward opportunities. She foresees Nvidia playing a more defensive role in her portfolio, with an expected return of 30% to 40% over the next few years.
In addition to AI, Spear Alpha ETF delves into other themes such as enterprise digitalization, space exploration, and decarbonization. What sets Spear apart is its approach to deriving themes from the companies it covers, rather than adopting a thematic strategy. This individual stock-focused approach has been a key driver of alpha for the fund, similar to the methodology employed at top-tier firms like Citadel.
With $54 million in inflows in 2024, Spear Alpha ETF has captured investor interest, reflecting Delevska’s success in navigating the market. In contrast, renowned investor Cathie Wood has faced $1.36 billion in ARKK outflows in 2024, highlighting the challenges of delivering consistent performance in the ever-evolving investment landscape.
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