Live Nation, Super Micro, Kering, Philips, ANTA Sports Products, and Nintendo appear among top-10 most crowded shorts across global regions

NEW YORK & LONDON, July 10, 2025–(BUSINESS WIRE)–The hedge fund market saw broad-based gains, continued inflows, and signs of strategic repositioning, as reflected in short-selling activity tracked in the Hazeltree June 2025 Shortside Crowdedness Report. Across all regions, short-sellers targeted consumer lifestyle and technology brands, according to Hazeltree, a leader in active treasury and intelligent operations technology for the alternative asset industry. Frequently shorted consumer discretionary names included Live Nation Entertainment, Inc., JetBlue Airways Corporation, Kering SA, LVMH Moët Hennessy, ANTA Sports Products Ltd., and Oriental Land Co., Ltd. Noteworthy tech targets included Super Micro Computer, Inc., Synopsys, Inc., Koninklijke Philips N.V., Nintendo Co., Ltd., and Hon Hai Precision Industry Co., Ltd.

The report is a monthly listing of the top 10 most crowded shorted securities in the Americas, EMEA, and APAC regions, categorized by large-, mid-, and small-cap ranges. Hazeltree compiles data from its proprietary securities finance platform data, which tracks approximately 15,000 global equities across the Americas, EMEA, and APAC. The data, available to select clients, is aggregated and anonymized from the contributing Hazeltree community, which comprises approximately 700 asset management funds. The firm assigns securities a Hazeltree Crowdedness Score, a key metric that grades securities on a scale of 1 to 99, with 99 representing the highest concentration of shorting activity. This scoring highlights securities most targeted by investors and reflects key supply-demand dynamics.

“While consumer lifestyle brands have continued to dominate the top 10 most crowded shorts over the past two months, in June we also saw a renewed focus on technology names across all market caps globally,” said Tim Smith, Managing Director of Data Insights at Hazeltree. “One notable shift was the disappearance of the SPDR S&P 500 ETF from the Americas large-cap top 10, which may signal a pivot away from broad U.S. equity exposure in favor of international allocations. At the same time, The Goldman Sachs Group, Inc. entered the top 10 for the first time this year—potentially a response to the firm’s strong stress test results, its planned dividend hike, and continued cost-control efforts, including layoffs.”

Highlights from the June 2025 report include: