Musk lost 20 billion! An inventory of the "eight big losers" in the opening of the US stock market in the past year

Editor's Note: RBC said that the BULLISH SENTIMENT index of US retail investors is close to the bottom buying line; most wall Street head index bull-bear ratios may fall to nearly 1.00, which has been a very good buy signal in the past >>

Author: Fyuan

Cover image source: Bloomberg Business, intrusion and deletion

According to Wind Financial Terminal data, from January 1, 2022 to January 25, 2022, the market value of 8 S&P 500 index constituent stocks, including Apple, Tesla, Google and Amazon, fell the most, with the total market value falling by more than $1.4 trillion.

Apple fell $261.6 billion, about a Coca-Cola, Microsoft fell nearly $300 billion, and Tesla lost nearly $120 billion in market value.

So who loses the most money? The chart below shows the 8 companies in the S&P 500 that have lost the most market value this year, and their largest shareholders, as you can see from the chart below, the mutual fund suffered the most losses, of which the Vanguard fund is the largest shareholder of four of them.

Last year, investors bet on the tech giants in the S&P 500, just like putting money in a bank, to make good returns. But this trend has been reversing rapidly since the beginning of 2022, and even the biggest shareholders of these tech giants have lost a lot of money in the big fall in the US stock market this year.

The Vanguard Mega Cap Growth ETF $MGK, whose constituents are some of the U.S. tech giants, has fallen 12 percent so far this year, well ahead of the $SPY 7 percent decline in the S&P 500 ETF. Large-cap stocks have fallen even more than technology stocks, with the Technology Select Sector SPDR Fund $XLF down nearly 11 percent so far this year.

As the market capitalizations of large U.S. technology companies continue to expand, the amount of market capitalization that has evaporated from these companies this year has been staggering. Since Jan. 1, Apple's market capitalization alone has shrunk by $261.6 billion, which even exceeds the market capitalization of 96% of S&P 500 constituent companies. Vanguard is Apple's largest shareholder, holding 7.75 percent of the shares, and it has reduced its position in Apple by nearly $20 billion.

In addition, Bezos and Musk also suffered huge losses this year. Amazon has fallen 13 percent this year, and Bezos's 9.85 percent stake in the company has shrunk by nearly $22.1 billion. Musk's wealth shrank by $22.5 billion as a result of holding a 17.7 percent stake in Tesla. Tesla is down 12 percent so far this year, and its market value has evaporated $127.3 billion.

As for mutual funds, not only Vanguard, but also Capital Research and Management, which is the largest shareholder of Netflix, suffered heavy losses. Netflix's stock price has fallen by more than a third so far this year, which directly led to the company's market value evaporating by $95.3 billion, while Capital Research and Management lost $13.4 billion.

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The above does not represent the position of China Renaissance and does not constitute any investment advice related to China Renaissance. Before making any investment decision, investors should consider the risk factors associated with the investment product according to their own circumstances and consult a professional if necessary.