A list of the top 50 Scion Asset Management holdings showing which stocks are owned by Michael Burry's hedge fund.

A list of the top 50 Bridgewater Associates holdings showing which stocks are owned by Ray Dalio's hedge fund.

Passive investing's popularity in Europe's fund investment industry is on the rise. Traditionally, active management strategies have led the way but now, many investors are relying less on the expertise of fund managers and letting market indices take the wheel. The ease of use, lower fees and steady returns of passive or tracker funds, which mimic a stock index's performance, are drawing in a sea of investors who prefer more hands-off, cost-effective investment strategies. Revenue is expected to grow at a compound annual rate of 1.6% over the five years through 2024 to €32 billion, including an estimated hike of 1.3% in 2024, Profitability is also slated to swell as demand and revenue climb. Passive investment is gaining traction and investment players are taking note. Major asset managers across Europe like Amundi are ramping up their passive investment capabilities after seeing strong growth in their passive funds compared to their active ones. However, regardless of an investor’s exposure to active or passive investments, both are subject to movements in capital markets, which have proved particularly volatile in recent years. Following a terrible 2022 amid the rising base rate environment, capital markets regained their footing in 2023 as large-cap tech stocks drove growth and investors bet on the end of rate hikes, inciting significant capital inflows at the end of the year. Investors are cautiously optimistic for 2024, although they aren’t banking on seeing double-digit growth. Revenue is forecast to mount at a compound annual rate of 8.5% over the five years through 2029 to €48.2 billion. Technology advancements and the rise in online trading platforms offering passive ETFs at a comparatively low cost suggest the market will keep expanding. What's more, rapidly rising interest in sustainable investing has been a powerful growth catalyst for passive ESG vehicles, which have seen nearly triple the demand of their active counterparts. However, it's worth noting that most European exchange-traded fund issuers believe that active funds still have a fighting chance in the ESG arena.

A list of the top 50 Citadel Advisors holdings showing which stocks are owned by Ken Griffin's hedge fund.