{"id":351056,"date":"2026-02-17T10:45:59","date_gmt":"2026-02-17T10:45:59","guid":{"rendered":"https:\/\/www.wacoca.com\/life\/351056\/"},"modified":"2026-02-17T10:45:59","modified_gmt":"2026-02-17T10:45:59","slug":"%e3%82%a2%e3%83%b3%e3%82%b0%e3%83%ab%ef%bc%9a%e9%ab%98%e7%b4%9a%e3%83%96%e3%83%a9%e3%83%b3%e3%83%89%e6%a0%aa%e3%81%ae%e6%80%a5%e5%a4%89%e5%8b%95%e3%80%81%ef%bd%81%ef%bd%89%e6%87%b8%e5%bf%b5%e3%81%a8","status":"publish","type":"post","link":"https:\/\/www.wacoca.com\/life\/351056\/","title":{"rendered":"\u30a2\u30f3\u30b0\u30eb\uff1a\u9ad8\u7d1a\u30d6\u30e9\u30f3\u30c9\u682a\u306e\u6025\u5909\u52d5\u3001\uff21\uff29\u61f8\u5ff5\u3068\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u53d6\u5f15\u304c\u5897\u5e45 | \u30ed\u30a4\u30bf\u30fc"},"content":{"rendered":"
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\"アングル：高級ブランド株の急変動、ＡＩ懸念とヘッジファンド取引が増幅\"\/<\/div>\n<\/div>\n

\u5199\u771f\u306f\uff2c\uff36\uff2d\uff28\u306e\u30ed\u30b4\u3002\u30d1\u30ea\u8fd1\u90ca\u3067\u958b\u304b\u308c\u305f\u30ab\u30f3\u30d5\u30a1\u30ec\u30f3\u30b9\u4f1a\u5834\u30672025\u5e746\u6708\u64ae\u5f71\u3002REUTERS\/Benoit Tessier<\/p>\n<\/div>\n

\n
[\u30d1\u30ea\uff0f\u30ed\u30f3\u30c9\u30f3 \uff11\uff17\u65e5 \u30ed\u30a4\u30bf\u30fc] – \u4ecf\uff2c\uff36\uff2d\uff28(LVMH.PA), opens new tab<\/a>\u3084\u300c\u30b0\u30c3\u30c1\u300d\u306e\u30b1\u30ea\u30f3\u30b0(PRTP.PA), opens new tab<\/a>\u3068\u3044\u3063\u305f\u9ad8\u7d1a\u30d6\u30e9\u30f3\u30c9\u4f1a\u793e\u304c\uff12\u5e74\u9593\u306e\u4f4e\u8ff7\u304b\u3089\u306e\u56de\u5fa9\u306b\u82e6\u6226\u3059\u308b\u4e2d\u3001\uff21\uff29\uff08\u4eba\u5de5\u77e5\u80fd\uff09\u306b\u3088\u308b\u5e02\u5834\u5909\u52d5\u3092\u5de1\u308b\u6295\u8cc7\u5bb6\u306e\u61f8\u5ff5\u3084\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e\u53d6\u5f15\u304c\u6025\u6fc0\u306a\u682a\u4fa1\u5909\u52d5\u3092\u5f15\u304d\u8d77\u3053\u3057\u3066\u3044\u308b\u3002<\/div>\n

\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a4\u30eb\u30b9\u6d41\u884c\u5f8c\u306e\u30d6\u30fc\u30e0\u3092\u7d4c\u3066\u3001\u591a\u304f\u306e\u30c8\u30c3\u30d7\u30d6\u30e9\u30f3\u30c9\u3067\u9ad8\u7d1a\u30cf\u30f3\u30c9\u30d0\u30c3\u30b0\u306a\u3069\u306e\u8ca9\u58f2\u304c\u6e1b\u5c11\u3002\u6295\u8cc7\u5bb6\u306f\u73fe\u5728\u3001\u3053\u306e\u30bb\u30af\u30bf\u30fc\u304c\u6210\u9577\u8ecc\u9053\u306b\u623b\u308b\u5146\u5019\u306b\u654f\u611f\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n

\u6642\u4fa1\u7dcf\u984d\uff12\uff16\uff10\uff10\u5104\u30e6\u30fc\u30ed\uff08\uff13\uff10\uff18\uff14\u5104\uff19\uff10\uff10\uff10\u4e07\u30c9\u30eb\uff09\u3067\u4e16\u754c\u6700\u5927\u306e\u9ad8\u7d1a\u30d6\u30e9\u30f3\u30c9\u30b0\u30eb\u30fc\u30d7\uff2c\uff36\uff2d\uff28<\/a>\u306e\u682a\u4fa1\u306f\u5148\u6708\u4e0b\u65ec\u3001\uff11\u65e5\u3068\u3057\u3066\u306f\uff12\uff10\uff12\uff10\u5e74\u4ee5\u6765\u306e\u5927\u5e45\u5b89\u3068\u306a\u3063\u305f\u3002\u30d9\u30eb\u30ca\u30fc\u30eb\u30fb\u30a2\u30eb\u30ce\u30fc\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005\uff08\uff23\uff25\uff2f\uff09\u304c\u4eca\u5f8c\u306e\u898b\u901a\u3057\u306b\u3064\u3044\u3066\u614e\u91cd\u306a\u59ff\u52e2\u3092\u793a\u3057\u3001\u6025\u56de\u5fa9\u671f\u5f85\u304c\u6253\u3061\u7815\u304b\u308c\u305f\u305f\u3081\u3060\u3002 \u6628\u5e74\uff11\uff10\u6708\u306e\uff2c\uff36\uff2d\uff28\u306b\u3088\u308b\u5e02\u5834\u5831\u544a\u3092\u53d7\u3051\u3066\u682a\u4fa1\u306f\uff11\uff12\uff05\u4e0a\u6607\u3057\u3001\uff11\u65e5\u306e\u4e0a\u3052\u5e45\u3068\u3057\u3066\u306f\uff12\uff10\u5e74\u4ee5\u4e0a\u3076\u308a\u306e\u5927\u304d\u3055\u3092\u8a18\u9332\u3057\u3066\u3044\u305f\u3002<\/div>\n
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\"Price<\/div>\n<\/div>\n

Price swings data show from the previous day’s close to the high and low widest on earnings days<\/p>\n

\uff1c\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u7a7a\u58f2\u308a\uff1e<\/p>\n

\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30fb\u30c7\u30fc\u30bf\u30fb\u30d7\u30ed\u30d0\u30a4\u30c0\u30fc\u306eHazeltree\u306b\u3088\u308b\u3068\u3001\u4eca\u56de\u306e\u6c7a\u7b97\u30b7\u30fc\u30ba\u30f3\u3092\u524d\u306b\u3001\u9ad8\u7d1a\u30d6\u30e9\u30f3\u30c9\u682a\u3068\u5e45\u5e83\u3044\u6d88\u8cbb\u8ca1\u30bb\u30af\u30bf\u30fc\u306f\u6700\u3082\u7a7a\u58f2\u308a\u3055\u308c\u305f\u9298\u67c4\u7fa4\u306e\u4e00\u3064\u3060\u3063\u305f\u3002<\/p>\n

\u30b1\u30ea\u30f3\u30b0\u682a\u306f\u5148\u9031\uff11\uff11\uff05\u6025\u4f38\u3002\u7b2c\uff14\u30fb\u56db\u534a\u671f\u58f2\u4e0a\u9ad8<\/a>\u304c\u4e88\u60f3\u3088\u308a\u5c0f\u5e45\u306a\u6e1b\u5c11\u306b\u3068\u3069\u307e\u3063\u305f\u3053\u3068\u306a\u3069\u3092\u53d7\u3051\u305f\u3002<\/div>\n

\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u6295\u8cc7\u5bb6\u3067\u6771\u4eac\u7406\u79d1\u5927\u5b66\u57fa\u91d1\u306e\u7279\u5225\u9867\u554f\u3092\u52d9\u3081\u308b\u30de\u30a4\u30b1\u30eb\u30fb\u30aa\u30ea\u30d0\u30fc\u30fb\u30ef\u30a4\u30f3\u30d0\u30fc\u30b0\u6c0f\u306f\u300c\u30b1\u30ea\u30f3\u30b0\u306e\u3088\u3046\u306a\u9ad8\u7d1a\u30d6\u30e9\u30f3\u30c9\u682a\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u30fc\u3092\u62bc\u3057\u4e0a\u3052\u3066\u3044\u308b\u8981\u56e0\u306f\uff12\u3064\u3042\u308b\u300d\u3068\u6307\u6458\u3059\u308b\u3002<\/p>\n

\u300c\u7b2c\uff11\u306b\u3001\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u904b\u7528\u306b\u3088\u308a\u8cc7\u672c\u304c\u53d7\u52d5\u7684\u306a\u300e\u30d0\u30a4\u30fb\u30a2\u30f3\u30c9\u30fb\u30db\u30fc\u30eb\u30c9\u300f\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u56fa\u5b9a\u3055\u308c\u3066\u3044\u308b\u300d\u3068\u8aac\u660e\u3002\u300c\u7b2c\uff12\u306b\u3001\u8abf\u67fb\u3084\u60c5\u5831\u9762\u3067\u512a\u4f4d\u6027\u304c\u3042\u308b\u5834\u5408\u306b\u30cb\u30e5\u30fc\u30b9\u3084\u30c7\u30fc\u30bf\u30dd\u30a4\u30f3\u30c8\u306b\u7279\u5316\u3057\u3066\u53d6\u5f15\u3092\u884c\u3046\u30de\u30eb\u30c1\u30de\u30cd\u30b8\u30e3\u30fc\u578b\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u73fe\u5728\u3001\u5e02\u5834\u3092\u652f\u914d\u3057\u3066\u3044\u308b\u300d\u3068\u8a71\u3059\u3002<\/p>\n

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\"Note:<\/div>\n<\/div>\n

Note: The Hazeltree Crowdedness Report is based on anonymized and aggregated positioning from a hedge fund client base of more than 600 global funds over the full month of January 2026<\/p>\n

\uff1c\uff21\uff29\u30d0\u30d6\u30eb\u30ea\u30b9\u30af\uff1e<\/p>\n

\u5bcc\u88d5\u5c64\u306e\u6d88\u8cbb\u306b\u4f9d\u5b58\u3059\u308b\u30e9\u30b0\u30b8\u30e5\u30a2\u30ea\u30fc\u696d\u754c\u306f\u3001\u7c73\u56fd\u682a\u5f0f\u5e02\u5834\u306e\u5f71\u97ff\u3092\u4ed6\u696d\u754c\u4ee5\u4e0a\u306b\u53d7\u3051\u3084\u3059\u3044\u3002\u7c73\u56fd\u682a\u306f\uff21\uff29\u30c8\u30ec\u30f3\u30c9\u306b\u3088\u3063\u3066\u4e71\u9ad8\u4e0b\u3057\u3066\u3044\u308b\u3002<\/p>\n

\u30b1\u30ea\u30f3\u30b0\u306e\u30eb\u30ab\u30fb\u30c7\u30e1\u30aa\uff23\uff25\uff2f\u306f\uff11\uff10\u65e5\u3001\u6c7a\u7b97\u767a\u8868\u5f8c\u306b\u8a18\u8005\u56e3\u306b\u300c\u591a\u304f\u306e\u7c73\u56fd\u4eba\u306f\u682a\u5f0f\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u5e02\u5834\u304c\u5805\u8abf\u306b\u63a8\u79fb\u3059\u308c\u3070\u6d88\u8cbb\u304c\u6210\u9577\u3092\u3051\u3093\u5f15\u3057\u7d9a\u3051\u308b\u3002\u30af\u30e9\u30c3\u30b7\u30e5\u3084\uff21\uff29\u30d0\u30d6\u30eb\u306a\u3069\u304c\u767a\u751f\u3059\u308c\u3070\u6539\u3081\u3066\u8b70\u8ad6\u3059\u308b\u3053\u3068\u306b\u306a\u308b\u300d\u3068\u6307\u6458\u3002\u300c\u3057\u304b\u3057\u73fe\u6642\u70b9\u3067\u306f\u826f\u597d\u306a\u72b6\u6cc1\u3060\u300d\u3068\u8ff0\u3079\u305f\u3002<\/p>\n

\u9577\u671f\u6295\u8cc7\u5bb6\u306f\u8010\u3048\u5fcd\u3076\u3057\u304b\u306a\u3044\u3002<\/p>\n

\uff2c\uff36\uff2d\uff28\u682a\u3092\u4fdd\u6709\u3059\u308b\u82f1\uff2a\u30fb\u30b9\u30bf\u30fc\u30f3\uff06\uff23\uff4f\u306e\u30de\u30cd\u30b8\u30f3\u30b0\u30d1\u30fc\u30c8\u30ca\u30fc\u3001\u30af\u30ea\u30b9\u30c8\u30d5\u30a1\u30fc\u30fb\u30ed\u30b9\u30d0\u30c3\u30af\u6c0f\u306f\u300c\u9ad8\u5024\u570f\u3067\u96c6\u4e2d\u3057\u305f\u5e02\u5834\u74b0\u5883\u4e0b\u3067\u306f\u3001\u660e\u3089\u304b\u306b\u6295\u8cc7\u5bb6\u306f\u795e\u7d4c\u8cea\u306b\u306a\u308a\u3001\u8ab0\u3082\u304c\u58f2\u308a\u30dc\u30bf\u30f3\u3092\u62bc\u3057\u305f\u304f\u306a\u308b\u300d\u3068\u8a9e\u308b\u3002<\/p>\n

\u300c\u4f01\u696d\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\uff08\u57fa\u790e\u7684\u6761\u4ef6\uff09\u3092\u898b\u6975\u3081\u3001\u30ce\u30a4\u30ba\u3092\u7121\u8996\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u9ad8\u7d1a\u30d6\u30e9\u30f3\u30c9\u4f01\u696d\u3092\u76f4\u6483\u3057\u305f\u5927\u304d\u306a\u5faa\u74b0\u7684\u8ab2\u984c\u306f\u3042\u308b\u304c\u3001\u5404\u793e\u306f\u305d\u308c\u3089\u3092\u514b\u670d\u3057\u3064\u3064\u3042\u308b\u300d\u3068\u4ed8\u3051\u52a0\u3048\u305f\u3002<\/p>\n

\u4e00\u90e8\u6295\u8cc7\u5bb6\u306f\u696d\u7e3e\u56de\u5fa9\u30b9\u30c8\u30fc\u30ea\u30fc\u306b\u4e57\u3058\u3066\u6295\u8cc7\u5bfe\u8c61\u306e\u8ee2\u63db\u3092\u56f3\u3063\u3066\u3044\u308b\u3002\u82e6\u6226\u4e2d\u306e\u30b1\u30ea\u30f3\u30b0\u306f\u6e1b\u53ce\u5e45\u304c\u4e88\u60f3\u3088\u308a\u3082\u5c0f\u5e45\u306b\u3068\u3069\u307e\u3063\u305f\u3053\u3068\u3067\u6025\u4f38\u3057\u305f\u3002\u4e00\u65b9\u3001\u30d0\u30c3\u30b0\u306e\u300c\u30d0\u30fc\u30ad\u30f3\u300d\u3067\u77e5\u3089\u308c\u3001\u6e1b\u901f\u671f\u3092\u7121\u50b7\u3067\u4e57\u308a\u5207\u3063\u305f\u4ecf\u30a8\u30eb\u30e1\u30b9(HRMS.PA), opens new tab<\/a>\u306f\u518d\u3073\u5805\u8abf\u306a\u56db\u534a\u671f\u696d\u7e3e<\/a>\u3092\u767a\u8868\u3057\u305f\u5f8c\u3082\u682a\u4fa1\u306f\u308f\u305a\u304b\uff12\uff0e\uff15\uff05\u9ad8\u306b\u3068\u3069\u307e\u3063\u305f\u3002\u30a8\u30eb\u30e1\u30b9\u306e\u4e88\u60f3\u682a\u4fa1\u53ce\u76ca\u7387\uff08\uff30\uff25\uff32\uff09\u306f\uff14\uff15\u500d\u3067\u3001\uff2c\uff36\uff2d\uff28\u306e\uff12\u500d\u4ee5\u4e0a\u306b\u9054\u3059\u308b\u3002<\/div>\n

\u30ed\u30b9\u30c1\u30e3\u30a4\u30eb\u30c9\uff06\uff23\uff4f\u30ec\u30c3\u30c9\u30d0\u30fc\u30f3\u306e\u30e9\u30b0\u30b8\u30e5\u30a2\u30ea\u30fc\u8abf\u67fb\u62c5\u5f53\u8cac\u4efb\u8005\u30a8\u30df\u30ea\u30fc\u30fb\u30af\u30fc\u30ea\u30c3\u30b8\u6c0f\u306f\u300c\uff08\u5404\u793e\u306e\uff09\u30cb\u30e5\u30a2\u30f3\u30b9\u304c\u5fae\u5999\u306b\u7570\u306a\u308b\u305f\u3081\u3001\u682a\u4fa1\u306e\u52d5\u304d\u304c\u304b\u306a\u308a\u9855\u8457\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u305d\u308c\u306f\u308f\u308c\u308f\u308c\u304c\u8106\u5f31\u306a\u8ee2\u63db\u70b9\u306b\u3044\u308b\u304b\u3089\u3060\u300d\u3068\u8ff0\u3079\u305f\u3002<\/p>\n

\n
\"Stock<\/div>\n<\/div>\n

Stock trading where all traders have transparency on buy and sell orders occurs on ‘lit’ or public exchanges, however speculators like hedge funds, that don’t want their wagers seen by other traders can trade more anonymously<\/p>\n

\u79c1\u305f\u3061\u306e\u884c\u52d5\u898f\u7bc4\uff1a\u30c8\u30e0\u30bd\u30f3\u30fb\u30ed\u30a4\u30bf\u30fc\u300c\u4fe1\u983c\u306e\u539f\u5247\u300d, opens new tab<\/a><\/p>\n

\n
<\/p>\n
\"Helen<\/div>\n

<\/a><\/div>\n

London-based reporter covering the European retail sector through a global lens. Focusing on companies including Adidas, H&M, Ikea, and Inditex and analysing corporate strategy, consumer trends, and regulatory changes, Helen also covers major supermarket groups like Ahold Delhaize, Carrefour, and Casino. She has a special interest in sustainability and how investors push for change in companies. Previously based in Johannesburg where she covered the mining industry. <\/p>\n

<\/p>\n
\"Nell<\/div>\n

<\/a><\/div>\n

Nell Mackenzie covers hedge funds, their performance and what their trades tell us about financial markets and money flows in the wider economy. She is also a regular guest on Reuters Morning Bid Podcast. She has written in the past for the BBC, Dow Jones, Risk.net, the Times and Business Insider. Nell has also made long-form feature podcasts for Euromoney.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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