Position Types
Short Position
Bet on falling prices via short sale of borrowed shares.
In a short position the investor borrows shares (typically from their prime broker), sells them immediately on the market and hopes to repurchase them later at a lower price — the difference is profit. The risk is theoretically unlimited because prices can rise without bound.
Important: short positions do not appear in 13F filings. To understand the full risk profile of a long/short hedge fund, you need additional sources such as letters to investors, short-interest reports or specialised data providers.