Hedge Fund Sells of US Information Technology Stocks Hit Record Levels Last Week
BlockBeats News, June 29th, according to Goldman Sachs data, hedge funds sold the most US information technology stocks in a week ending June 25th since data began recording in 2016. This even exceeded August 2024 when the Nasdaq 100 index fell more than -10%, entering correction territory.
At the same time, the Magnificent 7 stocks' share in US hedge fund total exposure dropped to 14.5%, nearing a 3-year low. This percentage has decreased by -7 percentage points since early 2026, marking the largest 6-month decline since the 2022 bear market.
The above data indicates that hedge funds are reducing their US tech exposure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race
Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.
Bernstein Downgrades Nvidia Rating and Target Price
Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity
Google DeepMind has released its AI model AlphaGenome 2, which is trained on maps of over 100 millions of cells and has nearly double the ability of its predecessor in identifying gene expression variations.
Crypto prices
More
