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.
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