According to Huoxing Finance, on August 6, The Kobeissi Letter reported that hedge funds net purchased $4.8 billion in U.S. stocks last week, marking the second-largest weekly buying volume since 2008. Calculated as a percentage of the S&P 500’s total market capitalization, this buying volume ranks as the 24th largest in history. During the same period, institutional investors net sold $3.8 billion, ending four consecutive weeks of net purchases, with their average net buying over the past four weeks declining to $3.9 billion. Retail investors slightly net sold $200 million, with their average net buying over the past four weeks falling to $600 million. Hedge funds are once again significantly increasing their purchases of U.S. stocks.
Hedge Funds Buy $4.8 Billion in U.S. Stocks, Second-Largest Weekly Purchase Since 2008
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Summary
Hedge funds made a net purchase of $4.8 billion in U.S. stocks in the latest weekly market report, marking the second-largest weekly buy since 2008. The buying volume ranks 24th historically by S&P 500 market cap percentage. Institutional investors net sold $3.8 billion, ending four consecutive weeks of net buying, while retail traders net sold $200 million. Trading volume surged as the market absorbed mixed economic data and shifting investor sentiment.
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