Huoxing Finance reports that, according to Goldman Sachs data, hedge funds sold the most U.S. information technology stocks in the week ending June 25 since data collection began in 2016—exceeding the levels seen in August 2024, when the Nasdaq-100 Index fell more than -10% into correction territory. Meanwhile, the weighting of the Magnificent 7 stocks in total U.S. hedge fund exposure dropped to 14.5%, nearing its lowest level in three years. This percentage has declined by 7 percentage points since early 2026, marking the largest six-month decline since the 2022 bear market. These figures indicate that hedge funds are reducing their exposure to U.S. technology stocks.
Hedge Funds Sell Record Amount of U.S. Tech Stocks in One Week
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Summary
According to Goldman Sachs data as of June 25, hedge funds sold a record amount of U.S. tech stocks in a single week. This sell-off exceeded the August 2024 correction, during which the Nasdaq 100 fell more than 10%. The Magnificent 7’s share of hedge fund exposure dropped to 14.5%, nearing a three-year low. Traders are now shifting their focus to altcoins amid the broader market pullback.
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