Hedge fund selling in U.S. tech stocks reached a 10-year high! Goldman Sachs announced that hedge funds have withdrawn capital from U.S. tech stocks at a record pace over the past two months. Hedge funds were net sellers in the technology sector in six of the last eight weeks. Last week alone, technology became the sector where hedge funds made the largest net sales in the U.S. According to the bank, investors have begun shifting toward other sectors, such as retail and consumer stocks.