Institutional investors are rapidly DUMPING technology stocks: Last week, hedge funds recorded the 2nd-largest weekly sale of global Information Technology stocks in at least a DECADE. Information Technology was also by far the largest net-sold global sector, with net sales posted across every region driven by long and short positions at a 2.2-to-1.0 ratio. Notably, 4 of the 5 largest weekly selling episodes in global Information Technology have occurred within the last 5 months. Semiconductors and Semiconductor Equipment accounted for most of the sales, followed by Tech Hardware, while Software was the most net-bought subsector. Tech was also the most net-sold sector across all US industries. In effect, US Information Technology allocation has fallen to 14.4% of total hedge fund exposure, approaching multi-year lows. The tech sector is becoming more hated than ever.