Hedge funds are AGGRESSIVELY cutting their US tech exposure: Hedge funds dumped Magnificent 7 stocks in 4 of the last 5 trading sessions, adding to selling pressure across the US tech sector. $XLK $MAGS $QQQ Over this period, the group has declined -3.6% to its lowest level since late August. Furthermore, hedge funds sold -$20 billion in technology stocks over the last 2 weeks, while 5 consecutive sessions of AI-stock sales erased cumulative net purchases dating back to early 2025, according to Goldman Sachs. Since the October 13th peak, Magnificent 7 stocks are down -8.1%, putting them on the verge of a technical correction. Meanwhile, hedge fund exposure to the Magnificent 7 as a % of total US equity exposure remains near its highest level on record. This suggests there is still plenty of room for further unwinding.