Hedge funds are aggressively selling tech stocks, particularly semiconductor and semiconductor equipment names, with June's net selling in the US tech sector set to be the largest on record. This trend is driven by concerns over potential drawdowns in crowded positions.
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Bloomberg: Hedge funds are “aggressively” cutting back on tech, according to Goldman. This month’s net selling in the US tech sector is tracking to be the largest in the bank’s records. Futures slipped as Micron’s sell-off sent a fresh reminder about the risk of bullish AI bets.
This month’s net selling in the US tech sector is on track to be the largest on record going back in data since 2017, according to Goldman’s prime brokerage data. Semiconductor and semiconductor equipment stocks were the ones offloaded the most by hedge funds, followed by… https://t.co/HhUOkx2OYL
Hedge funds are “aggressively” selling tech stocks like never before, according to analysis from Goldman Sachs https://t.co/zlFSWFS2Vl
"some signs of de-grossing are starting to appear. In fact, TMT selling by hedge funds in June is tracking to be the largest on record. According to our Prime data, L/S managers have become more mindful of potential drawdowns in crowded positions." - GS Prime
Party Almost Over? Hedge Funds Dumping Record Amounts Of Tech Stocks To Retail Investors https://t.co/l3xwGoE2Up
Hegde Funds have aggressively net sold TMT stocks in the past month, led by Semis & Semi Equip – this month’s $ net selling in US TMT is tracking to be the largest on our record. Managers also shorted both Consumer Discretionary and Staples: Goldman Prime
Hedge funds are dumping tech stocks, especially chip names, heading into the second half https://t.co/ypmAoBtedj