The Kobeissi Letter(@KobeissiLetter):BREAKING: Hedge funds sold the most US information technology equities in the week ending June 25th since data began in 2016, according to Goldman Sachs. This even exceeds August 2024, when the Nasdaq 100 fell over -10%, entering correction territory. In total, hedge funds sold the most US equities since the April 2025 "Liberation Day" selloff. Meanwhile, Magnificent 7 stocks' exposure as a % of total US hedge fund exposure is down to 14.5%, near the lowest in 3 years. This percentage has declined -7 percentage points since the start of 2026, marking the biggest 6-month decline since the 2022 bear market. Hedge funds are cutting US tech exposure.

2026.06.29 14:28

BREAKING: Hedge funds sold the most US information technology equities in the week ending June 25th since data began in 2016, according to Goldman Sachs. This even exceeds August 2024, when the Nasdaq 100 fell over -10%, entering correction territory. In total, hedge funds sold the most US equities since the April 2025 "Liberation Day" selloff. Meanwhile, Magnificent 7 stocks' exposure as a % of total US hedge fund exposure is down to 14.5%, near the lowest in 3 years. This percentage has declined -7 percentage points since the start of 2026, marking the biggest 6-month decline since the 2022 bear market. Hedge funds are cutting US tech exposure.