BlockBeats News, June 29th, according to Goldman Sachs data, hedge funds sold the most US information technology stocks in a week ending June 25th since data began recording in 2016. This even exceeded August 2024 when the Nasdaq 100 index fell more than -10%, entering correction territory.

At the same time, the Magnificent 7 stocks' share in US hedge fund total exposure dropped to 14.5%, nearing a 3-year low. This percentage has decreased by -7 percentage points since early 2026, marking the largest 6-month decline since the 2022 bear market.

The above data indicates that hedge funds are reducing their US tech exposure.