Hedge Funds Pile Into Magnificent 7 Stocks at Fastest Pace Since 2023, Pushing Exposure to 22%

Hedge Funds Pile Into Magnificent 7 Stocks at Fastest Pace Since 2023, Pushing Exposure to 22%

Hedge funds are piling back into Big Tech at a pace not seen in three years. Hedge funds’ net exposure to the Magnificent 7 stocks has climbed to 22% of total US exposure, according to Goldman Sachs data, says The Kobeissi Letter. The Magnificent Seven (Mag 7) stocks are Alphabet (GOOGL/GOOG), Amazon (AMZN), Apple (AAPL), […]

Seven Largest Hedge Funds Hit Record 22% Net Exposure

Net exposure measures the difference between a fund's long positions and its short positions as a share of assets under management. A reading of 22% means these funds are, in aggregate, running meaningfully more long exposure than short, a figure the report characterizes as a record high for this group.Read more...

Logon Opalesque Alternative Market Briefing

Hedge fund concentration in mega-cap technology stocks has reached its highest level since early 2022, with net exposure to the Magnificent Seven approaching 22% of total US holdings in Goldman Sachs ' prime brokerage book. That represents a sharp increase from approximately 15% in July. Meanwhile, ... Article link

Hedge Fund Net Exposure to Magnificent Seven Rose to Nearly 22%

The exposure reached its highest level since 2022 on a prime brokerage book, marking a multiyear high in hedge fund concentration.