News Formal

Hedge fund exposure to 7 biggest tech stocks at record high, Goldman Sachs says

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) - Hedge funds hold record exposure to the seven biggest tech stocks by market ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Nell Mackenzie and Carolina Mandl

Microsoft , Apple, Alphabet, Meta, Amazon, Nvidia and Tesla saw the biggest percent of single stock exposure as of Aug. 24, meaning the positions were trades in the individual stocks, not just in the indices like the Nasdaq. "It is momentum on steroids," he said, adding that stock-picking hedge funds might find it harder to outperform investments in other asset classes, like fixed income.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hedge funds’ exposure to Magnificent Seven tech stocks at record: Goldman SachsFirm says largest U.S. stocks collectively now make up about 20 per cent of the total net market value
Source: globeandmail - 🏆 5. / 92 Read more »