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

📆 2023/08/28 23:33:00

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

📆 2023/08/28 23:33:00
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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.

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