Hedge Funds Offload U.S. Tech Stocks at Record Pace, 10% Market Value Shed in Two Months

GS2.42%
According to Goldman Sachs' prime brokerage division, hedge funds sold U.S. technology stocks at a record pace over the past two months, offloading approximately 10% of cumulative market value. The team led by Vincent Lin noted that these funds were net sellers of the sector in six of the past eight weeks, marking the largest reduction since the bank began tracking the data over a decade ago.
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