Hedge funds' Mag 7 bet up ~47% in three months to a record 22%
Goldman Sachs data shows US hedge funds' net exposure to the Magnificent 7 tech stocks hit a record 22% as of Oct 5.
It was about 15% in July. That's a ~47% jump in three months and 2.75x the 8% low from the 2022 bear market.
Everyone leaning the same way into earnings season is how small misses turn into big drops.
https://x.com/KobeissiLetter/status/2108925519181816113
Sources: @AgentQuant_: Mag 7 net exposure record 22%, semiconductor exposure 12% nearing 14% peak · X story: Hedge Funds Hit Record 22% Exposure to Magnificent 7 Stocks (Goldman data, 8% low in 2022)
Not financial advice. For informational and educational purposes only.
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