Goldman Sachs said hedge funds have been reducing technology-stock holdings at the fastest pace since 2016 years ago, with semiconductors facing concentrated selling
Goldman Sachs Prime Services data show that, over the five trading days through last Thursday, hedge funds' net sales of technology stocks as a proportion of holdings reached the highest level since 2016 years ago, while semiconductors and equipment accounted for 57%of net sales in U.S. technology stocks. During the same period, the Nasdaq 100 Index fell 5.5%, and the Philadelphia Semiconductor Index fell by approximately 11.4%。