Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

News Spotlights Stocks

Hedge Funds were big sellers of Big Tech stocks last week – Morgan Stanley

post-img

Hedge funds made adjustments to their positions last week, reducing bullish bets on major tech stocks and increasing short positions, according to Morgan Stanley’s quant strategists.

The selling observed in mega-cap technology stocks on Thursday marked the third-highest level since May 2022.

“Flows to the broader TMT universe also skewed towards being net sold as has been the case since August, though the magnitude was not as notable [last] week,” the analysts said.

Overall, flows in the broader tech sector continued to show a tendency toward net selling, a trend observed since August, though the magnitude was less notable last week.

Moreover, hedge funds engaged in net selling of global equities, with discretionary stocks in the U.S. experiencing the strongest pace of selling since early January.

The financials sector was the second-most net sold, while net buying in real estate reached its highest level since February 2022. Hedge funds contributed to the buying trend through long additions, while also covering shorts in the sector.

Additionally, ETFs saw small amounts of buying in North America.

Related Post