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บทความ / PANews

Goldman Sachs: Hedge funds cut tech stock holdings at the fastest pace since 2016, with concentrated selling in semiconductors.

PANews October 20 news, according to Jinshi Data, Goldman Sachs prime brokerage data shows that in the five trading days ending last Thursday, the proportion of net selling in the technology sector by hedge funds relative to holdings hit the highest record since statistics began in 2016. The semiconductors and semiconductor equipment sector contributed 57% of the net selling amount in U.S. technology stocks. Last week, the Nasdaq 100 index fell 5.5%, and the Philadelphia Semiconductor Index fell about 11.4%. After the reduction, technology stocks still accounted for 23.5% of the net allocation in Goldman Sachs' global prime brokerage book, at the 90th percentile over the past five years. According to separate Goldman Sachs statistics, from October 12 to 16, leveraged equity ETFs saw net inflows of nearly $9.5 billion, a single-week record, of which SOXL inflows were about $7 billion.

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