technology
Hedge Funds Reduce U.S. Tech Holdings by Most Since 2011
Hedge funds have posted their biggest two-week reduction in U.S. information technology exposure in the past 10 years, excluding the 2021 meme stock frenzy. The move was driven by long sales outpacing short covers at a 1.5 to 1 ratio. Nearly all subsectors saw cuts, with semiconductors leading the sales.
KO
insidermonkey.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Hedge funds posted their largest two-week reduction in U.S. technology stock exposure since 2011, excluding the meme-stock frenzy of early 2021. The data come from 13F filings analyzed by market commentators.
According to @KobeissiLetter on X, “Hedge funds are rushing to reduce tech exposure.” The account posted the commentary on May 3, 2026, noting that hedge funds just recorded the largest two-week reduction in tech exposure in over a decade. The post highlighted that information technology exposure was cut by a ratio of 5 to 1.
Semiconductor and semiconductor equipment subsectors led the reductions through sales of long positions. Hedge funds sold shares of Magnificent 7 stocks in four of the last five trading sessions. The reductions follow multi-year gains that had lifted many tech holdings to record levels.
Benzinga reported on the Kobeissi Letter commentary, describing the moves as the biggest two-week tech pullback in over ten years. The reporting noted that hedge funds had been trimming exposure amid recent market volatility near all-time highs.
