Hedge Funds Accelerate Tech Sector Buying, Fastest Since June 2025

Hedge funds' buying speed for U.S. technology, media, and telecom stocks has reached the fastest level since June 2025, according to recent data. In the past 11 trading days, they have net purchased related stocks on 10 of those days. Goldman Sachs Prime Brokerage data indicates that hedge funds' tech stock buying pace over the last two weeks ranks in the 97th percentile compared to the past five years. The buying momentum was particularly strong in semiconductor and equipment stocks, bidirectional media and service stocks, and IT services stocks.

Goldman Sachs Prime Brokerage noted that while long positions in tech stocks have increased, hedge funds' overall positioning has remained cautious. Short positions in macro commodities have also expanded, suggesting the tech stock buying may be part of a broader risk asset accumulation, though further confirmation is needed.