[Hedge Funds Record Historic Sell-Off of U.S. Information Technology Stocks Over the Past Week] BlockBeats News, June 29: According to Goldman Sachs data, hedge funds sold the largest amount of U.S. information technology stocks in the week ending June 25 since data tracking began in 2016. This even surpassed August 2024, when the Nasdaq 100 Index fell more than -10%, entering correction territory. Meanwhile, the share of Magnificent 7 stocks in the total exposure of U.S. hedge funds dropped to 14.5%, nearing its lowest level in three years. This percentage has declined by -7 percentage points since the beginning of 2026, marking the largest six-month drop since the 2022 bear market. The above data indicates that hedge funds are reducing their exposure to U.S. tech stocks. [Original Link]