The quarterly 13F documents disclosed by the US Securities and Exchange Commission show that in the second quarter of this year, institutional investors slightly reduced their holdings in key sectors such as semiconductors, artificial intelligence infrastructure, and large technology stocks, and there were no obvious signs of unidirectional large bets overall. After analyzing the 13F documents submitted by 6,371 pension funds, hedge funds, wealth management agencies and other institutional investors, it was found that there was not much difference between the number of institutions that increased their holdings and reduced their holdings, but in many cases, the one that reduced their holdings had a slight advantage. In the group of supertech stocks known as the “Big Seven,” about 44% of reporting institutions cut their holdings, while 42% of institutions chose to create or increase their holdings. The remaining institutions did not disclose changes in shareholding. This group of tech giants has always been an important force driving the stock index upward in this round of the bull market. The 13F data also showed that by the end of the second quarter, institutional investors were still too numerous in the semiconductor sector as a whole. Of the declared funds, 48% were net buyers, and only 34.5% were net sellers.

The quarterly 13F documents disclosed by the US Securities and Exchange Commission show that in the second quarter of this year, institutional investors slightly reduced their holdings in key sectors such as semiconductors, artificial intelligence infrastructure, and large technology stocks, and there were no obvious signs of unidirectional large bets overall. After analyzing the 13F documents submitted by 6,371 pension funds, hedge funds, wealth management agencies and other institutional investors, it was found that there was not much difference between the number of institutions that increased their holdings and reduced their holdings, but in many cases, the one that reduced their holdings had a slight advantage. In the group of supertech stocks known as the “Big Seven,” about 44% of reporting institutions cut their holdings, while 42% of institutions chose to create or increase their holdings. The remaining institutions did not disclose changes in shareholding. This group of tech giants has always been an important force driving the stock index upward in this round of the bull market. The 13F data also showed that by the end of the second quarter, institutional investors were still too numerous in the semiconductor sector as a whole. Of the declared funds, 48% were net buyers, and only 34.5% were net sellers.