According to data from Goldman Sachs's main brokerage business department, hedge funds have reduced their holdings of technology stocks at the fastest rate in at least ten years. In the five trading days up to October 15, hedge funds cut technology positions by the largest amount since Goldman Sachs began counting in 2016. Meanwhile, a report from Goldman Sachs Global Banking and Markets Division showed that overall transaction activity declined at the fastest rate in nearly three months. Hedge funds sold off at a time when global tech stocks were plummeting. As AI-themed trading declined globally, the Nasdaq 100 index fell 5.5% last week, the biggest drop since April 2025. In these five trading days covered by Goldman Sachs data, technology stocks were the worst performing sector in the MSCI Global Index. According to Goldman Sachs data, the net sales capital flow of global stocks reached two standard deviations of the past year's capital flow. The IT sector is far ahead in net sales. The IT sector has the most prominent net sales, while the semiconductor sector has the largest sales amount. However, hedge funds still hold large positions in technology stocks. According to the report, the technology sector accounts for 23.5% of global Prime holdings, and the net allocation to this sector is still at the 90th level in the past five years. But hedge funds have become more cautious. The net leverage ratio fell to a one-year low of 48.6%. This indicator measures the extent to which long positions outweigh short positions.

According to data from Goldman Sachs's main brokerage business department, hedge funds have reduced their holdings of technology stocks at the fastest rate in at least ten years. In the five trading days up to October 15, hedge funds cut technology positions by the largest amount since Goldman Sachs began counting in 2016. Meanwhile, a report from Goldman Sachs Global Banking and Markets Division showed that overall transaction activity declined at the fastest rate in nearly three months. Hedge funds sold off at a time when global tech stocks were plummeting. As AI-themed trading declined globally, the Nasdaq 100 index fell 5.5% last week, the biggest drop since April 2025. In these five trading days covered by Goldman Sachs data, technology stocks were the worst performing sector in the MSCI Global Index. According to Goldman Sachs data, net global stock sales capital flows reached two standard deviations of the past year's capital flows. The IT sector is far ahead in net sales. The IT sector has the most prominent net sales, while the semiconductor sector has the largest sales amount. However, hedge funds still hold large positions in technology stocks. According to the report, the technology sector accounts for 23.5% of global Prime holdings, and the net allocation to this sector is still at the 90th level in the past five years. But hedge funds have become more cautious. The net leverage ratio fell to a one-year low of 48.6%. This indicator measures the extent to which long positions outweigh short positions.