During the three-day period concluding July 28, hedge funds divested global information technology equities at the fastest rate since data tracking commenced in 2016. This record-breaking liquidation marks the most significant exit from the tech sector in nearly eight years.
Simultaneously, these institutional investors recorded their largest three-day decrease in total equity exposure since November 2022. This broad-based selling pressure extended beyond technology, impacting all market sectors as funds aggressively reduced their overall market positions.