Hedge Funds' Net Exposure to the US Tech "Magnificent Seven" Rises to 22%, Setting a Record High

On October 10 that according to The Kobeissi Letter, investor bullish sentiment toward large-cap technology stocks has reached an all-time high. Hedge funds' total US net exposure to the US "Magnificent 7" tech stocks has risen to 22%, setting a new record. This figure has surged by 7 percentage points since July, marking the largest three-month gain since 2023, and surpassing the 21% peak set in June 2024 (compared to just 8% during the 2022 bear market lows).

Meanwhile, hedge funds' total US net exposure to semiconductor stocks has risen to 12%, remaining just slightly below the 14% peak recorded in June 2026, while this metric stood at only 2% in early 2025. Current market demand for technology stocks is exceptionally strong.