Market News / Story
Hedge funds push Mag 7 exposure to highest level since 2022 - Goldman
Seeking Alpha ·
Seeking Alpha reports: Hedge fund concentration in mega-cap tech has reached a multi-year high, with net exposure to the Magnificent Seven rising to nearly 22% of total U.S. holdings on Goldman Sachs’ prime book. Net portfolio exposure to the group ( ) ( ) ( ) ( ) ( ) ( ) ( ) ( ) has hit its highest level since the start of 2022, according to data from Goldman Sachs Prime Brokerage as of Oct. 5, a strong rise from the roughly 15% trough recorded in July. The data also show gross exposure…