The Kobeissi Letter said in a post on X that institutional investors are selling U.S. technology stocks. Citing Goldman Sachs data, the post said that in the week ended Aug. 4, hedge funds, asset managers, and other institutional investors sold $21.6 billion worth of Nasdaq futures, the largest weekly total on record. Short sales made up 72% of the total selling volume.
Within that total, hedge funds sold $11.9 billion and asset managers sold $7.4 billion. Goldman Sachs data also showed that the combined net position of institutional investors in Nasdaq futures fell to negative $5 billion, marking the first move into negative territory since May 2025. By comparison, that figure had reached as high as $54 billion in October 2025.
According to The Kobeissi Letter, institutions are using market strength to sell.
ChainCatcher reported that The Kobeissi Letter said in a post on X that institutional investors are selling U.S. technology stocks.
According to Goldman Sachs data, in the week ended Aug. 4, hedge funds, asset managers, and other institutional investors sold $21.6 billion in Nasdaq futures, setting a record for the largest weekly total. Short sales accounted for 72% of total selling volume.
Within that amount, hedge funds sold $11.9 billion, while asset managers sold $7.4 billion.
Goldman Sachs data also showed that the combined net position of institutional investors in Nasdaq futures fell to negative $5 billion, the first time it has turned negative since May 2025. For comparison, the figure had been as high as $54 billion in October 2025. The Kobeissi Letter said institutions are using market strength to sell.
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