Hedge funds sharply increased purchases of U.S. semiconductor stocks last week, according to data cited by BlockBeats from Goldman Sachs. The buying marked the largest accumulation in nearly three and a half years and came right after the sector went through its biggest two-week selling stretch since June 2024. Semiconductor names now account for 10% of total hedge fund exposure, double the level seen a year earlier. That said, the share is still below the 14% peak recorded in May. The move suggests hedge funds are positioning for the view that the semiconductor sell-off has run its course.
Hedge funds are buying U.S. semiconductor stocks in size, according to Goldman Sachs data cited by BlockBeats on July 14. Last week marked the biggest net buying of U.S. chip stocks by hedge funds in nearly three and a half years.
The buying followed the sector's largest two-week sell-off since June 2024. Semiconductor stocks now make up 10% of total hedge fund exposure. That is twice the level from the same period last year, though still below the 14% peak recorded in May.
BlockBeats said the positioning points to a bet by hedge funds that the semiconductor sell-off is over.
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