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Several US hedge funds reduced their holdings in the "Big Tech Seven" in Q3.

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According to a report by Golden Finance, based on the latest quarterly disclosure documents, Wall Street's largest hedge funds shifted their attitude towards technology giants in the third quarter, reducing their Holdings in some of the “Big Seven” tech stocks, including Nvidia, Amazon, Alphabet, and Meta, while placing new bets in areas such as application software, e-commerce, and payments. In the quarter ending September 30, several funds also reduced their Holdings in well-known companies in the healthcare and energy sectors. The overall market rose in the third quarter, with the S&P 500 index rising nearly 8%, while the Nasdaq 100 index, which has a higher proportion of tech stocks, saw an approximate increase of 9% for the quarter.

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