Hedges Seek Haven in Big Tech, Top 10 Holdings Jumped to 70%

HEDGE FUNDS

Hedge funds increased tech and consumer holdings, while cutting energy and materials positions. The average weightings of top 10 holdings jumped to 70% in the three months ended June. They are betting on pricing climbing back to levels seen at the start of the pandemic.

Amazon surpassed Microsoft as the most popular long position.

Gold is on the down…  

Funds continue selling off Gold!

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