Hedge funds plow cash into top tech stocks leading to record levels of crowding

Hedge fund crowding hit record highs in the third quarter as the world’s top funds piled into a selection of popular stocks in the face of widespread market volatility, Goldman Sachs’ analysis of 13-F filings from 735 hedge funds with $2.4 trillion in assets shows. 

The convergence of strategies saw Goldman Sachs’ crowding index hit its highest levels in its 22-year history as hedge funds invested heavily into the world’s top technology stocks and reduced their exposure to the energy, healthcare, and industrials sectors. 

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