Tech leaders favoured by hedge funds last month: Hazeltree report

Hedge funds stuck to their holdings in companies with strong fundamentals in April, particularly technology and semiconductor stocks, according to a report on Wednesday from data platform ‌Hazeltree, ⁠in a ⁠month when the S&P 500 jumped over 10%.

Here are the details about hedge fund positioning in April:

Among mega-cap stocks, Meta and Amazon.com experienced more than a 5% month-over-month increase in the ⁠number of ‌funds holding long positions, Hazeltree said.