Hedge Fund Net Exposure to Magnificent Seven Rose to Nearly 22%

Hedge fund net exposure to the Magnificent Seven rose to nearly 22% of total U.S. holdings, reaching its highest level since 2022.

The exposure was recorded on a prime brokerage book, where hedge fund positions in the seven companies reached a multiyear high. Net exposure measures the portion of portfolios positioned toward the group after offsetting opposing positions.

The increase marks a multiyear high in hedge fund concentration in the group.