# Hedge Funds Net-Sold $20 Billion in Tech Stocks as AI Net-Long Positions Were Erased By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/49705 Published: 2026-11-06T01:36:44.000Z Updated: 2026-11-06T01:36:44.000Z Section: Investing > Walleye Capital lost 5.9% in October, its worst monthly performance since March 2020, as several hedge funds also posted losses. Hedge funds were net sellers of about $20 billion in technology stocks over two weeks, and five trading days erased their net-long positions in AI stocks built since early 2025. Walleye Capital lost 5.9% in October, its worst monthly performance since March 2020, and was down 6.8% year to date. The $17 billion multi-strategy manager also planned to restructure its business, cut its core equity long-short team and return some investor capital. TokenPost previously covered the firm’s [planned capital return and equity changes](). Several hedge funds posted October losses: 2.3% at Millennium’s flagship fund, 5.4% at Marshall Wace’s Eureka fund, 2.4% at ExodusPoint and 2.3% at North Rock Capital. Point72 and Schonfeld also recorded losses. The figures cover different periods: the reported fund returns are for October, the stock sales span two weeks, and the AI positioning change occurred over five trading days. ## Links in this article - [planned capital return and equity changes](https://www.tokenpost.com/news/business/49464)