Several American hedge funds reduced their holdings of the "Big Seven Tech Giants" in Q3.

According to the latest quarterly disclosure documents, the largest hedge funds on Wall Street have changed their attitude towards tech giants in the third quarter, reducing their holdings in some of the "Big Tech Seven" stocks, including Nvidia, Amazon, Alphabet, and Meta, while placing new bets in areas such as application software, e-commerce, and payments. In the quarter ending September 30, several funds also reduced their holdings in well-known companies in the healthcare and energy sectors. The overall market rose in the third quarter, with the S&P 500 index up nearly 8%, and the Nasdaq 100 index, which has a higher percentage of tech stocks, rising by about 9% for the quarter.