Latest summary of the 13F holdings report: Divergence in sector adjustments among technology leaders and the AI sector, with long-short battles falling into a stalemate.

The quarterly 13F filings disclosed by the U.S. Securities and Exchange Commission show that in the second quarter of this year, institutional investors slightly reduced their positions in key sectors such as semiconductors, artificial intelligence infrastructure, and large tech stocks, without any significant signs of large-scale one-way bets. An analysis of 6,371 13F filings submitted by pension funds, hedge funds, wealth management institutions, and other institutional investors revealed that the number of institutions increasing their holdings was not significantly different from those reducing them, although in many cases, those reducing their positions had a slight edge. Among the group of super tech stocks known as the "Magnificent Seven," about 44% of reporting institutions reduced their holdings, while 42% chose to establish or increase positions. The remaining institutions did not disclose any changes in their holdings. These tech giants have been a key driving force in pushing indices upward during this bull market. The 13F data also showed that as of the end of the second quarter, institutional investors remained overall bullish on the semiconductor sector. Among the reported funds, 48% were net buyers, while only 34.5% were net sellers.