---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000975077.md"
description: "Absolutely staggering.HFs have been selling AI stocks at their fastest pace on record according to Goldman Sachs.HFs have actively unwound risk in the past month.More specifically, TMT funds are now ~flat YTD, down from roughly +24% generated in H1 before the Leopold sell-off in July.There have been three big semis sell-offs this year:March, July, and now Oct-Nov. A lot of pain endured.I wonder the extent of risk budget cuts at HFs?What incentives remain for HFs to add risk so close to year end?That said, HFs are positioned *even* lighter than a ~month ago, so a rally could force some short covering.Feels like retail (and any buybacks) need to do the heavy lifting short-term."
datetime: "2026-11-06T18:38:51.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000975077.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000975077.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000975077.md)
author: "[Paradi Lab](https://longbridge.com/en/profiles/27651407.md)"
generator: "portal-rs"
---

# Absolutely staggering.HFs have been selling AI sto…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**