<div id="readability-page-1">Record sector weight: Semiconductors now account for the largest share of hedge fund exposure on record, up sharply in 2026. Crowding at extremes: BofA survey finds 73% of fund managers rank 'long global semiconductors' as the market’s most crowded trade. Macro headwinds: Rising bond yields and high energy costs are pressuring high-growth technology and aerospace stocks.</div>

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<p>Hedge funds have increased their exposure to semiconductors, which now represent the largest sector weight on record. A BofA survey indicates that 73% of fund managers consider 'long global semiconductors' the most crowded trade. However, rising bond yields and high energy costs are creating macro headwinds for high-growth technology and aerospace stocks.</p>

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

SPDR S&P Semicon

iShares Semiconductor ETF

Guotai CSI All Share Integrated Circuit ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

VanEck Vectors Semiconductor UCITS ETF Accum A USD

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

XL2CSOPHYNIX

VanEck Semiconductor ETF

Roundhill Memory ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Direxion Semicon Bull 3X

First Trust Nasdaq Food & Semicon

Invesco Semiconductors ETF

Bank of America

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Bank of America Corp

Hedge funds pile into chips as BofA flags sell risk