Hedge Funds Net-Sold $20 Billion in Tech Stocks as AI Net-Long Positions Were Erased

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 .

Source: TokenPost