Tech leaders favoured by hedge funds last month, Hazeltree says

Lam Research

20/05/2026 09:00

LONDON, May 20 (Reuters) - Hedge funds stuck to their holdings in companies with strong fundamentals in April, particularly technology and semiconductor stocks, according to a report on Wednesday from data platform Hazeltree, in a month when the S&P 500 jumped over 10%.

Here are the details about hedge fund positioning in April:

Among mega-cap stocks, Meta META.O and Amazon.com AMZN.O experienced more than a 5% month-over-month increase in the number of funds holding long positions, Hazeltree said

Nvidia NVDA.O experienced a 4.5% decline, but remained a favourite long in the semiconductor sector

The share of companies in the Philadelphia Semiconductor Index in which hedge funds hold net long positions rose to 57% in April from 53% in March

Crowding in the U.S. semiconductor sector remained most pronounced on the long side in Nvidia, followed by Broadcom AVGO.O and Lam Research LRCX.O

On the short side, ON Semiconductor ON.O was the most crowded name, followed by Microchip Technology MCHP.O and Monolithic Power Systems MPWR.O

(Reporting by Samuel Indyk; additional reporting by Nell Mackenzie; Editing by Amanda Cooper and Barbara Lewis)

((Samuel.Indyk@thomsonreuters.com))