In the first quarter of the year, several hedge funds took advantage of the market weakness by purchasing shares of the Magnificent Seven stocks, including notable names like GOOG, META, and AMZN. Despite a decline in popularity and concerns from investors about the tech sector's leadership, these funds displayed confidence in these stocks. 13F filings revealed strong buying activity, hinting at a potential rebound. Though skepticism exists, particularly following notable selling actions, many believe the Mag Seven still hold promise, especially with positive momentum seen in May.
A number of hedge funds bought up the Mag Seven stocks on weakness in the first few months of the year.
I found it intriguing that a handful of Mag Seven stocks dominated the list of most bought names in the first quarter of 2025.
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