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Several US hedge funds reduced their holdings in the "Big Tech Seven" in Q3.
The largest hedge fund on Wall Street reduced its holdings in some tech giants, including Nvidia and Amazon, in the third quarter, while allocating new funds to areas such as application software and e-commerce. At the same time, the fund also reduced its investments in the healthcare and energy sectors. In this quarter, the market overall rose, with the S&P 500 and Nasdaq 100 indices rising nearly 8% and 9%, respectively.
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