Post by Augustine Chiagozie (@pabloexchange)

🧫 Semiconductor Trade Remains Most Crowded

80% of global fund managers said in early June that long global semiconductors is the most crowded trade, according to a BofA survey. This marks the second consecutive month semiconductors have topped the list.

This reading is the second-highest since 2014, only behind long US tech at 82% in October 2020. Meanwhile, just 12% of respondents named long Magnificent 7 as the most crowded trade, which led for 23 months from 2023 to 2025[ and peaked near 70% in June last year.

Semiconductor stocks have never been hotter.

🧫 Semiconductor Trade Remains Most Crowded 80% of global fund managers said in early June that lon...

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