Retail investors cut their holdings of large US tech stocks

According to data from Vanda Research, retail investors have reduced their purchases of the “Big Seven” and other tech giants in recent weeks. In mid-June, the share of retail purchases in total inflows fell from about 41% during the market turmoil in early April to around 23%. This year, a wider range of investors are investing less in the tech sector than in other areas of the market. According to Morningstar Direct, net capital inflows into technology exchange-traded funds (ETFs) since 2025 have been $7.1 billion, including retail and institutional capital flows. At the same time, the capital inflow of funds focusing on the dips buying strategy was about 25 billion US dollars, while the net capital inflow of international ETFs was close to 70 billion US dollars.