Goldman Sachs reports that hedge funds and mutual funds both increased their holdings in Bloom Energy, Flex, and Seagate Technology.
Goldman Sachs reported that both hedge funds and mutual funds added shares of Bloom Energy, Flex, and Seagate Technology during the second quarter of 2026. While the two investor groups diverged on several artificial-intelligence-related equities, they both increased exposure to 12 specific AI infrastructure stocks, including American Electric Power and Xcel Energy. Goldman Sachs noted that hedge funds remain more exposed to the AI trade overall than mutual funds. However, both groups are currently overweight the financials sector, a position held by both groups for only the third time in historical data. Shared favorite stocks popular with both groups, such as Boeing and Mastercard, have returned 29% year-to-date, outperforming the equal-weight S&P 500. The findings are based on reports analyzing 991 hedge funds and 504 large-cap active mutual funds. The bank noted that while hedge funds are overweight consumer discretionary, mutual funds hold the opposite position in consumer staples.