Hedge Funds Bought Stocks Every Day Last Week, Second Fastest Weekly Buying Spree Of 2026

The relentless meltup continued last week as US equities marched back to all time highs and beyond on a string of benign inflation prints (CPI, PPI, Retail Sales, U Mich), a resurgence in the tech sector, and a collapse in trading volume and liquidity.

Software, the biggest short of the first half of 2026, saw another big squeeze higher on WDAY M&A (there was broad-based covering of software baskets / ETFs) coupled with Memory strength positive news flow around SNDK investor day on Thursday. From a flow perspective, Asset Manager and HF skews were benign as trading volumes and institutional activity remain anemic entering the heart of August.