Almost everyone is all-in on the Mag7 stocks
169 surveyed fund managers with $413 billion in assets said in August that the 'Long Magnificent 7' is the most crowded trade. Professionals, foreigners, and retail investors are heavily invested in these stocks. Source: Global Markets Investor, BofA
Wide dispersion among the Mag 7 so far this year
-Nvidia/Meta/Microsoft outperforming -Amazon/Google/Apple/Tesla underperforming Big shift from the previous few years when they all moved in tandem. Source: Charlie Bilello
2025 so far:
The “Magnificent7” are no longer moving in lockstep like they did in 2023 & 2024: ✅ Meta +16.7% ✅Microsoft +13.7% ✅Nvidia +7.1% ❌Amazon -4.4% ❌Google -11.8% ❌Apple -19.5% ❌Tesla -20.2% Source: Charlie Bilello
Mutual funds are 723bps underweight the Mag7
Source: Mike Zaccardi, CFA, CMT, MBA
Mag7 stocks trade at the cheapest in more than 2 years
Source: Mike Zaccardi, CFA, CMT @MikeZaccardi
An ugly day for Mag7 yesterday
Source: zerohedge, Bloomberg
The Magnificent 7 is officially in bear market territory 🐻
Source: Koyfin
The Mag Seven is off to a historically rough start in 2025:
$META: -2.38% $MSFT: -11.26% $AAPL: -12.74% $AMZN: -13.40% $GOOG: -18.55% $NVDA: -19.82% $TSLA: -33.41% Source: Trend Spider
