On October 22, all three hedge fund strategies tracked by Goldman Sachs lost more than 1%, the first time since the COVID-19 pandemic that fundamental long-short, systematic and multi-strategy funds posted simultaneous losses above that level, according to a Reuters report citing Goldman's prime brokerage data. The selloff hit crowded AI and technology positions: Meta fell 7% after announcing plans to issue a new share class to raise capital, Nvidia dropped 4%, and the Nasdaq Composite declined 2.6%, its worst session since June 5. Some funds cut leverage and sold holdings to limit losses, which can add pressure on prices, while global fundamental long-short funds remained up 8.8% year to date. The article frames this as a warning about concentration in one investment theme rather than a prediction of a market crash, and suggests investors check how much of their portfolio depends on the same few technology companies.
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Goldman Sachsinvestment trustsNasdaqQQQSPY
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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