NVDA, TSLA, PLTR: Hedge Funds Dump Stocks at Fastest Pace in 13 Years

FomoAnxiety · 2026-04-03T00:45:40+00:00

Hedge funds sold stocks at the fastest rate in 13 years amid rising crude oil prices and the ongoing Iran war, shifting to cash and defensive positions, particularly in consumer staples, as bearish sentiment grows.

FomoAnxiety

2026-04-03 00:45:40

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Hedge funds are selling stocks hand over fist, according to Wall Street investment bank Goldman Sachs GS +0.36% ▲ .

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Data from Goldman Sachs shows that hedge funds sold stocks at the fastest pace in 13 years during March. The selling marked the second-largest pace since the bank began tracking the data in 2011. The sales come as rising crude oil prices upend global financial markets.

Goldman Sachs says the accelerated selling is driven by concerns about further stock market weakness as the war in Iran continues. Hedge funds have been selling their positions in leading stocks such as Nvidia NVDA +0.88% ▲ , Tesla TSLA -5.46% ▼ , and Palantir PLTR +0.98% ▲ as they get defensive and move into cash.

Bearish Sentiment Among Hedge Funds

In the U.S. market, hedge fund selling occurred across multiple sectors, with eight of 11 industries recording net outflows during March. The selling was particularly strong in technology, industrials, and financials – sectors that are linked to the economy’s performance.

In addition to sitting in cash, hedge fund managers shifted into defensive positions, purchasing consumer staple stocks such as Costco Wholesale COST +1.34% ▲ and Walmart WMT +0.67% ▲ at the fastest rate since July 2025. Goldman Sachs says a majority of hedge fund managers are bearish on equities as the Iran war rages on.

Is NVDA Stock a Buy?

Nvidia’s stock has a consensus Strong Buy rating among 42 Wall Street analysts. That rating is based on 41 Buy and one Hold recommendations issued in the past three months. The average NVDA price target of $273.34 implies 55% upside from current levels.

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