BofA Clients Were Net Buyers of U.S. Stocks Last Week, Hedge Fund Inflows Hit Record High
N.R. Finch
Bank of America clients were net buyers of US stocks last week for the first time since late May; hedge-fund four-week average net flows hit their highest level since records began in 2008, signalling big money is rushing back in.
Who was buying, and how much?
Single-stock net inflows reached $3.1 billion for the week — the largest weekly inflow since March. Equity ETFs drew another $1 billion.
The buying snapped a multi-week streak of net selling that had persisted since late May.
This means → the shift is not a minor top-up but a directional reversal in client positioning.
Why are hedge funds the headline?
Hedge-fund clients drove the bulk of the buying. Their four-week average net flow rose to the highest on record since BofA began tracking in 2008.
In plain terms = in sixteen years of data, hedge funds have never piled into US equities this aggressively.
Institutional and retail clients were also net buyers, but hedge funds were the dominant force.
Which sectors attracted the most money?
Clients were net buyers in 6 of 11 sectors. Consumer discretionary led with the largest weekly inflow in BofA's history for that sector — after four straight weeks of net selling.
Technology and healthcare also saw sizable inflows, their first net buying in three and six weeks respectively.
This reflects a rotation from defence to offence — cyclically sensitive sectors tied to economic strength are back in favour.
Who is still being sold?
Financials saw the heaviest outflows and have now been net-sold for seven consecutive weeks.
Energy and utilities also recorded net selling.
This means → money is not flooding in indiscriminately — it is making a deliberate sector swap, buying growth and selling late-cycle names.
Content is for reference only, not financial advice.