At Long Last, Being Underweight Tech Is a Winning Stock Strategy

For years, loading up on the biggest US technology stocks delivered a steady stream of riches — and avoiding them was a surefire ticket to the unemployment rolls. In 2026, the opposite has been true. Mutual fund managers who cut exposure to the volatile tech stocks that have roiled markets this year have been on a tear. Nearly 60% of large-cap mutual funds are outperforming their benchmarks, the highest share since 2007, according to data from Goldman Sachs Group Inc. Large-cap core and growth managers ha ...