(Reuters) Closely-watched U.S. hedge fund managers were generally bearish on the FAANG group of high-flying tech stocks in the second quarter, with eight such investors in aggregate cutting or liquidating 18 stakes in the companies, regulatory filings showed. The group comprises Facebook (FB.O), Amazon (AMZN.O), Apple (AAPL.O), Netflix (NFLX.O) and Google parent Alphabet Inc (GOOGL.O), each of which have roughly followed broader U.S. indexes including the benchmark S&P 500 .SPX, Dow Jones industrial average .DJI, and the tech-heavy Nasdaq Composite .IXIC to record highs in recent months.
U.S. Hedge Funds Bearish on FAANG Stocks in Second-Quarter
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