Hedge funds went all-in on US stocks last week—buying every single session.

This was their 2nd-biggest buying spree in 12 months.

~70% went into individual stocks (mostly new longs, some short covering). Tech and communication services led the charge. 8 out of 11 sectors saw inflows.

~30% flowed into macro plays—index futures and ETFs. Notably, they've been cutting short positions on US ETFs for 6 weeks straight.

The message is clear: hedge funds are loading up on US equities with conviction right now.