BofA survey shows 37% of fund managers overweight tech stocks

What happened

Inside the numbers The survey, released on October 13, polled 161 participants between October 2 and October 8, 2026. The shift towards tech stocks highlights potential market concentration risks and underscores the growing influence of AI on investment strategies.

The post BofA survey shows 37% of fund managers overweight tech stocks appeared first on Crypto Briefing . 15, 2026 Professional money managers have picked a side, and it is not the shopping mall.

Bank of America ’s October 2026 Global Fund Manager Survey shows a net 37% of fund managers are now overweight technology stocks. That is up from 30% in September and marks the heaviest tech exposure since August 2020.

Meanwhile, consumer discretionary stocks are getting the cold shoulder at a level not seen since July 2008. Together, those respondents manage $453 billion in assets.

The headline figure is the jump in tech positioning. Going from a net 30% overweight to a net 37% in a single month is a meaningful shift for a group that usually moves like an ocean liner, not a jet ski.

Tech is not the only sector getting love. Pharmaceuticals came in as the next most overweight sector at +23%, with industrials close behind at +22%.

Key facts

• Inside the numbers The survey, — released: on October 13, polled 161 participants between October 2 and October 8, 2026