Hedge fund filings reveal which managers started 2026 exposed to software stocks — and which one made a prescient bet

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The software sell-off hasn't been pretty. Thanks to fears that artificial intelligence would make software businesses obsolete, stocks like Salesforce, Oracle, Workday , and more have shed trillions of dollars in market cap. Who in the $5.2 trillion hedge fund industry has been stung by this sell-off isn't entirely clear. Still, a recent release of regulatory filings of funds' holdings reveals which managers were most exposed to the sector at the start of the year. It's unclear if these funds