Hedge funds increased their exposure to U.S. equities last week, recording their second-largest weekly buying total of the past 12 months, The Kobeissi Letter said in a post on X. About 70% of the demand came from individual stocks, driven mainly by fresh long positions rather than short covering. Information technology and communication services saw the strongest demand, and 8 of the 11 sector groups posted net buying. Macro products such as index futures and ETFs accounted for roughly 30% of total demand, while short positions in U.S.-listed ETFs declined for a sixth consecutive week. The post said hedge funds are doubling down on bets on U.S. stocks.