Institutional Investors Sell U.S. Stocks for Fourth Consecutive Week, $9.9B Individual Stock Outflows

According to Bank of America data released on July 2, institutional clients have sold U.S. stocks for the fourth consecutive week, with technology sector inflows declining to historic lows. Individual stocks experienced $9.9 billion in outflows, the fourth-largest since 2008.

In contrast, hedge funds remained net buyers during this period, while retail investors turned net buyers for the first time in six weeks, reflecting a divergence among investor types. Meanwhile, corporate share buyback activity slowed for the fifth consecutive week, falling to its lowest level since February 2026.