Hedge funds have shifted their investment strategies, emerging as substantial buyers of U.S. stocks after five consecutive weeks of selling. Recent data indicates that hedge funds net bought U.S. equities daily throughout the past week, marking the fastest buying pace since early November. This surge in buying activity is attributed to stronger-than-expected earnings reports, with single stocks experiencing the largest net buying in over three years. The technology sector was particularly favored, with long buys outpacing short sales nearly 10 to 1, leading to the most notional net buying since December 2021.