In this piece, we discuss the 10 Tech Stocks to Sell According to Billionaires.
Tech stocks have driven the market to the point where the S&P 500 technology sector now accounts for more than 39% of the index’s total market capitalization, its highest share on record and above the level reached during the 2000 internet bubble, according to a June 3, 2026, Reuters report.
Since the market’s March 2026 low, the tech sector has surged nearly 47%, more than double the S&P 500’s overall gain in that span, led by semiconductor names. Micron shares jumped 230% over that period, while Intel and Advanced Micro Devices each gained more than 160%. Matthew Maley, chief market strategist at Miller Tabak, warned that if the small group of tech stocks leading the rally falters, the broader indexes will follow, and the resulting money flows would inevitably reverse.
That concentration has left the market increasingly dependent on a narrow set of winners.
About 60% of S&P 500 constituents were trading above their 200-day moving averages as of early June 2026, below the roughly 73% level historically seen when the index hits new highs, according to Adam Turnquist, chief technical strategist at LPL Financial. David Lefkowitz of UBS Global Wealth Management noted that the largest companies are generating far higher returns than the average stock, and cautioned that portfolios should not carry too much exposure to the AI trade’s recent winners.
Against that backdrop, billionaires have been trimming stakes in several prominent tech names. With that, let’s jump to the list of tech stocks to sell according to billionaires.
Our Methodology
To curate our list for this article, we used Insider Monkey’s billionaire database, which tracks 107 billionaires and their holdings as of Q1 2026. Next, we identified tech stocks whose billionaire stakes declined more than 15% quarter-over-quarter (QoQ). We ranked the stocks in ascending order based on the QoQ decline in billionaire holdings.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. MongoDB, Inc. (NASDAQ:MDB)
QoQ Decline in Billionaire Holdings: 52.82%
MongoDB, Inc. (NASDAQ:MDB) features on the list of tech stocks to sell according to billionaires, with billionaire holdings declining from around $4.23 billion in Q4 2025 to $1.99 billion in Q1 2026, a decrease of about $2.23 billion.
That sell-off has come even as Wall Street has grown steadily more bullish on MongoDB, Inc. (NASDAQ:MDB).
On June 8, 2026, BofA analyst Koji Ikeda raised the firm’s price target on MongoDB, Inc. (NASDAQ:MDB) to $450 from $390 while keeping a “Buy” rating, citing higher confidence in the demand environment and multiple expansion across the infrastructure software peer group.
That update followed a series of similar moves. On June 2, 2026, Tigress Financial analyst Ivan Feinseth raised the firm’s price target to $515 from $430 while maintaining a “Buy” rating. Feinseth said he sees a compelling multi-year upside opportunity for MongoDB, Inc. (NASDAQ:MDB) shares, pointing to the company’s leading modern, general-purpose database and emerging AI data platform.
On May 29, 2026, Scotiabank raised its price target to $395 from $310 while keeping an “Outperform” rating. The firm noted that Atlas’ growth in the first quarter was solid, and said recent performance was enough to show the engine is humming.
That same day, Wedbush analyst Daniel Ives raised his price target to $390 from $380 while maintaining an “Outperform” rating. Ives noted MongoDB, Inc. (NASDAQ:MDB) started the year strongly, with first quarter fiscal 2027 results featuring beats across the board, while the company raised its fiscal 2027 revenue guidance significantly as Atlas consumption continues to show strength heading into the second half of fiscal 2027, with growing integration into mission-critical applications.
MongoDB, Inc. (NASDAQ:MDB) is a data platform company. Its platform combines a globally distributed operational database with a set of data services that help development teams manage a growing range of application requirements.
9. Insight Enterprises, Inc. (NASDAQ:NSIT)
QoQ Decline in Billionaire Holdings: 53.44%
Insight Enterprises, Inc. (NASDAQ:NSIT) is among the tech stocks to sell according to billionaires. Billionaire stake decreased from roughly $190.36 million in Q4 2025 to $88.63 million in Q1 2026, a drop of about $101.73 million.
That exit has come even as Insight Enterprises, Inc. (NASDAQ:NSIT) picks up analyst support and rolls out new offerings.
On June 1, 2026, Insight Enterprises, Inc. (NASDAQ:NSIT) announced the launch of Insight Managed Exposure Defense, a new managed security service built to help organizations defend against what the company described as an unprecedented wave of AI-driven vulnerabilities tied to newer AI models. The offering is designed to let organizations move from vulnerability exposure to a protected environment without lengthy procurement cycles or disconnected vendor relationships.
Jason Rader, Chief Information Security Officer at Insight Enterprises, Inc. (NASDAQ:NSIT), said the disclosure-to-weaponization window keeps shrinking and that most security teams cannot absorb a simultaneous patch wave across operating system, browser, and library tiers. He said the new service was built to absorb that operational load and keep the SOC watching.
The bundled service combines five capabilities: managed continuous threat exposure management, managed patch operations across systems, including Windows, Linux, and Cisco IOS, software supply chain and open source risk monitoring, software developer outsourcing for code remediation, and managed extended detection and response from a global SOC spanning the US, UK, India, and Manila.
That update followed news on May 27, 2026, when JPMorgan analyst Joseph Cardoso upgraded Insight Enterprises, Inc. (NASDAQ:NSIT) to “Neutral” from “Underweight,” raising the firm’s price target to $105 from $80. Cardoso cited continued enterprise demand momentum and the return of cloud growth, saying the company’s accelerating cloud gross profit growth and elevated hardware backlog present a compelling opportunity for investors.
Insight Enterprises, Inc. (NASDAQ:NSIT), founded in 1988 and headquartered in Chandler, Arizona, is a global solutions integrator providing IT hardware, software, cloud, and related services to enterprise customers. The company plays an important role in the AI PC and enterprise technology ecosystem by enabling organizations to deploy AI-optimized devices, including Copilot+ PCs, while supporting broader digital transformation initiatives through integrated infrastructure and cloud solutions.
8. Rapid7, Inc. (NASDAQ:RPD)
QoQ Decline in Billionaire Holdings: 57.28%
Rapid7, Inc. (NASDAQ:RPD) features on the list of tech stocks to sell according to billionaires. Billionaire stake decreased from roughly $195.91 million in Q4 2025 to $83.70 million in Q1 2026, a drop of about $112.22 million.
That decline has come alongside leadership changes and continued analyst skepticism about Rapid7, Inc. (NASDAQ:RPD)’s growth trajectory.
On June 1, 2026, DA Davidson analyst Rudy Kessinger raised his price target on Rapid7, Inc. (NASDAQ:RPD) to $6.50 from $5.25 while keeping an “Underperform” rating, following the company’s announcement that CEO Corey Thomas will transition to Executive Chairman, with Wael Mohamed stepping in as CEO effective immediately.
Kessinger noted that Mohamed is one of the board members nominated by activist investor Jana Partners as part of a cooperation agreement reached in March of last year. The analyst added that he continues to see negative annual run rate growth as likely for the foreseeable future, citing declines in Rapid7, Inc. (NASDAQ:RPD)’s VM business.
That update followed an earlier move from Barclays, which lowered its price target on Rapid7, Inc. (NASDAQ:RPD) to $6.50 from $8 last month while maintaining an “Underweight” rating after the company’s Q1 report. The Barclays analyst said Rapid7’s Q2 net new annual recurring revenue guidance came in below expectations, which the firm said warrants cuts to estimates.
Rapid7, Inc. (NASDAQ:RPD) is engaged in AI-powered managed cybersecurity operations. The company’s Rapid7 Command Platform integrates security data, enriching it with AI, threat intelligence, and innovation to reduce risk and disrupt attackers.
7. D-Wave Quantum Inc. (NYSE:QBTS)
QoQ Decline in Billionaire Holdings: 58.48%
D-Wave Quantum Inc. (NYSE:QBTS) is among the tech stocks to sell according to billionaires, with billionaire holdings falling from approximately $95.53 million in Q4 2025 to $39.67 million in Q1 2026, a decline of about $55.86 million.
Yet even as billionaires trimmed their stakes through the first quarter, Wall Street firms have been moving in the opposite direction, raising price targets and reiterating bullish ratings following D-Wave Quantum Inc. (NYSE:QBTS)’s first-ever analyst day.
On June 15, 2026, Mizuho analyst Vijay Rakesh raised his price target on D-Wave Quantum Inc. (NYSE:QBTS) to $35 from $29 while maintaining an “Outperform” rating, citing the analyst day presentation. Rakesh told investors that D-Wave extended its gate-based roadmap, targeting 10 logical qubits by 2030 and scaling to 100 by 2032, with prior targets still on track.
Mizuho said D-Wave Quantum Inc. (NYSE:QBTS) continues to lead in annealing quantum computing.
That update followed a June 2, 2026, note from Rosenblatt, which maintained its “Buy” rating and $43.00 price target after D-Wave Quantum Inc. (NYSE:QBTS)’s inaugural analyst day at the New York Stock Exchange. Management demonstrated both its quantum annealing and gate-based systems and detailed its product roadmap and financial targets, the firm added. Rosenblatt pointed to D-Wave’s ability to generate revenue from its annealing technology while developing what the firm called a competitive gate-based offering, noting the company operates both technologies.
The firm also cited the U.S. government’s recent $100 million investment in D-Wave Quantum Inc. (NYSE:QBTS) as validation of both quantum approaches. The stock is down nearly 9% year-to-date.
D-Wave Quantum Inc. (NYSE:QBTS) is engaged in developing and selling quantum computing systems, software, and services. It has an extensive product portfolio, which includes Advantage, Advantage 2, an open-source tool suite, and more. It also supplies a combination of quantum and classical computation resources.
6. Sezzle Inc. (NASDAQ:SEZL)
QoQ Decline in Billionaire Holdings: 58.83%
Sezzle Inc. (NASDAQ:SEZL) features on the list of tech stocks to sell according to billionaires. Billionaire stake declined from roughly $34.12 million in Q4 2025 to $14.04 million in Q1 2026, a decrease of about $20.07 million.
Yet while billionaire investors were cutting their stakes, Sezzle Inc. (NASDAQ:SEZL)’s stock has rallied nearly 130% year-to-date, with Wall Street firms raising price targets multiple times on the back of strong quarterly results and new payment partnerships.
On June 2, 2026, B. Riley raised its price target on Sezzle Inc. (NASDAQ:SEZL) to $141 from $117 while maintaining a “Buy” rating. The firm said the company has integrated with Knot’s CardSwitcher API, which automatically updates Sezzle’s virtual card as the preferred payment method across merchants, including Amazon (AMZN), Walmart (WMT), and Uber (UBER). B. Riley said the integration should improve checkout convenience and help drive top-of-wallet behavior among users, comparing it to similar integrations already in place at American Express (AXP) and PayPal (PYPL).
That update followed a strong Q1 from Sezzle Inc. (NASDAQ:SEZL).
In early May, Northland raised its price target on Sezzle Inc. (NASDAQ:SEZL) to $110 from $100 and kept an “Outperform” rating after strong gross merchandise volume and revenue growth in the quarter. Around the same time, Needham raised its price target to $122 from $94 while maintaining a “Buy” rating, citing an impressive beat-and-raise. Needham said strong gross merchandise volume growth, a higher take rate, and better-than-expected credit performance all contributed to the beat.
Sezzle Inc. (NASDAQ:SEZL) is a technology-enabled payments company that primarily operates in the US and Canada. In addition, the company provides Long-Term Lending through collaboration with third-party lenders and Product Innovation.
While we acknowledge the potential of SEZL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SEZL and that has 100x upside potential, check out our report about the cheapest AI stock.
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