Investors are rotating out of mega-cap tech stocks at a historic pace:

The equal-weight S&P 500 ETF, $RSP, attracted +$5.9 billion in inflows in February, the largest monthly inflow since inception.

This exceeds the previous record of +$5.0 billion set in 2023.

Over the same period, the Magnificent 7 ETF, $MAGS, saw a record -$388 million in outflows.

As a result, $RSP is up +5.5% year-to-date, while $MAGS is down -7.1%.

This marks a 12.6 percentage point performance gap in just over two months.

Investors seem to be diversifying out of Big Tech.