3 Skyrocketing Stocks Billionaires Sold in Q3

You wouldn't know how crazy 2020 has been just by looking at the year-to-date performance of the benchmark S&P 500. Inclusive of dividends, the widely followed index has delivered low double-digit returns. This comes after losing 34% of its value in less than five weeks during the first quarter.

But not everyone is gung-ho about the eight-month-old new bull market in equities. Although many successful money managers have been investing in high-growth and innovative companies, recent Form 13F filings with the Securities and Exchange Commission (SEC) show that billionaires sold three skyrocketing stocks during the third quarter.

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Source Fool.com