4 Stocks Billionaires Bought Hand Over Fist in the Second Quarter
It's that time again, folks. Earlier this week marked the deadline for institutional investment firms, hedge funds, and the ultra-rich to file Form 13F with the Securities and Exchange Commission (SEC). This quarterly filing is a requirement for any company or person managing at least $100 million in assets.
Without digging too far into the weeds, a 13F provides a snapshot of what the brightest minds on Wall Street have been up to over the previous quarter (in this case, 4/1 to 6/30). Although it's a dated snapshot that can be at least six weeks old at the time of the SEC filing, it still provides insight into the stocks and trends billionaire money managers might be chasing or shying away from.
After poring over 13F data from aggregator WhaleWisdom.com, it became plainly evident that growth stocks were still very much on the minds of billionaire money managers. In fact, billionaires bought the following four stocks hand over fist in the second quarter.
Source Fool.com
