2 Tech Stocks That Wall Street Billionaires Are Buying
Each quarter, institutional investors with over $100 million in assets under management must disclose their equity holdings in a Form 13F filed with the SEC. That not only creates an element of transparency in the market but also allows smaller investors keep tabs on what Wall Street's top stock pickers are buying and selling.
For instance, in the fourth quarter, billionaire James Crichton of Hitchwood Capital Management started a position in MongoDB (NASDAQ: MDB), buying 95,000 shares for his hedge fund. And billionaire John Overdeck of Two Sigma Investments added over 173,000 shares of HubSpot (NYSE: HUBS) to his hedge fund.
Clearly, these professional asset managers see something they like, so let's take a closer look at both businesses.
Source Fool.com
