3 Popular Stocks Billionaires Heavily Sold in Q2
One of the most important days of the quarter occurred last Friday, Aug. 14, even if you didn't have it circled on your calendar. For money managers with more than $100 million in assets under management, Aug. 14 marked the filing deadline for Form 13F with the Securities and Exchange Commission.
Form 13F provides a snapshot of the investment holdings for hedge funds and institutional investors, giving Wall Street and retail investors an opportunity to see what the brightest minds on Wall Street have been buying and selling over the previous quarter. Considering that the second quarter was one of the most volatile on record due to the coronavirus disease 2019 (COVID-19) pandemic, you can rightly imagine that investors were very curious to know what billionaire money managers have been up to.
There was obviously plenty of buying, with the stock market rebounding from its fastest bear market correction in history. But there was also quite a bit of surprise selling. Billionaire money managers heavily sold the following three popular stocks during the second quarter.
Source Fool.com
