3 Stocks Billionaire Money Managers Can't Stop Buying
When 2019 comes to a close, it may prove to be one of the best years on record for investors. All three major stock indexes have significantly outperformed their historic average annual returns, including dividends, and when adjusted for inflation. Yet, even with the market going through the roof, there are still a handful of stocks that billionaire money managers simply can't get enough of.
On Nov. 15, money managers with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission. Form 13F provides a portfolio snapshot as of the end of the previous quarter (in this case, Sept. 30, 2019), and allows investors to see what some of the brightest and most successful minds on Wall Street have been up to over the past couple of months.
Although 13F filings aren't without their flaws -- they are, after all, at least a 45-day-old snapshot, and a lot could have changed since then -- they can still help investors identify popular trends or stocks. During the third quarter, it would appear that billionaire money managers were fixated on the following three companies.
Source Fool.com
