3 Tech Stocks Billionaires Bought Hand Over Fist in Q2
With all that's going on in the country right now, between the coronavirus disease 2019 (COVID-19) pandemic and the upcoming local, state, and national elections in November, you might have missed what's arguably the most important date for investors of the third quarter: August 14.
Roughly a week and a half ago (Aug. 14) marked the deadline for money managers with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides a snapshot of what stocks money managers were holding, as of June 30, 2020, as well as what they purchased and sold during the previous quarter. In other words, it's an under-the-hood look at what the brightest minds on Wall Street have been up to during an exceptionally volatile time for the stock market.
Of particular interest is how billionaire money managers threw their weight around in the tech sector during the second quarter. It's no secret that tech stocks have been leading the market higher for months, making tech a logical parking spot for billionaires during the second quarter. The question being, which tech stocks did they fancy?
Source Fool.com