4 Robinhood Stocks Billionaires Bought Hand Over Fist in the Second Quarter

You may not realize it, but arguably the most important data dump of the quarter occurred last week. On Aug. 16, institutional investors and hedge funds with over $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission.

In plainer terms, a 13F filing provides a clear snapshot of what the brightest and most-successful money managers were buying, selling, and holding in the most recent quarter (i.e., 4/1 through 6/30). Even though 13F filings are six or more weeks old, they can still add invaluable insight into what trends money managers have been buying into or shying away from.

What's particularly noteworthy about these second-quarter 13Fs is that a number of widely held stocks on online investing app Robinhood (NASDAQ: HOOD) were extremely popular buys among billionaires. Although Robinhood's retail following is known for chasing momentum plays, billionaire money managers seemed to agree that the following four stocks were worth buying hand over fist in the second quarter.

Source Fool.com