4 Robinhood Stocks Billionaires Can't Stop Buying
In case you missed it, the most important day of the first quarter came and went last week -- and it had nothing to do with earnings results.
Approximately 45 days following the end of a quarter, money management firms with at least $100 million in assets are required to file Form 13F with the Securities and Exchange Commission. A 13F provides a snapshot of what money managers were holding as of the end of the most recent quarter (in this case, Dec. 31, 2020). Although 13Fs have their limitations -- they're 45 days old and won't reflect any trading activity in the current quarter -- they can still turn Wall Street and retail investors on to stocks or trends that have the attention of hotshot money managers.
What might be of interest is that four highly popular Robinhood stocks were favorites among billionaire investors during the fourth quarter. Though Robinhood's predominantly young user base is known for chasing momentum plays and penny stocks, the companies that billionaire money managers honed in on appear to have real substance behind them.
Source Fool.com
