5 Popular Stocks Billionaires Couldn't Sell Fast Enough in the Second Quarter
In case you missed it, arguably the biggest deadline of the third quarter arrived on Monday, Aug. 16. This was when institutional investment firms and hedge funds with at least $100 million in assets under management were required to file Form 13F with the Securities and Exchange Commission (SEC).
Put simply, a 13F provides a snapshot of what institutional investors and hedge fund managers have been buying and selling over the previous quarter (in this instance, 4/1 through 6/30). Even though the information contained in a 13F is dated, it can still provide an abundance of clues as to what successful money managers have been buying or avoiding.
After perusing these SEC filings on 13F aggregator WhaleWisdom.com, it became apparent that there were five popular stocks billionaires couldn't sell fast enough in the second quarter.
Source Fool.com
