Billionaires Are Buying Hims & Hers Health Hand Over Fist. Should You Follow Their Lead?
If you'd like to become a billionaire, paying attention to how other billionaires invest is a sensible way to get started. Everyday investors can easily keep tabs on billionaire stock purchases because the U.S. Securities and Exchange Commission (SEC) makes them disclose their trading activity every three months.
In the latest round of disclosures, it's clear that a handful of funds run by billionaire investors bought shares of Hims & Hers Health (NYSE: HIMS) hand over fist.
During the three months that ended June 30, Israel Englander's Millennium Management fund more than doubled its position with a purchase of over 1.1 million shares. Sigma Investments, which is managed by John Overdeck and David Siegel, raised its stake by 145% with the addition of 1.5 million shares.
Source Fool.com
