Stock Market Sell-Off: 2 Growth Stocks Billionaire Money Managers Bought in Q1
During the first quarter, the S&P 500 fell more than 5% as rampant inflation and the prospect of rising interest rates sparked fears about a recession. But while many investors were selling out of the market, some professional money managers were buying.
For instance, billionaire Chase Coleman of Tiger Global added over 2 million shares of Sea Limited (NYSE: SE) to his hedge fund, making it the fifth-largest position in his portfolio. Similarly, billionaire David Siegel of Two Sigma Advisors doubled his position in PayPal Holdings (NASDAQ: PYPL), adding nearly 1.8 million shares to his hedge fund.
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Source Fool.com
