The Smartest People on Wall Street Are Buying These 2 Stocks -- Should You Follow?
Every quarter, investment firms that oversee a minimum of $100 million in assets are required to disclose their holdings with the U.S. Securities and Exchange Commission. These 13F filings can be a treasure trove of stock ideas.
Microsoft (NASDAQ: MSFT) and Walt Disney (NYSE: DIS) have been favorites with two notable fund managers recently. Let's examine why.
One of the more widely followed hedge funds is Maverick Capital, which was founded in 1993 by Lee Ainslie. During the second quarter, Maverick Capital increased its position in Microsoft by 16%, one of the firm's largest holdings. Shares of the software giant have surged 35% year to date, and that market-beating performance comes on top of the stock's more than 300% return over the last five years. It's clear that Ainslie still sees more upside.
Source Fool.com
