7 Billionaires Just Sold Shares of This AI Giant That's Climbed 105,000% Since Its IPO. And 1 Bought the Stock. Which Should You Follow?
Retail investors eagerly wait for one particular moment each quarter, and it's not necessarily the earnings report of their favorite company. Instead, it's an event that offers them a glimpse into the investing strategies of billionaires. I'm talking about the filing of Form 13F.
Retail investors eagerly wait for one particular moment each quarter, and it's not necessarily the earnings report of their favorite company. Instead, it's an event that offers them a glimpse into the investing strategies of billionaires. I'm talking about the filing of Form 13F. Managers of more than $100 million in securities must file these forms, listing their trades, on a quarterly basis.
Though some of their moves may not be right for you, taking a look at their decisions still is informative and could offer you investing inspiration. Of course, even these expert investors don't see eye-to-eye at all times. For example, one might have purchased shares of a particular company this quarter while another sold the shares.
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But in the first quarter of this year, seven out of eight billionaires whose 13Fs I examined sold shares of the same AI giant -- one that's seen its stock climb 105,000% since its initial public offering. The eighth billionaire opened a position in the stock, and it's among his top holdings.
So, first let's name the company that I'm referring to -- one that's been around for decades and has built a long track record of earnings growth, and at the same time has positioned itself for AI growth too. I'm talking about Microsoft (NASDAQ: MSFT) .
Before we consider whether Microsoft is a buy, a hold, or a sell, we'll take a look at the moves made by several billionaires in the first quarter:
David Tepper of Appaloosa Management cut his position in Microsoft by 82% to 90,000 shares, and the stock now represents 0.56% of his portfolio.
Michael Platt of Bluecrest Capital Management closed his Microsoft position. It used to represent 0.11% of his portfolio.
