Billionaire Philippe Laffont Dumped His Stake in a Consumer Favorite That's Risen 5,500% Since Its IPO in Favor of an Artificial Intelligence (AI) Stock-Split Stock
Coatue Management's Philippe Laffont is making some eyebrow-raising moves with his nearly $30 billion hedge fund.
Wall Street is a data-dominated landscape, and it can be easy for investors to allow this overabundance of data to cause them to miss something important.
For example, Feb. 14 represented a day where most Americans went the extra mile to ensure their significant other knew they were special. But for institutional investors with at least $100 million in assets under management (AUM), Valentine's Day marked the deadline to file Form 13F with the Securities and Exchange Commission. A 13F allows investors to see which stocks Wall Street's smartest money managers purchased and sold in the latest quarter.
Although 13Fs aren't without their flaws -- since they're filed up to 45 calendar days after a quarter ends, they can provide stale data for active hedge funds -- they're ideal for highlighting the stocks, industries, sectors, and trends that are piquing the interest of Wall Street's most-successful investors.
