Billionaire Stanley Druckenmiller Jettisoned Shares of Palantir and Nvidia, and Is Piling Into 3 High-Profile Turnaround Stocks
Duquesne Family Office's chief is dumping shares of Wall Street's hottest artificial intelligence (AI) stocks in favor of a trio of companies that are righting their respective ships.
Data is abundant, if not overwhelming, on Wall Street. Between earnings season -- the six-week period when a majority of S&P 500 companies unveil their quarterly operating results -- and near-daily economic data releases, it can be easy to miss something important.
For instance, investors might have overlooked one of the most-important days of the entire first quarter: Feb. 14. While Valentine's Day was the focus for most Americans, Feb. 14 marked the deadline for institutional investors with at least $100 million in assets under management (AUM) to file Form 13F with the Securities and Exchange Commission.
A 13F provides a concise snapshot that allows investors to see which stocks Wall Street's leading money managers have been buying and selling. While Berkshire Hathaway's Warren Buffett tends to be the most-followed fund manager, he's far from the only billionaire investor known to make waves on Wall Street.
