Billionaire Stephen Mandel Slashed His Stake in 2 Cutting-Edge Artificial Intelligence (AI) Stocks in 2024 and Piled Into a Smoking-Hot High-Yield Dividend Payer Instead
Lone Pine Capital's billionaire chief is cashing in some of his chips in two market-leading tech stocks in favor of a time-tested business with a 3.5% yield.
In case you missed it, one of the most-important data releases of the entire quarter occurred on Feb. 14. While many Americans were reminding their significant other how cherished they are on Valentine's Day, institutional investors with at least $100 million in assets under management (AUM) were filing Form 13F with the Securities and Exchange Commission.
A 13F is a required filing no later than 45 days following the end to a quarter that spills the beans on which stocks Wall Street's top money managers have been purchasing and selling. In other words, 13Fs provide an easy way to tell which stocks, industries, sectors, and trends have the full attention of Wall Street's billionaire investors.
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