Billionaires Are Selling These Dow Jones Stocks and Buying These Instead
The Dow Jones Industrial Average includes 30 of the strongest companies around. This includes industry leaders that have a long record of delivering solid returns for investors, and many of these stocks pay regular dividends to shareholders.Two notable billionaires, David Tepper of Appaloosa Management and Bill Gates, co-chair of the Gates Foundation, hold large stakes in Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN). But the latest Form 13F filings with the Securities and Exchange Commission (SEC) reveals that these firms reduced their stakes in the two stocks in the fourth quarter and were buying two other Dow Jones stocks.David Tepper's Appaloosa Management still held a stake of 2.6 million shares in Amazon last quarter, one of the firm's largest holdings, but after a 166% rise in the share price over the last 12 months, Tepper reduced his firm's stake by over 18%. Continue reading
The Dow Jones Industrial Average includes 30 of the strongest companies around. This includes industry leaders that have a long record of delivering solid returns for investors, and many of these stocks pay regular dividends to shareholders.
Two notable billionaires, David Tepper of Appaloosa Management and Bill Gates, co-chair of the Gates Foundation, hold large stakes in Microsoft (NASDAQ: MSFT) and Amazon (NASDAQ: AMZN). But the latest Form 13F filings with the Securities and Exchange Commission (SEC) reveals that these firms reduced their stakes in the two stocks in the fourth quarter and were buying two other Dow Jones stocks.
David Tepper's Appaloosa Management still held a stake of 2.6 million shares in Amazon last quarter, one of the firm's largest holdings, but after a 166% rise in the share price over the last 12 months, Tepper reduced his firm's stake by over 18%.
