Select Billionaire Money Managers Are Selling a Stock-Split Stock That's Gained 214,000% Since Its IPO -- and They're Likely to Regret It
This unstoppable company has split its shares nine times in the last 37 years, but found itself on the chopping block by a pair of billionaire fund managers in the first quarter.
There's nothing more valuable on Wall Street than data -- and there's rarely a shortage of it for investors. Between earnings season, which is a six-week period each quarter where most S&P 500 companies report their operating results, and near-daily economic reports from the federal government, it's easy for investors to be overwhelmed by the sheer amount of data they can comb through. It's also possible to overlook something important.
For instance, one of the most-telling data dumps of the entire quarter occurred less than four weeks ago, and it very well may have flown under the radar of most investors.
May 15 was the deadline for institutional investors overseeing at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides a concise snapshot of a fund's portfolio, which allows investors to see which stocks, exchange-traded funds (ETFs), and select options Wall Street's smartest money managers purchased and sold in the latest quarter.
