How the billionaires played Apple last quarter

“Doing what the billionaires do might not be the best way to manage your investments,” Philip Elmer-DeWitt reports for Fortune. “But it’s the strategy that iBillionaire has chosen.”

“What started as an iPhone app that tracked the securities holdings of the richest investors grew into a stock fund — Direxion iBillionaire Index (IBLN) — that turned one-year-old last month,” P.E.D. reports. “Apple was one of the fund’s best performers and remains a top holding for eight of the investors that iBillionaire tracks: Carl Icahn, David Einhorn, Leon Cooperman, David Tepper, George Soros, Julian Robertson, Ray Dalio and Richard Chilton.”

Read more and see the charts in the full article here.

[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]

7 Comments

  1. Imagine ~ ~ ~ ~ iBillionaires wake up one day out of their financial game playing and realize where they are: On miracle planet Earth, our only home ~ ~ ~ ~ And they decide to do something positive with their life and their game winnings ~ ~ ~ ~ for a change. ~ ~ ~ ~

    It could happen!

    (And no Neo-Con-Job kiddies. I’m not talking about going all liberal loony: the other side of The Land Of The Lost coin. There are far more important things in the world, if you look).

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