Want to invest like Warren Buffett? Thanks to a new index launched on the New York Stock Exchange by iBillionaire, you can follow the blue-chip stock holdings of investors such as Buffett and hedge fund managers Daniel Loeb, David Tepper and David Einhorn.
Composed of the top 30 large-cap equities listed on the S&P 500, the iBillionaire Index tracks the stocks in which these billionaires have allocated the most funds. What's more, index co-founder Raul Moreno told The Los Angeles Times that in February, iBillionaire will introduce an exchange-traded fund for investors who want to mimic the Wall Street titans.
The top holdings in the index are Apple, Wells Fargo, AIG, Yahoo and Coca Cola. Since 2005, the annualized return of the index was 11.8 percent on Friday, compared with 4.5 percent on the S&P 500. In its best year, 2009, it delivered 48.03 percent, versus 26.34 percent for the S&P. The worst year was 2008, when it was down 33.04 percent versus the S&P, down 36.79 percent.
The index uses information from 13F filings, which detail stock holdings of fund managers and are required by the SEC to be filed within 45 days of the end of each quarter.
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