Billionaires Are Bullish on This Sector
Find out which sector investors are bullish on this quarter & and the exact stocks they are buying!
With big gains and exciting headlines, it’s no wonder why billionaires are bullish on the Technology Sector this quarter.
As the biggest sector of the market, eclipsing Industrials and even the Financial Sector, the Tech industry provides us all with exciting news and developments.
Recent trends have shown that the sector is a hot investment area: In the first couple of months of 2017 Apple and Google stocks were up around 15% and payment processing giant PayPal was up almost 20% Q/Q.
New innovations and inventions are always keeping us on our toes: Apple is gearing up for the release of its 10 year anniversary of the iPhone and Amazon has recently won patents for several designs, like warehouse robot technology designed to replace janitors and a pretty cool floating sky warehouse that looks like something that was created after reading an H. G. Wells novel.
The strong stock gains and futuristic developments have prompted billionaires to add more tech-focused stocks to their portfolio, as reflected in the latest IBLN index rebalance. Let’s take a look to see what they’re buying!
Allocation to the Information Technology Sector within the IBLN Index was up 20% since the last rebalance, with the addition of new stocks including Salesforce, Micron, and Symantec. Activision Blizzard and Electronic Arts were also added this quarter — these adds represent an interesting trend reflecting the rise of a new eSports industry.
All Big 5 tech companies are included in the IBLN index: Apple, Google, Amazon, Facebook and Microsoft. Many of these stocks are owned by more than just one or two billionaires: Facebook is owned by an incredible 9 billionaires on our list (Robertson, Tepper and Loeb to name a few), Apple is owned by Buffett, Einhorn and 3 others, and 7 billionaires own Google Class A shares (GOOGL is up 74.15% over the past 3 years, by the way).
As you can see in the Historical Sector Allocation graph below, the Tech sector has been gaining ground as a percentage of the Index over the past year — the sector represents double the proportion it was a year ago:
IBLN Index Historical Sector Allocation
Check out the full IBLN Index holdings here.
The increasing representation of Technology stocks within the IBLN Index shows the strong positive sentiment that the billionaires have for the industry. It’s a growing trend and presents itself as a huge investment potential for the savvy buyer.
The future of the industry relies heavily on innovation and invention and with inspirational leaders like Jeff Bezos, Tim Cook and Mark Zuckerberg at the helm, you can rest assured your money is being invested in a thrilling place.
There is no section of the modern economy that the tech industry hasn’t touched, and future trends are only expected for tech usage to become more prominent.
Grab yourself a piece of the pie while it’s still hot: invest in the IBLN Index today!
iBillionaire Capital LLC is an SEC registered investment advisor. See sipc.org for more details. By using this website, you accept our Terms of Use and Privacy Policy. Before investing, consider your investment objectives and iBillionaire’s charges and expenses. Historical performance is not a guarantee of future returns. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in loss. Not endorsed by, affiliated with, sponsored by, or fully reflective of the “billionaires” or their companies. The information contained on and used by our site and in our apps includes the names, brief biographical information, and references the companies of certain persons whom iBillionaire has identified from publicly available information as high net worth and financially sophisticated personal investors, most of whom are public figures. iBillionaire does not communicate with and is not supported or endorsed by or affiliated or associated with any of these individuals or their companies. To the extent these individuals use their names or the names of their companies as trademarks, such trademarks belong to their respective holders, and iBillionaire’s use of the same does not imply any affiliation with or endorsement by them. Information about the investments of the listed billionaires is limited to that which is publicly available in regulatory filings and may not provide a complete picture of each of their personal investment strategies. Daily and annual performance rates for the billionaires are calculated based on this limited information and will not accurately reflect each billionaire’s personal investment return. In addition, certain information is gleaned from filings made by companies substantially owned or controlled by one of the billionaires, which we have attributed to the billionaire personally.
Originally published at blog.ibillionaire.com on June 13, 2017.
