Billionaires Warren Buffett and Israel Englander Just Sold Some Nu Stock. Should You?
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Nu Holdings (NYSE: NU) has been an incredible stock over the past few years, and it's no surprise that several billionaire fund managers own it. What might be surprising is the breadth of investors who have bought it. It appeals to both Warren Buffett and Cathie Wood, two investors whose investing styles are like night and day, and whose only other stock in common is Amazon.But is its growth streak over? Buffett's Berkshire Hathaway just sold 19% of its stake in Nu, or more than 20 million shares. It now accounts for just 0.4% of the total Berkshire Hathaway portfolio. Famed investment manager Israel Englander of Millennium Management sold shares as well, and nearly his entire position: 99%.Do they know something the market doesn't know? I don't think so. I'll explain why I think they sold and why Nu is still a top stock for many investors, and I'll also tell you which billionaire managers just took a position in it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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