Warren Buffett and 8 Other Billionaires Have $8.5 Billion Invested in This Incredible Stock

Investors looking for stock ideas may be wise to follow what some of the wealthiest money managers in the world are doing. Luckily, it's easy to see what many of them have been up to recently thanks to required filings from the Securities and Exchange Commission (SEC).

It's rare for a lot of billionaires to all agree on a single investment. After all, the only way a market works is if there are both buyers and sellers. But every so often a large group of billionaires all agree that a stock is a clear buy.

As of the end of 2024, nine prominent billionaires, including Warren Buffett, disclosed positions in Amazon (NASDAQ: AMZN). Aside from Buffett, who invests in Amazon through Berkshire Hathaway, the other eight billionaires holding the stock are: David Tepper, Philippe Laffont, Chase Coleman, Stephen Mandel, Dan Loeb, Andreas Halvorsen, Larry Robbins, and Stanley Druckenmiller. Their positions accounted for between 1.8% and 10% of their portfolios as of the end of the year.

Continue reading