If there is anyone, who can show an impressive investment record it is the billionaire money managers. We set out to take advantage of their business acumen and help retail investors make affordable investments by buying cheap stocks that enjoy the support of funds led by billionaire investors. Without further ado, let us dig deeper into these companies.
Today there are dozens of tools investors can use to grade their holdings. A duo of the most under-the-radar tools are hedge fund and insider trading sentiment. Our researchers have shown that, historically, those who follow the top picks of the elite fund managers can trounce their index-focused peers by a very impressive margin (see the details here).
#5 Brocade Communications Systems, Inc. (NASDAQ:BRCD)
– Billionaires with Long Positions (as of March 31): 6
– Value of Billionaires’ Holdings (as of March 31): $308.06 million
The stock price of the $3.9 billion communications & networking company gained 5.30%, while the number of billionaire funds from our database holding shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) slid by one during the first quarter. The stock is trading at around 13 times earnings and sports a dividend yield of 2.28%. Brocade Communications completed the acquisition of Ruckus Wireless at the end of May, which allowed Brocade to expand in new segments of the networking market, such as 5G or the Internet of Things.
#4 Regions Financial Corp (NYSE:RF)
– Billionaires with Long Positions (as of March 31): 7
– Value of Billionaires’ Holdings (as of March 31): $156.27 million
The number of billionaires from our database long Regions Financial inched up by one during the first three months of 2016. The stock has declined by more than 3% since the beginning of the year and has a dividend yield of 2.82%. For the second quarter, Regions Financial posted EPS of $0.21, which was in line with estimates, while revenue of $1.40 billion was $30 million ahead of analysts’ expectations. Average loans and leases went up by 4% on the year and net interest income increased by 3.4% to $848 million.