Billionaire Israel Englander 1000X'd His Stake in a Vanguard ETF That's Been a Surefire Moneymaker, According to History
Statistically, the index this exchange-traded fund (ETF) tracks has never declined over any rolling 20-year period, including dividends, since the start of the 20th century.
Overview
Although we're entering the heart of earnings season, the quarterly filing of Form 13Fs with regulators can be just as telling for investors. A 13F provides investors with a concise snapshot of the stocks and exchange-traded funds (ETFs) that Wall Street's savviest money managers have been buying and selling.
Billionaire Israel Englander of Millennium Management is among the most-watched of all fund managers. Millennium almost always hedges its positions with call and put option contracts, resulting in the fund holding in excess of 5,600 positions at the end of March. But one unhedged position of Englander's is particularly noteworthy: the S&P 500 (SNPINDEX: ^GSPC)-tracking Vanguard S&P 500 ETF (NYSEMKT: VOO).
Billionaire Israel Englander oversees a sizable portfolio at Millennium Management. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.