‘Superinvestors’, or the top ten private investors ranked by portfolio size, are aggressively buying into technology names as they seek to capitalise on disruption from the pandemic, according to new research published by HNWI platform Pitchboard.
In its research, Pitchboard assessed the portfolios behind some of the biggest names in investment. These included Warren Buffett, Terry Smith and Carl Icahn, as well as Bill and Melinda Gates' Foundation Trust. Though financial names still account for the largest average percentage of these superinvestors' total shares (32.9%), technology stocks were the most valuable at $217.4bn. This was compared to the total value of these superinvestors' stake in financials at $148bn. The technology sector has rallied during the pandemic as people have increasingly had to rely on digital solution...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes