Workflow
Billionaire Philippe Laffont Dumped His Stake in a Consumer Favorite That's Risen 5,500% Since Its IPO in Favor of an Artificial Intelligence (AI) Stock-Split Stock
CMGChipotle Mexican Grill(CMG) The Motley Fool·2025-03-27 08:51

Coatue Management's Philippe Laffont is making some eyebrow-raising moves with his nearly 30billionhedgefund.WallStreetisadata−dominatedlandscape,anditcanbeeasyforinvestorstoallowthisoverabundanceofdatatocausethemtomisssomethingimportant.Forexample,Feb.14representedadaywheremostAmericanswenttheextramiletoensuretheirsignificantotherknewtheywerespecial.Butforinstitutionalinvestorswithatleast30 billion hedge fund.Wall Street is a data-dominated landscape, and it can be easy for investors to allow this overabundance of data to cause them to miss something important.For example, Feb. 14 represented a day where most Americans went the extra mile to ensure their significant other knew they were special. But for institutional investors with at least 100 million in assets under management (AUM), Valentine's Da ...