It sounds like the latest get-rich-quick scheme. Invest in the same stocks as top billionaire investors, and you too can become wealthy.
On Wednesday, the New York Stock Exchange and iBillionaire launched the iBillionaire Index, which tracks the blue-chip stock holdings of leading billionaire investors, including Warren Buffett, Dan Loeb, David Tepper, John Paulson, Carl Icahn and David Einhorn.
The index comprises the 30 large-cap equities listed on the S&P 500 in which financial billionaires have allocated the most funds. It compiles information from 13F filings—the quarterly disclosures from investment managers detailing their stock holdings.