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TERM OF THE DAY

The Securities and Exchange Commission's (SEC) Form 13F is a quarterly report that is required to be filed by all institutional investment managers with at least $100 million in assets under management. It discloses their equity holdings and can provide insights into what the smart money is doing in the market.

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Warren Buffett's Berkshire Hathaway sold off about 10 million shares or nearly $2 billion of Apple stock in the final quarter of 2023, according to the firm's 13-F filing. Read more

Tepper's Appaloosa Trimmed Semiconductor Holdings, Took Big New Positions in Oracle, ARKK

Appaloosa reduced its positions in chipmakers AMD, Qualcomm, TSMC and Intel, while boosting its holdings of Alibaba and Amazon, and initiating large positions in Oracle Corp and the ARK Innovation ETF. Read more

Assets Under Management (AUM): Definition, Calculation, and Example

Assets under management (AUM) is the total market value of the investments that a person (portfolio manager) or entity (investment company, financial institution) handles on behalf of investors. Read more

Smart Money: What It Means in Investing and Trading

Smart money is the capital that is being invested or withdrawn from the market by knowledgeable financial professionals. Read more

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