Does Billionaire Israel Englander Know Something Wall Street Doesn't? The Billionaire Investor Just Sold 8.1 Million Shares of Walmart Stock.

Israel "Izzy" Englander is a billionaire portfolio manager who serves as CEO of the hedge fund Millennium Management. According to Millennium's latest 13F filing, Englander's fund sold 8.1 million shares of Walmart (NYSE: WMT) during the third quarter.So what? Consider the fact that the fund had been consistently adding to its position in Walmart during the three prior quarters.At first, I was a bit perplexed as to why Englander decided to trim the fund's position in Walmart right now. However, after some careful thinking and consideration, I think this decision makes sense.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool