What does our friend, billionaire John Armitage, know?
Meet John Armitage – one of Wall Street's quiet super-investors, without noise, without ideas on social media – it's no wonder his associates call him a 'shell'.
John manages a $8.7 billion portfolio through Egerton Capital.
But, despite everything, these moves don't stay under our radar:
1. Amazon ($AMZN) – Wow.
A 75% addition to the position!
Has Amazon become the retailer John trusts?
Perhaps following Amazon's moves in the AWS and AI sectors?
When someone like John Armitage almost doubles his position in Amazon, it certainly sparks interest on Wall Street.
2. LPL Financial ($LPLA) – Increased the position by +238% (!).
Is our billionaire betting on a boom in personal and private wealth management? (Which is actually the company's expertise)
3. Eli Lilly ($LLY) – one of the hottest stocks in the medical field for 2024, mainly due to the company's famous weight-loss drugs.
Our John doesn't remain indifferent and adds 75% to his position in $LLY – he just buys.
And are there new surprises?
4. Carpenter Technology ($CRS) – a new stock in the portfolio.
Technology for advanced industries – perhaps American infrastructure, perhaps defense – certainly interesting! (We will update our premium channel on secret and unusual insider purchases in the stock, including among politicians, if we detect any)
5. Also adds Aramark ($ARMK), almost doubling with an +80% addition to the portfolio.
Aramark is a provider of services and logistics for events, universities, hospitals, and the entire public sector in routine operations.
Is our John betting on a renewed routine?
And alongside the purchases, there are also sales:
Stock - $GE: position reduced by almost 40%.
Stock - $CP: position reduced by 40%.
Stock - $MA was also reduced, and... Meta? Yes, Meta ($META) – one of the social intelligence monopolies – was reduced by 7%.
Does he think they are close to realizing their potential soon?
Updates of this magnitude and timeframe are not seen every day and are certainly not routine...
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Shabbat Shalom dear friends!