From Nasdaq: 2024-04-15 05:45:00

Renowned hedge fund manager Ken Griffin boasts a net worth of $36.7 billion, largely attributed to his firm, Citadel. Despite owning top-performing stocks like Nvidia, Microsoft, Amazon, and Meta Platforms, Griffin’s largest holding is the SPDR S&P 500 ETF Trust, surprising many with his preference for an index ETF over individual stocks.

Griffin’s biggest bet on the SPY ETF isn’t unique among billionaires; Warren Buffett also favors S&P 500 index funds. However, an even more cost-effective choice could be the Vanguard S&P 500 ETF due to its lower expense ratio. Both Griffin and Buffett have approved of the Vanguard ETF, highlighting its potential appeal to a wider range of investors.

Before investing in the SPDR S&P 500 ETF Trust, consider The Motley Fool Stock Advisor’s top 10 stock picks for potential monster returns. While the ETF may not be among their selections, Stock Advisor offers valuable insights, portfolio guidance, and new stock picks monthly, significantly outperforming the S&P 500 since 2002.



Read more at Nasdaq: What’s Billionaire Ken Griffin’s Biggest Holding? You Might Be Surprised.