Rich Investors Are Buying These 2 Tech Stocks Now

Rich investors are taking advantage of tech stocks right now.

According to Dataroma, a website that tracks 68 of the world's top billionaire portfolio managers like Buffett, Marks, Ackman, and more, five of the top stocks rich investors own are Facebook Inc. (NASDAQ: FB), Alphabet Inc. (NASDAQ: GOOGL), Microsoft Corp. (NASDAQ: MSFT), Amazon.com Inc. (NASDAQ: AMZN), and Apple Inc. (NASDAQ: AAPL).

This is unsurprising, as these are some of the biggest and most popular stocks in the world.

What is more interesting and useful for retail investors like us, however, are the stocks they're buying now that are flying under the radar.

Thanks to the SEC filings billionaire portfolio managers are required to submit quarterly, we can track exactly which companies these are.

This will give you an advantage over most investors because you're essentially getting inside info on the stocks the big guys are buying that other people don't know about yet.

Last quarter, two tech stocks were the biggest purchases by these portfolio managers.

So today, we're going to break them down.

The top tech might surprise you because it's a company you probably haven't heard before but interact with on a regular basis without even knowing it.

Let's get started…

The Top Dividend-Paying Tech Stock

If coronavirus has made anything clear, it's that working from home is possible for a lot of companies who didn't think so before.

That trend is likely to continue even after COVID-19 dies down because businesses are realizing they can get the same work done from home while saving a significant amount of money on office space.

If that theory holds true, companies at the forefront of networking solutions will be in major demand.

Well, it appears rich investors must be thinking along the same lines because Cisco Systems Inc. (NASDAQ: CSCO) was one of their top stocks they added to their portfolios last quarter.

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Disclosure: None.

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