An investment adviser with historic ties to Warren Buffett likely scored a $900 million gain on Wayfair stock in less than 10 weeks | Markets Insider

The purchases meant it owned 5.2 million Wayfair shares, or 5.5% of the company, at the end of March. Wayfair stock has skyrocketed 230% since then, lifting the value of RCG's stake from about $280 million to $920 million.Mitch Rubin's fund has used a unique approach to reap 26% returns and double client assets this year. He breaks down his 3-part process for deciding which stocks to buy — and what to bet against.

RCG also bet on Wayfair via the Sequoia Fund, the $3 billion mutual fund it manages. Sequoia took a position in the e-commerce group in the third quarter of 2019, then almost doubled its stake to 1.9 million shares by the end of March,The upshot is that the combined value of RCG's direct investment and its Sequoia Fund bet has soared from roughly $380 million to $1.25 billion — an $870 million gain in less than 10 weeks..

On howuch investment? 10B?

Sverige Senaste nytt, Sverige Rubriker

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