Bloomberg Index of Billionaires’ Top U.S. Stock Holdings Falls Behind S&P 500
The ratio of the Bloomberg US Billionaires Investment Index to the S&P 500 has dropped to 0.41, its lowest level since April 2025, according to the provided data.
Fact Check
The claim is directly corroborated by the readable DayTraders article, which quotes The Kobeissi Letter and repeats the precise figures: ratio 0.41 and lowest since April 2025. X search results also surfaced the specific Kobeissi Letter post at https://x.com/KobeissiLetter/status/2042005062893879335 making the same statement. However, I could not fetch the X post itself, and I did not obtain a primary Bloomberg page or underlying index dataset in this run. Because the available evidence is consistent but mostly secondary/social rather than primary, the statement is best assessed as likely true rather than confirmed with high confidence.
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Summary
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Terms & Concepts
- S&P 500: A benchmark index tracking 500 large U.S. publicly traded companies, widely used to measure overall U.S. stock market performance.
- Investment Index: A basket of securities designed to track the performance of a specific market segment, strategy, or group of holdings.
- Portfolio Underperformance: A situation where an investment portfolio delivers weaker returns than a chosen benchmark over the same period.