This Vanguard index fund is heavily invested in the "Magnificent Seven" stocks, a group that includes Nvidia, Microsoft, Apple, Amazon, Meta Platforms, Alphabet, and Tesla.

Recently filed Forms 13F indicate these billionaire-led hedge funds bought shares in the Vanguard Mega Cap Growth ETF ( MGK -0.59% ) during the second quarter:

Cliff Asness' AQR Capital Management added 6,205 shares, doubling its stake.

Ken Griffin's Citadel Advisors added 10,498 shares, starting a small position.

David Shaw's D.E. Shaw added 8,190 shares, starting a small position.

While none of these hedge funds have particularly large positions in the Vanguard Mega Cap Growth ETF, it's still a worthwhile holding as part of a diversified portfolio. The index fund provides heavy exposure to the "Magnific

See Full Page