The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Insider Monkey) --Nowadays readers have access to Websites that track the daily changes in billionaires' wealth. We wanted to track the performance of billionaires' top stock picks. By looking at our
Insider Monkey has 30 stocks in its Billionaire Hedge Fund Manager Index and these 30 stocks (see the entire list
here ) had an average return of more than 16% this year as of March 16. The top seven stocks that we discussed above performed even better. Five of these seven stocks outperformed the market and they had an average return of 19.9%, vs. 12.3% for the SPY. It is too early to turn this into a trading strategy, but tracking this index is going to be more fun than tracking billionaires' wealth every 15 minutes.