Israel “Izzy” Englander is an American billionaire and hedge fund manager who founded Millennium Management. The hedge fund seems to beat the market even during volatility because of its multi-strategy approach to diversify its portfolio and minimize risks.
Insider Monkey recently published an article called Billionaire Izzy Englander’s Top 10 Stock Picks. The summary of it is below, with most of Englander’s picks are in the technology sector.
Millennium Management upped their stake The Proctor and Gamble Company 174% in Q4; in total, they have estimate 4 million shares of the company, worth $556.18 million. The shares of P&G are up 18% over the last 12 months.
Millennium Management increased its hold in Alphabet Inc by 236%. With more than 364,545 shares, it is worth $634 million. It was said that Alphabet Inc was one of our best-performing stocks last year, returning 30.9%.
Intel Corporation shares are up by 42% over the last 12 months.
Millennium Management increased its hold by 1224%, entering 2021 with a $888 million stake, while Englander’s hedge fund increased its stake in NVIDIA Corporation by almost 1000%.
Millennium Management currently has a $959 million stake at Alibaba Group Holding Limited; their shares were up by 24% over the last 12 months. However, Alibaba’s performance was by almost 14% the past month.
Facebook, Inc. is one of the most popular stocks, with shares up by 80% over the last 12 months. Millennium Management also invests in Amazon, where they have over $1.4 billion worth of shares.
Microsoft Corporation has had an excellent performance throughout the years with their cloud computing business. In 2020 there was an increase of 42.4% increase in their shares. Apple Inc. continues to have good performance and increasing market competition. Millennium Management has over $2.42 billion worth of the company’s shares.
On top of Englander’s list would be SPDR S&P ETF Trust. Currently, Millennium Management owns 8.47 million shares which amount to $3.17 billion, which was up by 18% in 2020.
Read more of Billionaire Izzy Englander’s Top 10 Stock Picks by clicking on the link.
