5 Best Stocks to Buy According to Billionaire Izzy Englander

3. Linde plc (NYSE: LIN)

Englander’s Stake Value: $770,190,000
Percentage of Izzy Englander’s 13F Portfolio: 0.47%
Number of Hedge Fund Holders: 55

Linde plc (NYSE: LIN) is an industrial gas company. The company was founded in 1879 and is placed third on the list of 10 best stocks to buy according to billionaire Izzy Englander. His bet on Linde plc (NYSE: LIN) is also paying off. Shares of the company surged 26.71% over the last 12 months.

On September 8, Linde plc (NYSE: LIN) agreed to supply industrial gases to a new production facility in Phoenix, Arizona, under a long-term deal with one of the world’s leading semiconductor makers. Linde’s will invest about $600 million. On August 3, Wells Fargo analyst Michael Sison raised the price target on Linde plc (NYSE: LIN) to $360 from $340 and maintained an “Overweight” rating on the shares. 

Izzy Englander currently holds 2.66 million shares of Linde plc (NYSE: LIN), worth $770.19 million. Millennium Management has increased stake in the firm by 12293% in the second quarter of 2021. Overall, hedge funds are loading up on Linde plc (NYSE: LIN), as 55 out of 873 funds tracked by Insider Monkey held stakes in the company in the second quarter of 2021, compared to 43 funds a quarter earlier.