5 Best Stocks to Buy According to Billionaire Izzy Englander

2. Apple Inc. (NASDAQ: AAPL)

Englander’s Stake Value: $955,936,000
Percentage of Izzy Englander’s 13F Portfolio: 0.58%
Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ: AAPL) is a multinational technology company that develops, manufactures, and sells smartphones, laptops, tablets, wearables, and accessories. It was founded in 1977 and stands second on the list of 10 best stocks to buy according to billionaire Izzy Englander. Apple Inc. (NASDAQ: AAPL) shares have offered investors more than 36.54% in returns over the past year. 

On August 30, Apple Inc. (NASDAQ: AAPL) announced that its iOS devices are anticipated to grow 14% over year, thanks to the iPhone 12’s delayed introduction last year and the iPhone 13 lineup’s arrival next month. In comparison to the previous year, Android device sales are expected to increase by 6%.

The hedge fund chaired by Izzy Englander owns 6.98 million shares in Apple Inc. (NASDAQ: AAPL), worth over $955.94 million, representing 0.58% of their investment portfolio. Millennium Management has decreased its stake in Apple Inc. (NASDAQ: AAPL) by 58% in the second quarter of 2021. According to our database, the number of Apple Inc. (NASDAQ: AAPL) long hedge funds positions increased in the second quarter of 2021. There were 138 hedge funds that hold a position in Apple Inc. (NASDAQ: AAPL) compared to 127 funds in the first quarter of 2021.

ClearBridge Investments, in its first-quarter 2021 investor letter, mentioned Apple Inc. (NASDAQ: AAPL). Here is what the fund said: 

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”