In this article, we will discuss the 5 best stocks to buy according to billionaire Izzy Englander. If you want to read our detailed analysis of Englander’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Stocks to Buy According to Billionaire Izzy Englander.
5. Pra Health Sciences Inc acquired by ICON Public Limited Company (NASDAQ: ICLR)
Englander’s Stake Value: $616,337,000
Percentage of Izzy Englander’s 13F Portfolio: 0.37%
Number of Hedge Fund Holders: 39
ICON Public Limited Company (NASDAQ: ICLR) is a pharmaceutical, biotechnology, and medical device industries. It was founded in 1990 and is placed fifth on the list of top 10 best stocks to buy according to billionaire Izzy Englander. Shares of ICON Public Limited Company (NASDAQ: ICLR) are up 40.33% in the past 12 months.
ICON Public Limited Company (NASDAQ: ICLR) acquired Pra Health Sciences Inc in the month of February. On July 26, Deutsche Bank analyst George Hill raised the price target on ICON Public Limited Company (NASDAQ: ICLR) to $234 from $212 and kept a “Hold” rating on the shares. On July 21, ICON Public Limited Company (NASDAQ: ICLR) posted earnings for the second quarter of 2021. It reported earnings per share of $2.12, beating the estimates by $0.01. Revenue over the period was $871.2 million, beating the forecast by $13.9 million.
Millennium Management holds 3.73 million shares in ICON Public Limited Company (NASDAQ: ICLR), worth $616.34 million, representing 0.37% of their portfolio. The hedge fund has increased its stake in ICON Public Limited Company (NASDAQ: ICLR) by 1,371% in the second quarter of 2021. Hedge fund sentiment increased for ICON Public Limited Company (NASDAQ: ICLR) in the second quarter of 2021. Insider Monkey’s data shows that 39 elite hedge funds held stakes in the company in the second quarter, up from 29 funds a quarter earlier.
4. Alibaba Group Holding Limited (NYSE: BABA)
Englander’s Stake Value: $766,009,000
Percentage of Izzy Englander’s 13F Portfolio: 0.46%
Number of Hedge Fund Holders: 146
Alibaba Group Holding Limited (NYSE: BABA), through its subsidiaries, provides merchants, brands, retailers, and other companies with technical infrastructure and marketing reach to interact with their users and consumers globally. It was incorporated in 1999 and stands fourth on the list of 10 best stocks to buy according to billionaire Izzy Englander. Alibaba Group Holding Limited (NYSE: BABA) currently has a market capitalization of $476.7 billion.
On September 6, KGI Securities initiated coverage of Alibaba Group Holding Limited (NYSE: BABA) with a “Neutral” rating and HK$205 price target.
The hedge fund managed by Izzy Englander owns 3.38 million shares in Alibaba Group Holding Limited (NYSE: BABA), worth over $766 million, representing 0.46% of their portfolio. Millennium Management has decreased its stake in the firm by 17% in the second quarter of 2021. Alibaba Group Holding Limited (NYSE: BABA) saw an increase in hedge fund sentiment recently. The number of long hedge fund positions increased to 146 in the second quarter of 2021, compared to 135 positions in the previous quarter.
Tweedy, Browne Company LLC, in its second-quarter 2021investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA). Here is what the fund said:
“A position that we established around year-end, and have added to across three of our Funds during the quarter, is Alibaba, the Chinese internet giant. Our pricing opportunity in these shares is in part related to increased regulatory scrutiny of the internet sector by the Chinese government which we continue to monitor closely…” (Click here to see the full text)
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.
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.”
1. Amazon.com, Inc. (NASDAQ: AMZN)
Englander’s Stake Value: $1,163,679,000
Percentage of Izzy Englander’s 13F Portfolio: 0.71%
Number of Hedge Fund Holders: 271
Amazon.com, Inc. (NASDAQ: AMZN) sells consumer goods and subscriptions online worldwide. It was founded in 1994 and is placed first on the list of 10 best stocks to buy according to billionaire Izzy Englander.
On September 9, Amazon.com, Inc. (NASDAQ: AMZN) announced its first-ever Amazon-built television sets, with two product lines aimed at the market it has been nurturing for years with its Fire TV device line. On July 30, JPMorgan analyst Doug Anmuth lowered the price target on Amazon.com, Inc. (NASDAQ: AMZN) to $4,100 from $4,600 and kept an “Overweight” rating on the shares. Anmuth informs investors that Amazon’s second-quarter performance was disappointing, and the third-quarter sales guidance of $112 billion at the high end was below expectations, which were closer to $115 billion.
Millennium Management holds 338,263 shares in Amazon.com, Inc. (NASDAQ: AMZN), worth $1.16 billion, representing 0.71% of their portfolio. Amazon.com, Inc. (NASDAQ: AMZN) saw an increase in hedge fund sentiment recently. The number of hedge fund positions increased to 271 in the second quarter of 2021 compared to 243 positions in the previous quarter.
L1 Capital, in its second-quarter 2021 investor letter, mentioned Amazon.com, Inc. (NASDAQ: AMZN). Here is what the fund said:
“Amazon flipped from being the largest detractor from portfolio performance in the March 2021 quarter, to one of the leading contributors in the June 2021 quarter. We took advantage of negative near-term sentiment in the March 2021 quarter to add to our Amazon investment. We continue to view Amazon as one of the best positioned businesses globally, with its share price still not reflecting fair value.”
You can also take a peek at 10 Best Stocks to Buy According to Billionaire Daniel Sundheim and Best Stocks to Buy According to Billionaire Barry Rosenstein’s Jana Partners
