In this article, we discuss 5 favorite stocks of billionaire Izzy Englander. If you want to see more stock picks of the billionaire, go see 10 Favorite Stocks of Billionaire Izzy Englander.
5. Microsoft Corporation (NASDAQ:MSFT)
Millennium Management’s Stake Value: $871,445,000
Percentage of Millennium Management’s 13F Portfolio: 0.44%
Number of Hedge Fund Holders: 262
Billionaire Izzy Englander, via Millennium Management, owned 2.5 million Microsoft Corporation (NASDAQ:MSFT) shares in the December quarter, worth $871.4 million, representing 0.44% of the hedge fund’s total 13F portfolio. Microsoft Corporation (NASDAQ:MSFT) has featured on Izzy Englander’s portfolio since Q4 2010, and the billionaire elevated his stake by 45% in the fourth quarter of 2021.
Microsoft Corporation (NASDAQ:MSFT)’s impending $69 billion acquisition of Activision Blizzard, Inc. (NASDAQ:ATVI) was contested on April 14 by SOC Investment Group, a minority stakeholder of Activision. SOC Group believes that Microsoft Corporation (NASDAQ:MSFT) is not fairly valuing the company, and instead of a merger, a replacement of Activision’s board would be a better option for the company. The acquisition will be contested formally at the stockholder meeting on April 28.
On April 12, Morgan Stanley analyst Keith Weiss maintained an Overweight recommendation on Microsoft Corporation (NASDAQ:MSFT) and a $372 price target on the shares. The company is focused on “strong positioning across key growth and defensible spending categories”, which the analyst believes should help negate the effects of a volatile macro backdrop.
Ken Fisher’s Fisher Asset Management is the largest shareholder of Microsoft Corporation (NASDAQ:MSFT), with 26.8 million shares worth over $9 billion. Overall, 262 hedge funds were long Microsoft Corporation (NASDAQ:MSFT) in Q4 2021, up from 250 funds in the earlier quarter.
Here is what Baron Opportunity Fund has to say about Microsoft Corporation (NASDAQ:MSFT) in its Q4 2021 investor letter:
“Shares of Microsoft Corporation, a cloud-software leader and provider of software productivity tools and infrastructure, rose during the quarter, following a strong earnings report highlighting solid demand for its broad product stack and continued momentum migrating its business to the cloud. Microsoft’s results continued to be strong across the board, with total revenue growing 20% in constant currency, beating Street estimates by 3%; an acceleration in Commercial Cloud revenue to 34% constant-currency growth; operating margins expanding to just under 45%; earnings growth of 23%; and free cash flow growth of 30%. We believe the company is positioned to deliver 13% to 15% organic growth over the next three years, underpinned by total addressable market expansion and continued market share gains across its disruptive cloud product portfolio.”