5 Favorite Stocks of Billionaire Izzy Englander

3. NVIDIA Corporation (NASDAQ:NVDA)

Millennium Management’s Stake Value: $1,145,944,000

Percentage of Millennium Management’s 13F Portfolio: 0.58%

Number of Hedge Fund Holders: 110

NVIDIA Corporation (NASDAQ:NVDA) is a California-based multinational technology company that operates in the computer software and hardware, cloud computing, semiconductors, and artificial intelligence sectors. Izzy Englander’s hedge fund owns 3.8 million shares of NVIDIA Corporation (NASDAQ:NVDA) as of Q4 2021, worth $1.14 billion, representing 0.58% of the total 13F holdings. Millennium Management increased its NVIDIA Corporation (NASDAQ:NVDA) stake by 259% in the December quarter. 

NVIDIA Corporation (NASDAQ:NVDA)’s fourth quarter financial results were posted on February 16, and the company reported earnings per share of $1.32, beating estimates by $0.10. The $7.64 billion revenue jumped 52.77% year-over-year, outperforming market consensus by $213.41 million. 

On April 13, New Street analyst Pierre Ferragu upgraded NVIDIA Corporation (NASDAQ:NVDA) to Buy from Neutral with a price target of $280, citing an attractive valuation, higher visibility on the “crypto-winter risk”, and the company’s strong datacenter outlook. 

Among the hedge funds tracked by Insider Monkey at the end of Q4 2021, 110 funds were bullish on NVIDIA Corporation (NASDAQ:NVDA), compared to 83 funds in the prior quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital held a prominent position in the company, with more than 3 million shares worth $910.2 million. 

Here is what ClearBridge Investments Global Growth Strategy has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2021 investor letter:

“ClearBridge Investments, an investment management firm, published its “Global Growth Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge Global Growth Strategy outperformed its MSCI ACWI benchmark. The Strategy delivered gains across eight of the nine sectors in which it was invested (out of 11 total), with the information technology (IT) and industrials sectors the primary contributors. The communication services sector was the sole detractor. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022. Bucking the headwinds among our emerging growth names was Nvidia, which saw continued sales momentum from their leadership positions in the key growth areas of graphics processing units for gaming and data centers.”