5 Top Stock Picks of Israel Englander

In this article, we discuss the 5 top stock picks of Israel Englander. If you want to read our detailed analysis of these stocks, go directly to the 10 Top Stock Picks of Israel Englander. 

5. Meta Platforms, Inc. (NASDAQ:META) 

Number of Hedge Fund Holders: 225    

Meta Platforms, Inc. (NASDAQ:META) is a tech firm that owns and runs social media platforms.  Latest 13F filings show that Millennium Management owned 2.3 million shares of Meta Platforms, Inc. (NASDAQ:META) at the end of September 2023 worth $702 million, representing 0.35% of the portfolio of the fund. 

On November 7, Meta Platforms, Inc. (NASDAQ:META) announced that it had over 1 million active subscriptions to the Instagram creators tool. The social media giant had only launched the new service last year. 

At the end of the second quarter of 2023, 225 hedge funds in the database of Insider Monkey held stakes worth $30 billion in Meta Platforms, Inc. (NASDAQ:META), compared to 220 in the preceding quarter worth $25 billion. 

In its Q3 2023 investor letter, Weitz Investment Management, an asset management firm, highlighted a few stocks and Meta Platforms, Inc. (NASDAQ:META) was one of them. Here is what the fund said:

“As for other quarterly contributors, Alphabet, Inc., (GOOG) and Meta Platforms, Inc. (NASDAQ:META) added to their exceptional year-to-date returns. Meta Platforms and Alphabet were the true year-to-date standouts. After steep declines in 2022, both stocks rebounded sharply due to a combination of solid fundamentals, disciplined operational execution, and improved sentiment. Despite outsized gains and attention, we think both Alphabet and Meta remain undervalued.”