Billionaire Izzy Englander’s 5 Favorite Stocks Heading Into 2021

Below are the billionaire Izzy Englander’s 5 favorite stocks heading into 2021. For a comprehensive list please see Billionaire Izzy Englander’s 10 Favorite Stocks Heading Into 2021.

5. SPDR S&P 500 Trust ETF (NYSEARCA: SPY)

The billionaire Izzy Englander looks bullish about the US stock market fundamentals. The hedge fund increased its position by 107% in the SPDR S&P 500 Trust ETF (NYSEARCA: SPY). It now accounts for 0.34% of the overall portfolio, up from 0.17% in the previous quarter. This position has to be part of a pairs trade or a cash alternative. No hedge fund investor would like to pay a hedge fund huge fees so that they buy a low cost index fund with their capital.

The price of SPDR S&P 500 Trust ETF grew 15% in the last twelve months. SPDR ETFs seek to track the performance of the S&P 500 Index. In addition to price gains, investors like to invest in the SPDR S&P 500 Trust ETF in order to generate a steady stream of income. SPDR S&P 500 Trust ETF offers a dividend yield of 1.56%.