Billionaire Izzy Englander’s 5 Favorite Stocks Heading Into 2021

2. Microsoft Corporation (NASDAQ:MSFT)

The technology giant Microsoft Corporation (NASDAQ: MSFT) is one of the favorite stocks of billionaire Izzy Englander. The hedge fund has raised its position in MSFT by 100% in the latest quarter to 0.41% of the overall portfolio.

Several hedge funds are bullish on Microsoft Corporation. MSFT was in 234 hedge funds’ portfolios at the end of September, shy slightly from the all-time high of 235. MSFT ranks #2 among the 30 most popular stocks among hedge funds.

RiverPark Advisors also looks bullish over the future performance of the tech giant. Here is what RiverPark Advisors stated about Microsoft in the investor’s letter:

“We believe that cloud-based services can become the company’s largest revenue and earnings producer and expect Microsoft to generate significant and growing free cash flow ($11 billion last quarter, up 19% year-over-year). The company should deliver at least mid-to-high teens EPS growth, with upside from deploying its $134 billion cash balance ($7 billion was returned to shareholders in the quarter through dividends and share buybacks). We trimmed our position on strength, and Microsoft remains a top five position in the Fund.”