Billionaire Izzy Englander’s Latest Portfolio: Top 5 Stock Picks

02. NXP Semiconductors N.V. (NASDAQ:NXPI)

Millennium Management’s Stake Value: $368.351 million

Millennium Management’s 13F Portfolio: 0.22%

Number of Hedge Fund Holders as of Q2 2022: 55

After a drop in the number of hedge funds holding NXP Semiconductors N.V. (NASDAQ:NXPI) shares, latest data has shown a slight upward movement, with the number of hedge funds increasing to 55 in Q2 as compared to 44 in Q1. Millennium Management has also increased its share of NXPI by 432%, holding 2.5 million shares worth roughly $368 million.

In its Q2 2022 investor letter, ClearBridge Large Cap Growth ESG Strategy mentioned NXP Semiconductors N.V. (NASDAQ:NXPI) and explained its insights for the company. Here is what the Fund said:

“Within information technology (IT), where we maintain an underweight compared to the benchmark, we took profits in NXP Semiconductors (NASDAQ:NXPI), a part of the pro-cyclical reflation basket built up in 2020. Despite strong current fundamentals, there is an ongoing risk of major supply increases in the semiconductor industry as capacity announcements are near records.”