In this article, we will take a look at the Top 5 Stock Picks of Billionaire Izzy Englander’s Latest Portfolio. For more stocks, head on to Billionaire Izzy Englander’s Latest Portfolio: Top 10 Stock Picks.
05. Humana Inc. (NYSE:HUM)
Millennium Management’s Stake Value: $335.011 million
Millennium Management’s 13F Portfolio: 0.2%
Number of Hedge Fund Holders as of Q2 2022: 69
Hedge funds tracked by Insider Monkey showed an increasing interest in Humana Inc. (NYSE:HUM) in the past five quarters as the number of hedge funds holding HUM shares had increased every quarter. Millennium Management also upped its stake in HUM by 74% during Q2 holding 0.716 million shares valuing 335.o11 million.
Humana Inc. (NYSE:HUM) has been a significant value producer driven by secular growth patterns and strong operational performance over the past ten years.
04. Apple Inc. (NASDAQ:AAPL)
Millennium Management’s Stake Value: $ 364.843 million
Millennium Management’s 13F Portfolio: 0.22%
Number of Hedge Fund Holders as of Q2 2022: 128
During the second quarter of 2022, Apple Inc. (NASDAQ:AAPL) had EPS valued at $1.2, beating estimates by $0.04, and brought in revenue valued at $82.96 billion, missing estimates by $9.43 million. The company has a gross profit margin of 43.31% and has lost 9.39% year to date. Millennium Management’s stake in Apple Inc. (NASDAQ:AAPL) almost remained the same during Q2, with the fund holding 2.7 million shares, worth roughly $364.843 million.
In its Q2 2022 investor letter, Wedgewood Partners mentioned Apple Inc. (NASDAQ:AAPL) and explained its insights for the company. Here is what the fund said:
“Apple grew revenues +9%, driven by +17% growth in the Services segment. While iPhone revenues grew a modest +5%, it was on an exceptional year ago comparison of +66%. iPhone continues to capture most industry smartphone profits by focusing on high-end price tiers. Apple is taking nearly two-thirds of the revenue share in the premium ($400 and above) smartphone segment. Further, most of the growth was driven by expansion in the “ultra-premium” price tier of $1000 or more per unit.[1] As we have highlighted in the past, Apple’s relentless focus on the development and integration between hardware (especially integrated circuits) and software continues to add significant value for customers of its products and services. We expect this favorable competitive dynamic to continue for the foreseeable future.
03. Oracle Corporation (NASDAQ:ORCL)
Millennium Management’s Stake Value: $ 365.201 million
Millennium Management’s 13F Portfolio: 0.22%
Number of Hedge Fund Holders as of Q2 2022: 69
Since Q4 2020, the number of hedge funds tracked by Insider Monkey holding shares of Oracle Corporation (NASDAQ:ORCL) has shown an increase every quarter. Currently, 69 hedge funds hold a stake in ORCL. Following the lead, Millennium Management also has increased its stake in ORCL by 268% holding 5.2 million shares valuing $365 million.
On August 11, Oracle Corporation (NASDAQ:ORCL) was given initial coverage by Guggenheim analyst John DiFucci with a Buy rating and a $107 price target.
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.”
01. Tesla, Inc. (NASDAQ:TSLA)
Millennium Management’s Stake Value: $ 397.087 million
Millennium Management’s 13F Portfolio: 0.24%
Number of Hedge Fund Holders as of Q2 2022: 72
Millennium Management upped its stake in Tesla by 6% during Q2 holding 0.6 million shares worth roughly $397 million.
On August 8, with a Buy recommendation on the stock, Canaccord analyst George Gianarikas increased his price target for Tesla, Inc. (NASDAQ:TSLA) from $815 to $881. The analyst claimed that although macroeconomic variables and recent price rises can undoubtedly have an impact on order rates, he believes Tesla’s EV momentum and competitive lead from manufacturing to materials sourcing to autonomy are secured for some time. Tesla, he claimed, is still the industry leader in sustainability, even with its expanded solar and energy storage product lines.
You can also take a peek at 8 Restaurant Stocks to Avoid as Americans Begin to Cut Spending and Jim Cramer Recommends These 10 Stocks For Recession.
