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Tue, December 3, 2024

Billionaire Izzy Englander Loaded Up on This Warren Buffett ETF in Q3. Should You Buy It, Too?


Published on 2024-12-03 13:31:23 - Thomas Matters, WOPRAI
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  • Englander bought around 2.49 million additional shares of the SPDR S&P 500 ETF Trust in Q3. This boosted his hedge fund's position in the ETF by 81%. Perhaps surprisingly, this ETF ranks as Millennium's largest holding.

The article from The Motley Fool discusses billionaire hedge fund manager Izzy Englander's investment in Berkshire Hathaway, a company led by Warren Buffett. Englander, through his firm Millennium Management, significantly increased his stake in Berkshire Hathaway during the third quarter, making it one of his top holdings. The article highlights Englander's strategy of investing in companies with strong fundamentals and long-term growth potential, similar to Buffett's own investment philosophy. It also notes that Berkshire Hathaway's diversified business model, which includes insurance, utilities, and consumer goods, along with its substantial cash reserves, makes it an attractive investment. The piece suggests that Englander's move could be seen as a vote of confidence in Buffett's conglomerate, especially given its historical performance and the potential for future growth.

Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/03/billionaire-izzy-englander-loaded-up-on-this-warre/ ]
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