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Does Billionaire Israel Englander Know Something Wall Street Missed? He Sells Nvidia Stock and Buys an AI Stock Up 2,260% Since 2022
APPApplovin(APP) The Motley Fool·2024-12-04 09:45

Billionaire Israel Englander is the CEO of Millennium Management, the second-most profitable hedge fund in history in terms of net gains since inception, according to LCH Investment. That makes Englander a good source of inspiration for retail investors, and he made some interesting trades in the third quarter.Englander sold 1.6 million shares of Nvidia (NVDA 1.18%), cutting his position by 13%. Nvidia stock returned 705% over the last two years.Englander bought 213,096 shares of AppLovin (APP 7.62%), uppin ...