Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$751M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$692M |
| 3 |
Palantir
PLTR
|
+$434M |
| 4 |
Union Pacific
UNP
|
+$377M |
| 5 |
AbbVie
ABBV
|
+$367M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.74B |
| 2 |
Meta Platforms (Facebook)
META
|
+$602M |
| 3 |
Bank of America
BAC
|
+$600M |
| 4 |
Wells Fargo
WFC
|
+$568M |
| 5 |
Broadcom
AVGO
|
+$538M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 52.35% |
| 2 | Technology | 8.73% |
| 3 | Financials | 7.42% |
| 4 | Healthcare | 6.65% |
| 5 | Industrials | 6.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PVLA
2526
Palvella Therapeutics
PVLA
$2.17B
| $7.1M | ﹤0.01% |
314,989
+45,152
| +17% | +$1.06M |
|
2527
PUT
AeroVironment
AVAV
$7.74B
| $7.1M | ﹤0.01% |
24,900
-11,300
| -31% | -$1.91M |
|
2528
Evolent Health
EVH
$519M
| $7.09M | ﹤0.01% |
629,831
-840,369
| -57% | -$7.72M |
|
2529
CALL
Carrier Global
CARR
$48.5B
| $7.08M | ﹤0.01% |
96,800
+62,400
| +181% | +$4.23M |
|
2530
CALL
Futu Holdings
FUTU
$17.5B
| $7.08M | ﹤0.01% |
57,300
-3,200
| -5% | -$327K |
|
|
OSG
2531
Octave Specialty Group
OSG
$203M
| $7.07M | ﹤0.01% |
996,041
+487,355
| +96% | +$3.63M |
|
2532
CALL
Charles River Laboratories
CRL
$14.2B
| $7.06M | ﹤0.01% |
+46,500
| New | +$6.2M |
|
2533
PUT
Dow Inc
DOW
$21.9B
| $7.05M | ﹤0.01% |
266,100
-79,400
| -23% | -$2.31M |
|
2534
PUT
Johnson Controls International
JCI
$86.1B
| $7.04M | ﹤0.01% |
66,700
-199,800
| -75% | -$18.4M |
|
|
NPACU
2535
New Providence Acquisition Corp III Units
NPACU
$285M
| $7.04M | ﹤0.01% |
+673,497
| New | +$6.9M |
|
2536
AB InBev
BUD
$156B
| $7.02M | ﹤0.01% |
102,179
-840,763
| -89% | -$56.5M |
|
2537
PUT
Abercrombie & Fitch
ANF
$6.48B
| $6.99M | ﹤0.01% |
84,400
+41,300
| +96% | +$3.13M |
|
2538
CALL
NRG Energy
NRG
$24.1B
| $6.99M | ﹤0.01% |
43,500
-9,600
| -18% | -$1.27M |
|
2539
CALL
Glaukos
GKOS
$10.7B
| $6.97M | ﹤0.01% |
67,500
-13,500
| -17% | -$1.27M |
|
2540
Cogent Biosciences
COGT
$6.44B
| $6.96M | ﹤0.01% |
969,973
+455,475
| +89% | +$2.53M |
|
2541
CALL
NextNav
NN
$2.65B
| $6.96M | ﹤0.01% |
458,000
+50,000
| +12% | +$641K |
|
2542
Northern Oil and Gas
NOG
$2.78B
| $6.94M | ﹤0.01% |
244,839
+52,770
| +27% | +$1.42M |
|
|
BACCU
2543
Blue Acquisition Corp Unit
BACCU
| $6.93M | ﹤0.01% |
+690,000
| New | +$6.94M |
|
2544
Phillips Edison & Co
PECO
$5.05B
| $6.93M | ﹤0.01% |
197,688
-657,450
| -77% | -$23.3M |
|
2545
Manitowoc
MTW
$686M
| $6.92M | ﹤0.01% |
575,885
+414,968
| +258% | +$4.07M |
|
2546
PUT
Suncor Energy
SU
$77.7B
| $6.92M | ﹤0.01% |
157,600
+82,100
| +109% | +$2.97M |
|
2547
Trinity Capital Inc
TRIN
$1.77B
| $6.92M | ﹤0.01% |
491,727
+127,450
| +35% | +$1.84M |
|
2548
CALL
Marriott International
MAR
$92.3B
| $6.91M | ﹤0.01% |
25,300
+300
| +1% | +$75.2K |
|
2549
CALL
Wayfair
W
$14.4B
| $6.9M | ﹤0.01% |
134,900
+1,900
| +1% | +$70.9K |
|
|
BCAX
2550
Bicara Therapeutics
BCAX
$1.64B
| $6.88M | ﹤0.01% |
741,019
+715,371
| +2,789% | +$8.53M |
|
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Israel Englander's Q2 2025 Portfolio in Review
As of Q2 2025, Israel Englander held 6,516 positions worth $207B, up 10% from $188B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Israel Englander's Q2 2025 filing shows 738 new, 2,295 increased, 2,418 reduced and 712 closed positions. Its largest new stake was Bank of America Series L: 164,000 shares worth $197K. The largest sale was iShares Core S&P 500 ETF, an estimated $1.74B.
By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 52% a quarter earlier, followed by Technology and Financials.
- Israel Englander's largest Q2 2025 buy was Bank of America Series L: 164,000 shares worth $197K.
- Israel Englander added most to Applovin in Q2 2025, an estimated $751M increase.
- Israel Englander's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.74B.
- Israel Englander fully exited Discover Financial Services in Q2 2025, selling an estimated $282M.
- Israel Englander's ten largest holdings make up 16% of its $207B portfolio in Q2 2025.
- Israel Englander opened 738 new positions and closed 712 in Q2 2025.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $207B.
Based on Millennium Management's 13F filing for Q2 2025, filed 14 Aug 2025.