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 |
iShares Core S&P 500 ETF
IVV
|
+$4.75B |
| 2 |
Walmart Inc
WMT
|
+$3.98B |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.42B |
| 4 |
Broadcom
AVGO
|
+$943M |
| 5 |
iShares Bitcoin Trust
IBIT
|
+$785M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$572M |
| 2 |
NVIDIA
NVDA
|
+$566M |
| 3 |
Apple
AAPL
|
+$554M |
| 4 |
AbbVie
ABBV
|
+$455M |
| 5 |
Bank of America
BAC
|
+$411M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 51.24% |
| 2 | Technology | 9.52% |
| 3 | Healthcare | 7.46% |
| 4 | Financials | 6.74% |
| 5 | Industrials | 6.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3026
SES AI
SES
$194M
| $4.53M | ﹤0.01% |
2,516,589
-1,909,695
| -43% | -$4.28M |
|
3027
Valmont Industries
VMI
$9.19B
| $4.53M | ﹤0.01% |
11,258
-11,178
| -50% | -$4.55M |
|
3028
Frequency Electronics
FEIM
$662M
| $4.53M | ﹤0.01% |
84,062
-52,914
| -39% | -$1.95M |
|
3029
Royalty Pharma
RPRX
$27.1B
| $4.51M | ﹤0.01% |
116,839
-2,118,294
| -95% | -$80.8M |
|
3030
Arrow Electronics
ARW
$10.4B
| $4.5M | ﹤0.01% |
40,870
-137,585
| -77% | -$15.6M |
|
3031
PUT
Yum! Brands
YUM
$42B
| $4.49M | ﹤0.01% |
29,700
+11,500
| +63% | +$1.7M |
|
|
LPCVU
3032
Launchpad Cadenza Acquisition Corp I Unit
LPCVU
| $4.49M | ﹤0.01% |
+450,000
| New | +$4.5M |
|
|
ADACU
3033
American Drive Acquisition Co Units
ADACU
| $4.49M | ﹤0.01% |
+450,000
| New | +$4.49M |
|
3034
CALL
Bitdeer Technologies
BTDR
$2.8B
| $4.48M | ﹤0.01% |
400,000
-400,000
| -50% | -$6.44M |
|
|
3035
PUT
Bitdeer Technologies
BTDR
$2.8B
| $4.48M | ﹤0.01% |
400,000
-600,000
| -60% | -$9.67M |
|
3036
Keros Therapeutics
KROS
$219M
| $4.48M | ﹤0.01% |
220,209
+166,863
| +313% | +$2.93M |
|
3037
Thryv Holdings
THRY
$84.4M
| $4.48M | ﹤0.01% |
740,909
+707,250
| +2,101% | +$5.6M |
|
3038
PUT
McCormick & Company Non-Voting
MKC
$14.9B
| $4.48M | ﹤0.01% |
65,800
+61,400
| +1,395% | +$4.08M |
|
3039
PUT
Norfolk Southern
NSC
$78.3B
| $4.48M | ﹤0.01% |
15,500
-2,400
| -13% | -$694K |
|
3040
CALL
Tencent Music
TME
$14B
| $4.47M | ﹤0.01% |
255,000
| – | – |
|
3041
Kaiser Aluminum
KALU
$2.56B
| $4.46M | ﹤0.01% |
38,869
+17,758
| +84% | +$1.69M |
|
3042
Southside Bancshares
SBSI
$950M
| $4.46M | ﹤0.01% |
146,796
-104,633
| -42% | -$3.07M |
|
3043
PUT
Agnico Eagle Mines
AEM
$104B
| $4.46M | ﹤0.01% |
26,300
+23,100
| +722% | +$3.88M |
|
3044
Materion
MTRN
$4.95B
| $4.45M | ﹤0.01% |
35,814
+24,173
| +208% | +$2.98M |
|
3045
PUT
Mobileye
MBLY
$7.29B
| $4.45M | ﹤0.01% |
425,900
+329,300
| +341% | +$4.11M |
|
3046
GoodRx Holdings
GDRX
$1.2B
| $4.43M | ﹤0.01% |
+1,636,270
| New | +$5.37M |
|
3047
Morgan Stanley Direct Lending Fund
MSDL
$1.28B
| $4.43M | ﹤0.01% |
268,646
-82,825
| -24% | -$1.4M |
|
3048
Sprinklr
CXM
$1.91B
| $4.43M | ﹤0.01% |
568,943
+50,381
| +10% | +$383K |
|
|
XRPN
3049
Armada Acquisition Corp II
XRPN
$333M
| $4.43M | ﹤0.01% |
432,250
+133,746
| +45% | +$1.37M |
|
|
HCMA
3050
HCM III Acquisition Corp
HCMA
| $4.43M | ﹤0.01% |
440,750
+420,750
| +2,104% | +$4.28M |
|
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Israel Englander's Q4 2025 Portfolio in Review
As of Q4 2025, Israel Englander held 6,645 positions worth $238B, up 1.5% from $234B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Israel Englander's Q4 2025 filing shows 668 new, 2,203 increased, 2,701 reduced and 696 closed positions. Its largest new stake was iShares Russell 1000 ETF: 455,129 shares worth $170M. The largest sale was Microsoft, an estimated $572M.
By sector, the portfolio is most concentrated in Miscellaneous at 51% of assets, down from 53% a quarter earlier, followed by Technology and Healthcare.
- Israel Englander's largest Q4 2025 buy was iShares Russell 1000 ETF: 455,129 shares worth $170M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q4 2025, an estimated $4.75B increase.
- Israel Englander's biggest Q4 2025 reduction was Microsoft, cutting an estimated $572M.
- Israel Englander fully exited Mr. Cooper in Q4 2025, selling an estimated $277M.
- Israel Englander's ten largest holdings make up 19% of its $238B portfolio in Q4 2025.
- Israel Englander opened 668 new positions and closed 696 in Q4 2025.
- Israel Englander's portfolio value rose 1.5% quarter-over-quarter to $238B.
Based on Millennium Management's 13F filing for Q4 2025, filed 17 Feb 2026.