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 | Technology | 9.52% |
| 2 | Healthcare | 7.46% |
| 3 | Financials | 6.74% |
| 4 | Industrials | 6.13% |
| 5 | Consumer Discretionary | 4.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Align Technology
ALGN
$11.5B
| $122M | 0.05% |
780,827
+484,733
| +164% | +$69.5M |
|
352
PUT
Lowe's Companies
LOW
$121B
| $121M | 0.05% |
501,500
-82,700
| -14% | -$19.9M |
|
353
CALL
Blackrock
BLK
$179B
| $121M | 0.05% |
112,800
+92,300
| +450% | +$101M |
|
354
Motorola Solutions
MSI
$79.5B
| $121M | 0.05% |
314,667
+136,007
| +76% | +$54.7M |
|
355
PUT
Procter & Gamble
PG
$336B
| $120M | 0.05% |
840,800
+285,600
| +51% | +$42.1M |
|
356
CALL
Boston Scientific
BSX
$73B
| $120M | 0.05% |
1,261,300
+878,300
| +229% | +$86.1M |
|
357
AT&T
T
$173B
| $120M | 0.05% |
4,838,913
-909,499
| -16% | -$23M |
|
358
GE Aerospace
GE
$361B
| $120M | 0.05% |
389,362
+122,123
| +46% | +$36.8M |
|
359
CALL
Linde
LIN
$225B
| $120M | 0.05% |
280,800
+212,100
| +309% | +$90.9M |
|
|
FISV
360
Fiserv Inc
FISV
$28B
| $119M | 0.05% |
1,774,210
+502,960
| +40% | +$42.1M |
|
361
Warner Music
WMG
$14.2B
| $119M | 0.05% |
3,885,483
+701,829
| +22% | +$21.4M |
|
362
Guidewire Software
GWRE
$15.8B
| $119M | 0.05% |
590,988
+178,584
| +43% | +$39.5M |
|
363
Constellium
CSTM
$3.66B
| $118M | 0.05% |
6,269,869
-665,897
| -10% | -$11.1M |
|
364
PUT
KLA
KLAC
$240B
| $117M | 0.05% |
961,000
-5,000
| -0.5% | -$586K |
|
365
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $116M | 0.05% |
748,846
+59,893
| +9% | +$9.22M |
|
|
366
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $116M | 0.05% |
748,100
+308,100
| +70% | +$47.4M |
|
367
CALL
iShares Silver Trust
SLV
$33.8B
| $116M | 0.05% |
1,793,500
+1,088,600
| +154% | +$54.5M |
|
368
CALL
JPMorgan Chase
JPM
$935B
| $115M | 0.05% |
358,200
-97,300
| -21% | -$30.1M |
|
369
lululemon athletica
LULU
$13.7B
| $115M | 0.05% |
555,368
+540,465
| +3,627% | +$97.9M |
|
370
CALL
SPDR Gold Trust
GLD
$154B
| $115M | 0.05% |
291,000
+172,900
| +146% | +$66M |
|
371
PUT
Dollar Tree
DLTR
$25.3B
| $115M | 0.05% |
935,700
-319,900
| -25% | -$34.3M |
|
372
PUT
Applovin
APP
$102B
| $115M | 0.05% |
170,300
-31,000
| -15% | -$19.5M |
|
|
PSKY
373
Paramount Skydance Corp
PSKY
$11.6B
| $115M | 0.05% |
8,556,749
+5,622,175
| +192% | +$87.8M |
|
374
Teck Resources
TECK
$33.9B
| $115M | 0.05% |
2,391,255
-1,086,325
| -31% | -$47.1M |
|
375
CALL
Texas Instruments
TXN
$241B
| $114M | 0.05% |
659,200
+88,000
| +15% | +$15.1M |
|
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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 Technology at 9.5% of assets, up from 9.3% a quarter earlier, followed by Healthcare and Financials.
- 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.