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 | |
|---|---|---|---|---|---|---|
401
TransAlta
TAC
$3.86B
| $107M | 0.05% |
8,475,864
-4,639,825
| -35% | -$69.3M |
|
402
PUT
Baidu
BIDU
$31.6B
| $107M | 0.04% |
816,700
+226,700
| +38% | +$28.1M |
|
403
Repligen
RGEN
$10.2B
| $107M | 0.04% |
650,546
-166,510
| -20% | -$26.1M |
|
404
Applied Industrial Technologies
AIT
$12.5B
| $106M | 0.04% |
414,372
-32,967
| -7% | -$8.43M |
|
405
PUT
Scotiabank
BNS
$107B
| $106M | 0.04% |
1,050,000
+298,600
| +40% | +$20.3M |
|
406
PUT
Philip Morris
PM
$293B
| $106M | 0.04% |
660,700
+131,700
| +25% | +$20.4M |
|
407
DexCom
DXCM
$34.8B
| $106M | 0.04% |
1,589,877
-1,841,388
| -54% | -$119M |
|
408
B2Gold
BTG
$7.29B
| $105M | 0.04% |
23,342,850
+16,639,601
| +248% | +$77.6M |
|
|
CIVI
409
DELISTED
Civitas Resources
CIVI
| $105M | 0.04% |
3,872,183
+130,658
| +3% | +$3.78M |
|
410
PUT
Verizon
VZ
$205B
| $105M | 0.04% |
2,567,000
+1,206,000
| +89% | +$48.9M |
|
411
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.86B
| $104M | 0.04% |
825,900
-255,400
| -24% | -$33.1M |
|
412
Spotify
SPOT
$110B
| $104M | 0.04% |
179,031
+17,245
| +11% | +$10.8M |
|
413
CALL
Booking.com
BKNG
$158B
| $103M | 0.04% |
482,500
+155,000
| +47% | +$31.9M |
|
414
PUT
Blue Owl Capital
OWL
$18.2B
| $103M | 0.04% |
6,915,200
+6,138,500
| +790% | +$96M |
|
415
MACOM Technology Solutions
MTSI
$20.4B
| $103M | 0.04% |
602,940
+293,289
| +95% | +$46.6M |
|
416
Agree Realty
ADC
$9.19B
| $103M | 0.04% |
1,433,553
+170,842
| +14% | +$12.5M |
|
417
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.07B
| $103M | 0.04% |
1,591,100
-470,200
| -23% | -$29.5M |
|
418
Royal Bank of Canada
RY
$285B
| $103M | 0.04% |
603,858
+125,292
| +26% | +$19.2M |
|
419
Estee Lauder
EL
$36.9B
| $103M | 0.04% |
982,888
+342,512
| +53% | +$33.2M |
|
420
Mid-America Apartment Communities
MAA
$15.2B
| $103M | 0.04% |
738,065
+715,209
| +3,129% | +$95.3M |
|
421
ExxonMobil
XOM
$679B
| $102M | 0.04% |
845,550
-1,013,385
| -55% | -$118M |
|
422
Church & Dwight Co
CHD
$23.4B
| $101M | 0.04% |
1,210,464
+433,959
| +56% | +$37.1M |
|
423
Domino's
DPZ
$11.3B
| $101M | 0.04% |
242,588
+113,914
| +89% | +$47.5M |
|
|
ABVX
424
Abivax
ABVX
$10B
| $99.9M | 0.04% |
741,060
-358,970
| -33% | -$39.2M |
|
425
CALL
lululemon athletica
LULU
$13.7B
| $99.8M | 0.04% |
480,200
+65,900
| +16% | +$11.9M |
|
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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.