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 | |
|---|---|---|---|---|---|---|
26
Boston Scientific
BSX
$73B
| $1.03B | 0.43% |
11,264,790
+2,739,969
| +32% | +$269M |
|
27
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $965M | 0.41% |
17,637,200
-10,138,900
| -37% | -$551M |
|
28
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $940M | 0.4% |
11,660,000
-6,924,400
| -37% | -$558M |
|
|
CYBR
29
DELISTED
CyberArk
CYBR
| $913M | 0.38% |
2,047,671
+1,062,969
| +108% | +$512M |
|
30
CALL
Meta Platforms (Facebook)
META
$1.4T
| $902M | 0.38% |
1,365,900
+53,900
| +4% | +$36M |
|
31
PUT
Advanced Micro Devices
AMD
$773B
| $901M | 0.38% |
4,207,700
-766,600
| -15% | -$172M |
|
32
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $861M | 0.36% |
2,743,100
+525,800
| +24% | +$151M |
|
|
EA
33
DELISTED
Electronic Arts
EA
| $857M | 0.36% |
4,195,119
+3,352,049
| +398% | +$677M |
|
34
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $848M | 0.36% |
18,975,300
-4,124,100
| -18% | -$184M |
|
35
Intuitive Surgical
ISRG
$134B
| $842M | 0.35% |
1,486,953
+1,225,985
| +470% | +$653M |
|
|
36
Alphabet (Google) Class A
GOOGL
$4.22T
| $840M | 0.35% |
2,684,166
-907,746
| -25% | -$259M |
|
37
Amazon
AMZN
$2.79T
| $839M | 0.35% |
3,634,426
-113,702
| -3% | -$26M |
|
38
Freeport-McMoran
FCX
$110B
| $809M | 0.34% |
15,937,003
+3,563,071
| +29% | +$154M |
|
|
39
Alphabet (Google) Class C
GOOG
$4.18T
| $786M | 0.33% |
2,503,303
-864,971
| -26% | -$248M |
|
|
40
CALL
Microsoft
MSFT
$3.59T
| $759M | 0.32% |
1,569,100
-1,311,500
| -46% | -$657M |
|
41
Warner Bros
WBD
$71.6B
| $738M | 0.31% |
25,610,999
+20,675,274
| +419% | +$483M |
|
|
42
CALL
Amazon
AMZN
$2.79T
| $734M | 0.31% |
3,181,100
-988,300
| -24% | -$226M |
|
|
43
Meta Platforms (Facebook)
META
$1.4T
| $732M | 0.31% |
1,109,432
-271,943
| -20% | -$182M |
|
44
Merck
MRK
$376B
| $716M | 0.3% |
6,800,351
+6,036,983
| +791% | +$567M |
|
45
CALL
Tesla
TSLA
$1.43T
| $714M | 0.3% |
1,586,900
-913,700
| -37% | -$405M |
|
46
nVent Electric
NVT
$24.6B
| $625M | 0.26% |
6,133,892
+1,186,991
| +24% | +$123M |
|
|
47
CALL
Broadcom
AVGO
$1.75T
| $604M | 0.25% |
1,745,300
-89,400
| -5% | -$32M |
|
48
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $565M | 0.24% |
1,175,000
-1,130,000
| -49% | -$535M |
|
49
JPMorgan Chase
JPM
$935B
| $564M | 0.24% |
1,750,028
+355,514
| +25% | +$110M |
|
|
ETHA
50
iShares Ethereum Trust ETF
ETHA
$7.26B
| $563M | 0.24% |
25,089,335
-8,835,366
| -26% | -$231M |
|
Similar funds
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.