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 | |
|---|---|---|---|---|---|---|
476
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.3B
| $87.2M | 0.04% |
563,000
-764,300
| -58% | -$114M |
|
477
Nokia
NOK
$55.4B
| $87M | 0.04% |
13,448,179
+9,774,328
| +266% | +$60.6M |
|
478
PUT
HCA Healthcare
HCA
$93.3B
| $87M | 0.04% |
186,300
+125,500
| +206% | +$58.3M |
|
479
Bruker
BRKR
$8.75B
| $86.7M | 0.04% |
1,839,587
+1,269,316
| +223% | +$53.6M |
|
480
Rockwell Automation
ROK
$47.5B
| $86.6M | 0.04% |
222,490
+60,064
| +37% | +$22.6M |
|
|
481
CALL
Bank of America
BAC
$435B
| $85.9M | 0.04% |
1,562,300
-1,478,600
| -49% | -$78.2M |
|
482
GE Vernova
GEV
$250B
| $85.9M | 0.04% |
131,358
-35,611
| -21% | -$21.7M |
|
483
Portland General Electric
POR
$5.83B
| $85.8M | 0.04% |
1,787,901
+402,124
| +29% | +$19M |
|
484
KLA
KLAC
$236B
| $85.8M | 0.04% |
705,810
+113,760
| +19% | +$13.3M |
|
485
Zions Bancorporation
ZION
$9.93B
| $85.6M | 0.04% |
1,462,701
-1,529,542
| -51% | -$83.3M |
|
486
CALL
iShares MSCI Brazil ETF
EWZ
$8.07B
| $85.5M | 0.04% |
2,690,000
+1,718,200
| +177% | +$54.3M |
|
487
Microchip Technology
MCHP
$40B
| $85.3M | 0.04% |
1,338,747
-203,107
| -13% | -$12.5M |
|
|
SEI
488
Solaris Energy Infrastructure
SEI
$3.52B
| $84.8M | 0.04% |
1,845,050
+1,042,902
| +130% | +$50.4M |
|
489
PUT
Analog Devices
ADI
$179B
| $84.7M | 0.04% |
312,300
+188,000
| +151% | +$47.2M |
|
490
CALL
Snowflake
SNOW
$113B
| $84.5M | 0.04% |
385,300
-44,600
| -10% | -$10.9M |
|
491
CALL
Cisco
CSCO
$437B
| $84.5M | 0.04% |
1,096,500
-494,500
| -31% | -$36.7M |
|
492
Teradyne
TER
$56.9B
| $84.4M | 0.04% |
436,007
+40,960
| +10% | +$7.03M |
|
493
CALL
PepsiCo
PEP
$198B
| $84M | 0.04% |
585,100
+213,900
| +58% | +$31.4M |
|
494
Indivior Pharmaceuticals
INDV
$4.26B
| $83.9M | 0.04% |
2,337,685
+27,463
| +1% | +$839K |
|
495
PUT
Bank of Montreal
BMO
$121B
| $83.8M | 0.04% |
470,000
-160,000
| -25% | -$20.3M |
|
496
IBM
IBM
$219B
| $83.6M | 0.04% |
282,310
-190,254
| -40% | -$57M |
|
497
Dell
DELL
$280B
| $83.6M | 0.04% |
663,832
-483,624
| -42% | -$68.1M |
|
498
Fortive
FTV
$18.2B
| $83.6M | 0.04% |
1,513,483
+703,732
| +87% | +$36.5M |
|
499
Blackstone
BX
$108B
| $83.2M | 0.04% |
539,485
+431,983
| +402% | +$65.6M |
|
500
Cardinal Health
CAH
$53.4B
| $83.1M | 0.03% |
404,405
-1,580,019
| -80% | -$297M |
|
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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.