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 |
Broadcom
AVGO
|
+$1.14B |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$810M |
| 3 |
Meta Platforms (Facebook)
META
|
+$715M |
| 4 |
Amazon
AMZN
|
+$641M |
| 5 |
UnitedHealth
UNH
|
+$498M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.98B |
| 2 |
Spotify
SPOT
|
+$1.17B |
| 3 |
Microsoft
MSFT
|
+$856M |
| 4 |
Apollo Global Management
APO
|
+$726M |
| 5 |
Workday
WDAY
|
+$440M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.85% |
| 2 | Financials | 8.25% |
| 3 | Healthcare | 7.07% |
| 4 | Industrials | 5.92% |
| 5 | Consumer Discretionary | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
651
American Electric Power
AEP
$66.4B
| $61.9M | 0.03% |
671,029
+206,473
| +44% | +$20M |
|
652
PUT
Scotiabank
BNS
$106B
| $61.8M | 0.03% |
801,500
+194,200
| +32% | +$10.5M |
|
653
Royalty Pharma
RPRX
$27.3B
| $61.6M | 0.03% |
2,415,281
-1,926,224
| -44% | -$51.1M |
|
654
Trip.com Group
TCOM
$29B
| $61.6M | 0.03% |
897,160
-1,746,325
| -66% | -$115M |
|
655
Guidewire Software
GWRE
$16B
| $61.6M | 0.03% |
365,191
+36,727
| +11% | +$6.86M |
|
656
Toro Company
TTC
$9.47B
| $61.5M | 0.03% |
767,882
-431,278
| -36% | -$36.2M |
|
657
Vale
VALE
$64B
| $61.5M | 0.03% |
6,930,452
+1,969,746
| +40% | +$20M |
|
658
PUT
McDonald's
MCD
$193B
| $61.4M | 0.03% |
211,900
+28,900
| +16% | +$8.62M |
|
659
PUT
Caterpillar
CAT
$373B
| $61.2M | 0.03% |
168,700
-106,900
| -39% | -$41.5M |
|
660
CALL
Lam Research
LRCX
$388B
| $61.2M | 0.03% |
847,100
+471,100
| +125% | +$35.7M |
|
|
ALTR
661
DELISTED
Altair Engineering Inc
ALTR
| $61.2M | 0.03% |
+560,612
| New | +$57.8M |
|
662
SPDR Gold Trust
GLD
$155B
| $61M | 0.03% |
252,026
+185,717
| +280% | +$45.6M |
|
663
CALL
Yum! Brands
YUM
$42.9B
| $60.9M | 0.03% |
454,300
+2,000
| +0.4% | +$271K |
|
664
PUT
TJX Companies
TJX
$155B
| $60.9M | 0.03% |
503,900
-45,900
| -8% | -$5.48M |
|
665
Deckers Outdoor
DECK
$12.5B
| $60.6M | 0.03% |
298,432
-725,913
| -71% | -$131M |
|
666
Maplebear
CART
$12B
| $60.5M | 0.03% |
1,459,833
-1,037,611
| -42% | -$45M |
|
667
Carrier Global
CARR
$49.4B
| $60.3M | 0.03% |
883,938
-321,346
| -27% | -$24.2M |
|
668
PUT
Wynn Resorts
WYNN
$10.2B
| $60M | 0.03% |
696,900
-8,800
| -1% | -$831K |
|
669
PUT
KLA
KLAC
$237B
| $59.8M | 0.03% |
949,000
-324,000
| -25% | -$21.9M |
|
670
Tanger
SKT
$4.47B
| $59.7M | 0.03% |
1,748,635
+8,590
| +0.5% | +$299K |
|
671
CALL
Ford
F
$55.5B
| $59.6M | 0.03% |
6,023,000
+4,237,300
| +237% | +$45.2M |
|
672
Myriad Genetics
MYGN
$292M
| $59.6M | 0.03% |
4,345,196
-831,315
| -16% | -$15.3M |
|
673
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $59.5M | 0.03% |
1,422,686
+922,686
| +185% | +$40.9M |
|
674
KB Home
KBH
$3.41B
| $59.5M | 0.03% |
905,172
+764,432
| +543% | +$59.5M |
|
675
Cummins
CMI
$78.7B
| $59.2M | 0.03% |
169,780
-128,869
| -43% | -$45.3M |
|
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Israel Englander's Q4 2024 Portfolio in Review
As of Q4 2024, Israel Englander held 6,700 positions worth $205B, down 3% from $211B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Israel Englander withdrew a net $13.8B in Q4 2024, closing 810 positions and reducing 2,557 holdings. Its most notable exit was Southwestern Energy Company, an estimated $340M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 8.6% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Israel Englander opened a new position in NextEra Energy 7.234% Corporate Units worth $5.03M.
- Israel Englander's largest Q4 2024 buy was NextEra Energy 7.234% Corporate Units: 5,500,000 shares worth $5.03M.
- Israel Englander added most to Broadcom in Q4 2024, an estimated $1.14B increase.
- Israel Englander's biggest Q4 2024 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.98B.
- Israel Englander fully exited Southwestern Energy Company in Q4 2024, selling an estimated $340M.
- Israel Englander's ten largest holdings make up 16% of its $205B portfolio in Q4 2024.
- Israel Englander opened 681 new positions and closed 810 in Q4 2024.
- Israel Englander's portfolio value fell 3% quarter-over-quarter to $205B.
Based on Millennium Management's 13F filing for Q4 2024, filed 14 Feb 2025.