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 | |
|---|---|---|---|---|---|---|
51
Bristol-Myers Squibb
BMY
$137B
| $480M | 0.23% |
8,482,363
+3,296,928
| +64% | +$184M |
|
52
Morgan Stanley
MS
$336B
| $464M | 0.23% |
3,687,640
+1,168,600
| +46% | +$144M |
|
53
Cenovus Energy
CVE
$60.7B
| $447M | 0.22% |
29,510,415
+13,499,788
| +84% | +$217M |
|
54
CRH
CRH
$63.2B
| $445M | 0.22% |
4,813,580
+1,442,803
| +43% | +$139M |
|
55
PUT
Citigroup
C
$221B
| $441M | 0.22% |
6,261,900
+2,677,000
| +75% | +$180M |
|
56
PUT
Visa
V
$693B
| $440M | 0.21% |
1,391,500
+283,400
| +26% | +$85.2M |
|
|
SCHW
57
Charles Schwab
SCHW
$194B
| $440M | 0.21% |
5,941,905
+4,291,866
| +260% | +$321M |
|
58
First Horizon
FHN
$11.7B
| $429M | 0.21% |
21,285,306
+10,763,349
| +102% | +$202M |
|
59
PUT
Wells Fargo
WFC
$254B
| $416M | 0.2% |
5,928,400
+901,200
| +18% | +$61.5M |
|
60
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $414M | 0.2% |
4,597,800
-215,900
| -4% | -$20.9M |
|
61
Cardinal Health
CAH
$53.4B
| $402M | 0.2% |
3,396,224
+2,608,333
| +331% | +$305M |
|
62
JPMorgan Chase
JPM
$935B
| $402M | 0.2% |
1,674,983
+1,660,595
| +11,542% | +$387M |
|
63
PUT
Home Depot
HD
$335B
| $400M | 0.2% |
1,029,000
+105,200
| +11% | +$43M |
|
64
PUT
Salesforce
CRM
$171B
| $386M | 0.19% |
1,153,100
-257,100
| -18% | -$82.1M |
|
65
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $385M | 0.19% |
7,973,800
+4,442,300
| +126% | +$215M |
|
66
Centene
CNC
$32.1B
| $371M | 0.18% |
6,128,106
+4,113,280
| +204% | +$257M |
|
67
TSMC
TSM
$2.17T
| $370M | 0.18% |
1,875,340
-99,744
| -5% | -$19.3M |
|
68
PUT
Walt Disney
DIS
$186B
| $369M | 0.18% |
3,314,000
+1,092,600
| +49% | +$115M |
|
69
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $364M | 0.18% |
6,035,700
+1,882,200
| +45% | +$117M |
|
70
Alphabet (Google) Class C
GOOG
$4.18T
| $364M | 0.18% |
1,908,933
-480,183
| -20% | -$84.8M |
|
|
71
PUT
Morgan Stanley
MS
$336B
| $358M | 0.18% |
2,850,900
+473,500
| +20% | +$58.3M |
|
72
Merck
MRK
$376B
| $356M | 0.17% |
3,580,963
+1,783,987
| +99% | +$184M |
|
73
KKR & Co
KKR
$97.4B
| $356M | 0.17% |
2,407,761
+136,641
| +6% | +$20M |
|
74
PUT
Bank of America
BAC
$431B
| $355M | 0.17% |
8,088,200
+3,793,200
| +88% | +$167M |
|
75
Cisco
CSCO
$438B
| $355M | 0.17% |
6,004,353
+4,452,677
| +287% | +$254M |
|
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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.