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 | |
|---|---|---|---|---|---|---|
951
Solventum
SOLV
$15.5B
| $39.4M | 0.02% |
497,414
-180,437
| -27% | -$13.8M |
|
|
MZTI
952
The Marzetti Company
MZTI
$3.17B
| $39.4M | 0.02% |
239,550
+119,141
| +99% | +$19.9M |
|
953
CALL
CAVA Group
CAVA
$8.4B
| $39.3M | 0.02% |
670,400
+508,800
| +315% | +$28.4M |
|
954
PUT
TJX Companies
TJX
$155B
| $39.3M | 0.02% |
255,600
+56,500
| +28% | +$8.36M |
|
955
PUT
United Airlines
UAL
$36.9B
| $39.2M | 0.02% |
350,700
+90,000
| +35% | +$9.09M |
|
956
SPX Corp
SPXC
$10.1B
| $39.1M | 0.02% |
195,598
+137,693
| +238% | +$28.1M |
|
957
PBF Energy
PBF
$8.24B
| $39M | 0.02% |
1,438,074
+88,928
| +7% | +$2.85M |
|
958
Louisiana-Pacific
LPX
$5.08B
| $39M | 0.02% |
482,875
+294,447
| +156% | +$24.9M |
|
959
Ocular Therapeutix
OCUL
$2.37B
| $38.9M | 0.02% |
3,207,881
-647,825
| -17% | -$7.87M |
|
960
Barclays
BCS
$90.7B
| $38.9M | 0.02% |
1,528,808
-638,772
| -29% | -$14.2M |
|
961
Copart
CPRT
$30.8B
| $38.9M | 0.02% |
992,567
-302,927
| -23% | -$12.6M |
|
962
PUT
Astera Labs
ALAB
$48.1B
| $38.8M | 0.02% |
233,500
+51,400
| +28% | +$8.6M |
|
963
Pentair
PNR
$10.1B
| $38.8M | 0.02% |
372,986
+365,705
| +5,023% | +$39.1M |
|
964
CF Industries
CF
$19.6B
| $38.8M | 0.02% |
501,713
-727,200
| -59% | -$59.8M |
|
|
MRP
965
Millrose Properties Inc
MRP
$5.07B
| $38.7M | 0.02% |
1,297,275
-317,102
| -20% | -$9.95M |
|
966
CALL
Arm
ARM
$255B
| $38.7M | 0.02% |
353,800
+216,200
| +157% | +$31.4M |
|
967
Valvoline
VVV
$4.26B
| $38.7M | 0.02% |
1,330,629
+431,234
| +48% | +$13.8M |
|
|
P
968
Everpure Inc
P
$33.4B
| $38.7M | 0.02% |
577,005
-155,937
| -21% | -$13M |
|
969
PUT
Freeport-McMoran
FCX
$112B
| $38.6M | 0.02% |
760,700
-1,071,100
| -58% | -$46.4M |
|
970
Regal Rexnord
RRX
$10.8B
| $38.6M | 0.02% |
275,295
+64,398
| +31% | +$9.16M |
|
971
Iris Energy
IREN
$14.2B
| $38.6M | 0.02% |
1,021,721
+165,502
| +19% | +$8.54M |
|
972
Wheaton Precious Metals
WPM
$72.8B
| $38.5M | 0.02% |
327,432
-780,119
| -70% | -$83.5M |
|
973
Invesco S&P 500 Equal Weight ETF
RSP
$100B
| $38.4M | 0.02% |
200,614
+129,553
| +182% | +$24.6M |
|
974
Qualcomm
QCOM
$166B
| $38.4M | 0.02% |
224,662
-529,980
| -70% | -$90.8M |
|
975
CALL
Canadian Natural Resources
CNQ
$104B
| $38.4M | 0.02% |
825,900
+900
| +0.1% | +$29.2K |
|
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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.