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 | |
|---|---|---|---|---|---|---|
76
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $347M | 0.17% |
1,820,800
-26,700
| -1% | -$4.71M |
|
77
PUT
Adobe
ADBE
$109B
| $345M | 0.17% |
774,800
+92,700
| +14% | +$45.9M |
|
78
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $341M | 0.17% |
4,515,600
-1,862,500
| -29% | -$148M |
|
79
NiSource
NI
$19.5B
| $340M | 0.17% |
9,244,744
+6,001,486
| +185% | +$215M |
|
80
Shell
SHEL
$257B
| $337M | 0.16% |
5,385,953
+444,228
| +9% | +$29.1M |
|
81
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $329M | 0.16% |
4,179,100
-677,400
| -14% | -$53.8M |
|
82
BP
BP
$115B
| $321M | 0.16% |
10,870,518
+7,801,514
| +254% | +$234M |
|
|
HES
83
DELISTED
Hess
HES
| $321M | 0.16% |
2,411,086
-1,648,629
| -41% | -$230M |
|
84
Boeing
BA
$169B
| $316M | 0.15% |
1,786,686
+1,092,662
| +157% | +$171M |
|
85
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $314M | 0.15% |
7,496,800
-7,050,700
| -48% | -$312M |
|
86
iShares Russell 2000 ETF
IWM
$81.9B
| $312M | 0.15% |
1,411,328
+702,541
| +99% | +$160M |
|
87
Walt Disney
DIS
$186B
| $312M | 0.15% |
2,798,023
+1,277,394
| +84% | +$134M |
|
88
S&P Global
SPGI
$127B
| $311M | 0.15% |
624,123
+302,810
| +94% | +$154M |
|
89
Berkshire Hathaway Class B
BRK.B
$1.06T
| $310M | 0.15% |
683,827
+263,482
| +63% | +$122M |
|
|
JHG
90
DELISTED
Janus Henderson
JHG
| $308M | 0.15% |
7,247,633
+1,399,781
| +24% | +$59.3M |
|
91
FedEx
FDX
$76.9B
| $305M | 0.15% |
1,084,280
+957,570
| +756% | +$267M |
|
92
PUT
General Motors
GM
$77.2B
| $305M | 0.15% |
5,721,600
-334,600
| -6% | -$17.5M |
|
93
CALL
Wells Fargo
WFC
$254B
| $304M | 0.15% |
4,329,100
+1,383,700
| +47% | +$94.5M |
|
|
94
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $300M | 0.15% |
512,410
-5,054,196
| -91% | -$2.98B |
|
95
Trade Desk
TTD
$6.19B
| $298M | 0.15% |
2,538,113
-33,737
| -1% | -$4.17M |
|
96
Mastercard
MA
$509B
| $297M | 0.15% |
564,682
+102,866
| +22% | +$53.3M |
|
97
PUT
Marvell Technology
MRVL
$213B
| $296M | 0.14% |
2,678,500
-281,000
| -9% | -$26.1M |
|
98
Intuitive Surgical
ISRG
$134B
| $295M | 0.14% |
565,095
+364,602
| +182% | +$190M |
|
99
Entergy
ETR
$48.8B
| $294M | 0.14% |
3,876,985
+2,526,075
| +187% | +$182M |
|
100
CALL
Alibaba
BABA
$286B
| $294M | 0.14% |
3,461,000
-1,283,200
| -27% | -$121M |
|
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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.