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 | |
|---|---|---|---|---|---|---|
76
PUT
Netflix
NFLX
$331B
| $391M | 0.16% |
4,169,900
-3,489,100
| -46% | -$376M |
|
77
TSMC
TSM
$2.17T
| $389M | 0.16% |
1,280,169
+586,548
| +85% | +$172M |
|
78
CALL
State Street
STT
$51.4B
| $389M | 0.16% |
3,013,400
+2,975,400
| +7,830% | +$356M |
|
79
Intercontinental Exchange
ICE
$90.5B
| $388M | 0.16% |
2,393,506
+843,168
| +54% | +$132M |
|
80
PUT
JPMorgan Chase
JPM
$935B
| $378M | 0.16% |
1,173,900
+87,900
| +8% | +$27.2M |
|
81
Packaging Corp of America
PKG
$22.5B
| $376M | 0.16% |
1,824,807
+308,245
| +20% | +$62.7M |
|
82
Kenvue
KVUE
$36.6B
| $376M | 0.16% |
21,800,563
+16,780,998
| +334% | +$274M |
|
83
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $374M | 0.16% |
3,895,000
+241,500
| +7% | +$22.9M |
|
84
Linde
LIN
$225B
| $373M | 0.16% |
874,784
+301,522
| +53% | +$129M |
|
85
Invesco QQQ Trust
QQQ
$486B
| $367M | 0.15% |
596,910
+234,653
| +65% | +$144M |
|
86
Invesco
IVZ
$14.1B
| $365M | 0.15% |
13,882,786
+1,014,863
| +8% | +$24.8M |
|
|
SCHW
87
Charles Schwab
SCHW
$194B
| $362M | 0.15% |
3,625,894
-679,554
| -16% | -$64.5M |
|
88
Eli Lilly
LLY
$1.12T
| $360M | 0.15% |
334,858
+34,601
| +12% | +$33.1M |
|
|
89
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $358M | 0.15% |
525,300
+381,900
| +266% | +$258M |
|
|
SNDK
90
Sandisk
SNDK
$234B
| $356M | 0.15% |
1,499,139
+357,902
| +31% | +$71.7M |
|
91
PUT
Salesforce
CRM
$171B
| $355M | 0.15% |
1,341,100
-180,800
| -12% | -$44.9M |
|
92
DTE Energy
DTE
$28.1B
| $352M | 0.15% |
2,729,226
+1,895,631
| +227% | +$257M |
|
|
EXAS
93
DELISTED
Exact Sciences
EXAS
| $350M | 0.15% |
3,441,516
+1,224,082
| +55% | +$98.3M |
|
94
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $349M | 0.15% |
968,800
+130,300
| +16% | +$45.7M |
|
95
United Rentals
URI
$68.4B
| $343M | 0.14% |
423,510
+334,925
| +378% | +$291M |
|
96
Boeing
BA
$169B
| $339M | 0.14% |
1,561,459
-316,053
| -17% | -$65M |
|
97
PUT
Qualcomm
QCOM
$169B
| $338M | 0.14% |
1,975,100
+496,000
| +34% | +$85M |
|
|
98
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $336M | 0.14% |
933,000
+254,300
| +37% | +$89.2M |
|
99
Cheniere Energy
LNG
$57.3B
| $330M | 0.14% |
1,695,774
+233,726
| +16% | +$49.1M |
|
100
PUT
Visa
V
$693B
| $329M | 0.14% |
938,800
+69,700
| +8% | +$23.7M |
|
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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.