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 | |
|---|---|---|---|---|---|---|
101
Dycom Industries
DY
$11.8B
| $329M | 0.14% |
973,180
-351,758
| -27% | -$111M |
|
102
Capital One
COF
$134B
| $328M | 0.14% |
1,355,146
-29,400
| -2% | -$6.54M |
|
103
Chevron
CVX
$403B
| $328M | 0.14% |
2,151,249
+127,678
| +6% | +$19.4M |
|
|
GTLS
104
DELISTED
Chart Industries
GTLS
| $327M | 0.14% |
1,586,588
+772,723
| +95% | +$157M |
|
105
Procter & Gamble
PG
$336B
| $327M | 0.14% |
2,278,388
+500,128
| +28% | +$73.7M |
|
106
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $324M | 0.14% |
7,238,400
-5,837,000
| -45% | -$260M |
|
107
PUT
Johnson & Johnson
JNJ
$651B
| $322M | 0.14% |
1,557,800
+557,200
| +56% | +$110M |
|
108
CALL
Alibaba
BABA
$286B
| $318M | 0.13% |
2,167,400
+1,179,500
| +119% | +$192M |
|
|
109
PUT
Alibaba
BABA
$286B
| $313M | 0.13% |
2,132,400
+457,500
| +27% | +$74.5M |
|
110
Micron Technology
MU
$1.09T
| $312M | 0.13% |
1,093,398
+289,292
| +36% | +$66.4M |
|
111
International Flavors & Fragrances
IFF
$21.5B
| $297M | 0.12% |
4,404,578
+4,223,505
| +2,332% | +$273M |
|
112
Regeneron Pharmaceuticals
REGN
$85.9B
| $293M | 0.12% |
379,768
+178,688
| +89% | +$121M |
|
113
TPG
TPG
$8.74B
| $293M | 0.12% |
4,584,733
+1,837,799
| +67% | +$108M |
|
114
Ball Corp
BALL
$16.8B
| $292M | 0.12% |
5,516,445
+4,578,020
| +488% | +$225M |
|
115
Ross Stores
ROST
$76.7B
| $291M | 0.12% |
1,614,858
-235,198
| -13% | -$39.2M |
|
116
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $290M | 0.12% |
7,586,200
+801,200
| +12% | +$31.8M |
|
117
Netflix
NFLX
$331B
| $287M | 0.12% |
3,056,387
+1,370,767
| +81% | +$148M |
|
118
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $286M | 0.12% |
5,230,700
-6,183,800
| -54% | -$336M |
|
119
StepStone Group
STEP
$4.11B
| $286M | 0.12% |
4,456,150
+561,176
| +14% | +$35.5M |
|
120
Medtronic
MDT
$119B
| $286M | 0.12% |
2,975,488
-1,832,580
| -38% | -$178M |
|
121
Wells Fargo
WFC
$254B
| $285M | 0.12% |
3,052,580
+1,374,455
| +82% | +$119M |
|
|
FYBR
122
DELISTED
Frontier Communications
FYBR
| $284M | 0.12% |
7,455,387
+2,427,135
| +48% | +$91.7M |
|
123
MSCI
MSCI
$41B
| $279M | 0.12% |
485,967
+151,999
| +46% | +$85.3M |
|
|
124
PUT
Bank of America
BAC
$431B
| $278M | 0.12% |
5,052,700
-716,100
| -12% | -$37.9M |
|
125
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $275M | 0.12% |
2,500,000
+1,233,300
| +97% | +$137M |
|
Similar funds
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.