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 | |
|---|---|---|---|---|---|---|
1351
Rambus
RMBS
$9.68B
| $24.1M | 0.01% |
262,578
+65,346
| +33% | +$6.43M |
|
|
ECHO
1352
CALL
EchoStar
ECHO
$25.1B
| $24.1M | 0.01% |
221,900
+69,700
| +46% | +$5.68M |
|
1353
PUT
Steris
STE
$23.3B
| $24.1M | 0.01% |
95,000
+59,800
| +170% | +$15M |
|
1354
CALL
Valero Energy
VLO
$99B
| $24.1M | 0.01% |
147,800
-227,000
| -61% | -$38.5M |
|
1355
PUT
US Bancorp
USB
$97.1B
| $24.1M | 0.01% |
450,800
-135,700
| -23% | -$6.67M |
|
1356
Cytek Biosciences
CTKB
$590M
| $24M | 0.01% |
4,752,447
+1,334,065
| +39% | +$6.19M |
|
1357
CALL
Constellation Brands
STZ
$23B
| $24M | 0.01% |
173,900
+61,800
| +55% | +$8.48M |
|
1358
Phibro Animal Health
PAHC
$1.44B
| $24M | 0.01% |
641,313
+626,492
| +4,227% | +$25.4M |
|
1359
CALL
Coherent
COHR
$55.2B
| $24M | 0.01% |
129,800
+76,700
| +144% | +$11.5M |
|
1360
Liberty Global Class A
LBTYA
$3.65B
| $23.9M | 0.01% |
2,149,639
+1,190,464
| +124% | +$13.2M |
|
1361
Construction Partners
ROAD
$6.12B
| $23.9M | 0.01% |
220,312
+208,193
| +1,718% | +$23.4M |
|
1362
Hudbay
HBM
$13.6B
| $23.9M | 0.01% |
1,203,806
-3,971
| -0.3% | -$67.2K |
|
|
LMRI
1363
Lumexa Imaging Holdings
LMRI
$1.15B
| $23.9M | 0.01% |
+1,290,664
| New | +$23.3M |
|
1364
Crown Castle
CCI
$32.2B
| $23.8M | 0.01% |
268,361
-488,367
| -65% | -$44.9M |
|
|
APLS
1365
DELISTED
Apellis Pharmaceuticals
APLS
| $23.8M | 0.01% |
946,459
-397,267
| -30% | -$9.32M |
|
1366
CALL
Etsy
ETSY
$7.82B
| $23.8M | 0.01% |
428,800
+243,900
| +132% | +$14.9M |
|
1367
Sibanye-Stillwater
SBSW
$8.78B
| $23.7M | 0.01% |
1,665,426
+199,616
| +14% | +$2.42M |
|
1368
Rayonier
RYN
$6.3B
| $23.7M | 0.01% |
1,096,152
+145,747
| +15% | +$3.3M |
|
1369
Reynolds Consumer Products
REYN
$5.17B
| $23.7M | 0.01% |
1,034,668
+359,846
| +53% | +$8.68M |
|
1370
CALL
Capital One
COF
$133B
| $23.7M | 0.01% |
97,800
-37,800
| -28% | -$8.41M |
|
1371
Oshkosh
OSK
$9.58B
| $23.5M | 0.01% |
187,418
+36,594
| +24% | +$4.71M |
|
1372
Aptiv
APTV
$9.64B
| $23.5M | 0.01% |
309,329
-571,453
| -65% | -$45.9M |
|
1373
Adtran
ADTN
$644M
| $23.4M | 0.01% |
2,694,800
+2,122,844
| +371% | +$18.4M |
|
1374
Certara
CERT
$1.25B
| $23.4M | 0.01% |
2,653,047
-262,625
| -9% | -$2.71M |
|
1375
Marathon Petroleum
MPC
$101B
| $23.3M | 0.01% |
143,356
-1,339,626
| -90% | -$250M |
|
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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.