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 |
Applovin
APP
|
+$751M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$692M |
| 3 |
Palantir
PLTR
|
+$434M |
| 4 |
Union Pacific
UNP
|
+$377M |
| 5 |
AbbVie
ABBV
|
+$367M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.74B |
| 2 |
Meta Platforms (Facebook)
META
|
+$602M |
| 3 |
Bank of America
BAC
|
+$600M |
| 4 |
Wells Fargo
WFC
|
+$568M |
| 5 |
Broadcom
AVGO
|
+$538M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.73% |
| 2 | Financials | 7.42% |
| 3 | Healthcare | 6.65% |
| 4 | Industrials | 6.3% |
| 5 | Consumer Discretionary | 5.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
Netflix
NFLX
$331B
| $244M | 0.12% |
1,824,000
-614,000
| -25% | -$69.4M |
|
127
StepStone Group
STEP
$4.11B
| $244M | 0.12% |
4,397,926
+1,435,100
| +48% | +$76.8M |
|
128
TSMC
TSM
$2.17T
| $242M | 0.12% |
1,067,106
+256,956
| +32% | +$47.6M |
|
129
Amphenol
APH
$194B
| $239M | 0.12% |
2,416,955
+2,056,158
| +570% | +$168M |
|
130
argenx
ARGX
$65B
| $237M | 0.11% |
429,844
+161,240
| +60% | +$93.6M |
|
|
CMA
131
DELISTED
Comerica
CMA
| $234M | 0.11% |
3,931,096
-917,202
| -19% | -$51.2M |
|
132
Alibaba
BABA
$286B
| $234M | 0.11% |
2,060,535
+471,155
| +30% | +$55.8M |
|
133
Caterpillar
CAT
$381B
| $233M | 0.11% |
599,309
+385,407
| +180% | +$128M |
|
134
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $230M | 0.11% |
825,300
+355,100
| +76% | +$82.3M |
|
|
FISV
135
Fiserv Inc
FISV
$28B
| $228M | 0.11% |
1,320,688
+1,318,142
| +51,773% | +$239M |
|
136
PUT
Palo Alto Networks
PANW
$292B
| $227M | 0.11% |
1,109,600
+160,900
| +17% | +$29.9M |
|
137
Public Service Enterprise Group
PEG
$36.2B
| $227M | 0.11% |
2,693,394
+1,179,237
| +78% | +$95.1M |
|
138
PUT
PayPal
PYPL
$52.7B
| $227M | 0.11% |
3,048,800
-416,000
| -12% | -$28.5M |
|
139
Adobe
ADBE
$109B
| $225M | 0.11% |
581,367
-36,816
| -6% | -$14.2M |
|
140
Entergy
ETR
$48.8B
| $225M | 0.11% |
2,704,189
-222,816
| -8% | -$18.4M |
|
141
Linde
LIN
$225B
| $224M | 0.11% |
478,410
-406,534
| -46% | -$186M |
|
142
KKR & Co
KKR
$97.4B
| $224M | 0.11% |
1,686,017
-25,561
| -1% | -$2.99M |
|
143
CALL
Visa
V
$693B
| $223M | 0.11% |
628,100
+172,100
| +38% | +$60M |
|
144
PUT
Micron Technology
MU
$1.09T
| $222M | 0.11% |
1,799,400
+86,900
| +5% | +$8.12M |
|
|
JHG
145
DELISTED
Janus Henderson
JHG
| $221M | 0.11% |
5,696,601
+658,575
| +13% | +$23.2M |
|
146
Arista Networks
ANET
$238B
| $221M | 0.11% |
2,156,110
-1,093,848
| -34% | -$94.6M |
|
147
Progressive
PGR
$127B
| $218M | 0.11% |
818,195
+599,411
| +274% | +$164M |
|
|
148
Netflix
NFLX
$331B
| $218M | 0.11% |
1,626,160
-1,468,950
| -47% | -$166M |
|
149
CALL
JPMorgan Chase
JPM
$935B
| $217M | 0.1% |
748,000
+50,200
| +7% | +$12.8M |
|
150
Atlassian
TEAM
$43.5B
| $217M | 0.1% |
1,067,446
+31,254
| +3% | +$6.51M |
|
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Israel Englander's Q2 2025 Portfolio in Review
As of Q2 2025, Israel Englander held 6,516 positions worth $207B, up 10% from $188B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Israel Englander's Q2 2025 filing shows 738 new, 2,295 increased, 2,418 reduced and 712 closed positions. Its largest new stake was Bank of America Series L: 164,000 shares worth $197K. The largest sale was iShares Core S&P 500 ETF, an estimated $1.74B.
By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.8% a quarter earlier, followed by Financials and Healthcare.
- Israel Englander's largest Q2 2025 buy was Bank of America Series L: 164,000 shares worth $197K.
- Israel Englander added most to Applovin in Q2 2025, an estimated $751M increase.
- Israel Englander's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.74B.
- Israel Englander fully exited Discover Financial Services in Q2 2025, selling an estimated $282M.
- Israel Englander's ten largest holdings make up 16% of its $207B portfolio in Q2 2025.
- Israel Englander opened 738 new positions and closed 712 in Q2 2025.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $207B.
Based on Millennium Management's 13F filing for Q2 2025, filed 14 Aug 2025.