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 | |
|---|---|---|---|---|---|---|
1526
Annaly Capital Management
NLY
$17.4B
| $20M | 0.01% |
894,532
-659,962
| -42% | -$14.4M |
|
1527
Rhythm Pharmaceuticals
RYTM
$7.8B
| $20M | 0.01% |
186,709
+53,548
| +40% | +$5.68M |
|
1528
CALL
American Electric Power
AEP
$66.8B
| $20M | 0.01% |
173,200
+22,500
| +15% | +$2.66M |
|
1529
CALL
D.R. Horton
DHI
$42.2B
| $19.9M | 0.01% |
138,000
+12,700
| +10% | +$1.93M |
|
1530
Enbridge
ENB
$109B
| $19.9M | 0.01% |
415,022
+404,482
| +3,838% | +$19.3M |
|
1531
Larimar Therapeutics
LRMR
$432M
| $19.8M | 0.01% |
5,206,364
+309,533
| +6% | +$1.2M |
|
1532
Wendy's
WEN
$1.74B
| $19.8M | 0.01% |
2,380,938
+381,068
| +19% | +$3.29M |
|
1533
PUT
SoFi Technologies
SOFI
$24.5B
| $19.8M | 0.01% |
757,100
-411,800
| -35% | -$11.5M |
|
1534
Albany International
AIN
$1.65B
| $19.8M | 0.01% |
390,903
+77,073
| +25% | +$3.99M |
|
1535
Dillards
DDS
$9.95B
| $19.8M | 0.01% |
32,599
+21,800
| +202% | +$13.7M |
|
1536
Q2 Holdings
QTWO
$3.98B
| $19.7M | 0.01% |
+273,672
| New | +$18.8M |
|
1537
Kyndryl
KD
$2.84B
| $19.7M | 0.01% |
743,507
+162,900
| +28% | +$4.42M |
|
|
EFOR
1538
Everforth Inc
EFOR
$1.29B
| $19.7M | 0.01% |
409,781
+20,421
| +5% | +$941K |
|
1539
Capricor Therapeutics
CAPR
$482M
| $19.7M | 0.01% |
682,344
+479,885
| +237% | +$6.27M |
|
1540
Payoneer
PAYO
$2.41B
| $19.7M | 0.01% |
4,676,041
-2,222,064
| -32% | -$12.8M |
|
1541
Reddit
RDDT
$31.3B
| $19.6M | 0.01% |
85,397
-168,499
| -66% | -$35.4M |
|
1542
PUT
BILL Holdings
BILL
$4.75B
| $19.6M | 0.01% |
359,300
-27,500
| -7% | -$1.41M |
|
1543
Vaxcyte
PCVX
$9.09B
| $19.6M | 0.01% |
424,294
-524,673
| -55% | -$23.5M |
|
|
LAC
1544
Lithium Americas
LAC
$1.18B
| $19.6M | 0.01% |
4,489,568
+1,182,465
| +36% | +$6.83M |
|
1545
Astronics
ATRO
$3.2B
| $19.6M | 0.01% |
432,713
+16,911
| +4% | +$709K |
|
1546
Stantec
STN
$8.26B
| $19.5M | 0.01% |
207,075
+128,674
| +164% | +$13.3M |
|
1547
PUT
Honeywell
HON
$68.4B
| $19.5M | 0.01% |
100,100
-157,086
| -61% | -$30.7M |
|
1548
CALL
Delta Air Lines
DAL
$55B
| $19.5M | 0.01% |
280,500
-97,400
| -26% | -$6.09M |
|
1549
M&T Bank
MTB
$34.7B
| $19.4M | 0.01% |
96,332
-215,493
| -69% | -$41.2M |
|
1550
PUT
Toronto Dominion Bank
TD
$197B
| $19.4M | 0.01% |
150,000
| – | – |
|
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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.