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 | |
|---|---|---|---|---|---|---|
1601
CALL
United Parcel Service
UPS
$89.5B
| $18.4M | 0.01% |
185,400
-132,800
| -42% | -$12.4M |
|
1602
Lattice Semiconductor
LSCC
$16.5B
| $18.4M | 0.01% |
249,801
-726,233
| -74% | -$51.7M |
|
1603
Mueller Water Products
MWA
$3.89B
| $18.4M | 0.01% |
771,243
-955,849
| -55% | -$23.7M |
|
1604
Philip Morris
PM
$302B
| $18.3M | 0.01% |
114,247
-505,748
| -82% | -$78.4M |
|
1605
CALL
Kenvue
KVUE
$37.1B
| $18.3M | 0.01% |
1,061,500
-53,400
| -5% | -$873K |
|
1606
Jack Henry & Associates
JKHY
$12.3B
| $18.3M | 0.01% |
100,217
+56,688
| +130% | +$9.44M |
|
1607
U-Haul Holding Co Series N
UHAL.B
$11.9B
| $18.2M | 0.01% |
390,035
+178,101
| +84% | +$8.67M |
|
1608
Turkcell
TKC
$4.72B
| $18.2M | 0.01% |
3,329,078
-166,313
| -5% | -$970K |
|
1609
Vontier
VNT
$4.51B
| $18.2M | 0.01% |
489,651
-321,423
| -40% | -$12.3M |
|
1610
PUT
Devon Energy
DVN
$51.6B
| $18.2M | 0.01% |
495,900
-419,900
| -46% | -$14.7M |
|
1611
Transmedics
TMDX
$3.25B
| $18.1M | 0.01% |
149,031
+100,217
| +205% | +$12.6M |
|
1612
PUT
United Rentals
URI
$65.6B
| $18.1M | 0.01% |
22,400
-100
| -0.4% | -$86.8K |
|
1613
Origin Bancorp
OBK
$1.63B
| $18.1M | 0.01% |
481,628
+180,411
| +60% | +$6.46M |
|
1614
PUT
Zimmer Biomet
ZBH
$19.1B
| $18.1M | 0.01% |
201,400
+147,100
| +271% | +$13.9M |
|
1615
iShares MSCI Emerging Markets ETF
EEM
$31.3B
| $18.1M | 0.01% |
330,897
+301,318
| +1,019% | +$16.4M |
|
1616
Franco-Nevada
FNV
$52.4B
| $18.1M | 0.01% |
87,238
-12,057
| -12% | -$2.45M |
|
1617
PUT
iShares US Real Estate ETF
IYR
$4.67B
| $18M | 0.01% |
+192,200
| New | +$18.3M |
|
1618
Iridium Communications
IRDM
$4.99B
| $18M | 0.01% |
1,037,281
-2,002,450
| -66% | -$35.4M |
|
1619
Ares Capital
ARCC
$14.3B
| $18M | 0.01% |
889,620
+222,424
| +33% | +$4.49M |
|
1620
Iovance Biotherapeutics
IOVA
$3.82B
| $18M | 0.01% |
6,585,532
+2,172,081
| +49% | +$5.02M |
|
1621
CALL
Oscar Health
OSCR
$9.55B
| $18M | 0.01% |
1,250,400
+1,038,900
| +491% | +$18M |
|
1622
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15.1B
| $18M | 0.01% |
231,143
-1,425,309
| -86% | -$111M |
|
1623
Walker & Dunlop
WD
$1.4B
| $18M | 0.01% |
298,459
+50,854
| +21% | +$3.61M |
|
1624
BlackSky Technology
BKSY
$1.03B
| $17.9M | 0.01% |
956,711
-117,860
| -11% | -$2.4M |
|
1625
Futu Holdings
FUTU
$17.6B
| $17.9M | 0.01% |
108,914
+63,030
| +137% | +$10.8M |
|
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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.