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
|
+$2.22B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$372M |
| 3 |
Danaher
DHR
|
+$293M |
| 4 |
Linde
LIN
|
+$281M |
| 5 |
Carlyle Group
CG
|
+$268M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$926M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$770M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$649M |
| 4 |
Meta Platforms (Facebook)
META
|
+$641M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$462M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9% |
| 2 | Technology | 7.77% |
| 3 | Healthcare | 6.87% |
| 4 | Industrials | 5.56% |
| 5 | Consumer Discretionary | 5.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
PUT
CVS Health
CVS
$119B
| $203M | 0.11% |
2,994,900
+2,246,400
| +300% | +$134M |
|
152
PUT
TSMC
TSM
$2.17T
| $202M | 0.11% |
1,216,500
+1,009,500
| +488% | +$196M |
|
153
CALL
ExxonMobil
XOM
$679B
| $201M | 0.11% |
1,690,600
-839,300
| -33% | -$92.8M |
|
154
PUT
Mastercard
MA
$509B
| $201M | 0.11% |
366,100
-38,400
| -9% | -$20.9M |
|
155
PayPal
PYPL
$52.7B
| $199M | 0.11% |
3,055,845
+2,307,859
| +309% | +$180M |
|
156
GE Aerospace
GE
$361B
| $199M | 0.11% |
993,079
+603,264
| +155% | +$119M |
|
157
KKR & Co
KKR
$97.4B
| $198M | 0.11% |
1,711,578
-696,183
| -29% | -$95.8M |
|
158
Colgate-Palmolive
CL
$72.6B
| $198M | 0.11% |
2,111,401
+608,407
| +40% | +$54.5M |
|
159
Cencora
COR
$60.7B
| $198M | 0.11% |
710,465
-174,533
| -20% | -$43.8M |
|
160
CALL
VanEck Semiconductor ETF
SMH
$66.4B
| $195M | 0.1% |
923,900
+553,400
| +149% | +$133M |
|
161
Cardinal Health
CAH
$53.4B
| $194M | 0.1% |
1,405,989
-1,990,235
| -59% | -$254M |
|
162
NRG Energy
NRG
$23.8B
| $191M | 0.1% |
2,005,484
-443,772
| -18% | -$44.9M |
|
163
Sempra
SRE
$54.2B
| $191M | 0.1% |
2,680,552
+1,250,168
| +87% | +$97.4M |
|
164
Dover
DOV
$27.2B
| $190M | 0.1% |
1,080,611
+127,780
| +13% | +$24.6M |
|
165
PUT
Pinduoduo
PDD
$126B
| $190M | 0.1% |
1,602,900
-372,200
| -19% | -$42.7M |
|
166
PUT
Johnson & Johnson
JNJ
$651B
| $190M | 0.1% |
1,143,400
+648,200
| +131% | +$101M |
|
167
PUT
Intuit
INTU
$100B
| $189M | 0.1% |
307,900
+88,700
| +40% | +$53.3M |
|
168
Pfizer
PFE
$160B
| $189M | 0.1% |
7,459,512
+4,420,708
| +145% | +$116M |
|
169
Gartner
IT
$12.4B
| $188M | 0.1% |
447,250
+149,973
| +50% | +$73.9M |
|
170
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $188M | 0.1% |
2,296,961
+1,456,820
| +173% | +$116M |
|
171
Leidos
LDOS
$17.7B
| $186M | 0.1% |
1,377,050
+1,123,721
| +444% | +$157M |
|
172
US Bancorp
USB
$96.7B
| $184M | 0.1% |
4,362,985
+3,205,215
| +277% | +$148M |
|
173
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $183M | 0.1% |
3,925,200
+985,000
| +34% | +$44.4M |
|
174
CALL
Costco
COST
$420B
| $183M | 0.1% |
193,200
+18,200
| +10% | +$17.7M |
|
|
K
175
DELISTED
Kellanova
K
| $182M | 0.1% |
2,210,417
-59,863
| -3% | -$4.91M |
|
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Israel Englander's Q1 2025 Portfolio in Review
As of Q1 2025, Israel Englander held 6,639 positions worth $188B, down 8.2% from $205B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Israel Englander withdrew a net $8.86B in Q1 2025, closing 852 positions and reducing 2,261 holdings. Its most notable exit was Verizon, an estimated $263M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9% of assets, up from 8.3% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Israel Englander opened a new position in Blackrock worth $215M.
- Israel Englander's largest Q1 2025 buy was Blackrock: 227,394 shares worth $215M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q1 2025, an estimated $2.22B increase.
- Israel Englander's biggest Q1 2025 reduction was Broadcom, cutting an estimated $926M.
- Israel Englander fully exited Verizon in Q1 2025, selling an estimated $263M.
- Israel Englander's ten largest holdings make up 16% of its $188B portfolio in Q1 2025.
- Israel Englander opened 739 new positions and closed 852 in Q1 2025.
- Israel Englander's portfolio value fell 8.2% quarter-over-quarter to $188B.
Based on Millennium Management's 13F filing for Q1 2025, filed 15 May 2025.