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 | |
|---|---|---|---|---|---|---|
151
PUT
Warner Bros
WBD
$71.6B
| $240M | 0.1% |
8,322,100
+5,382,700
| +183% | +$126M |
|
152
CALL
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $240M | 0.1% |
7,037,500
+1,969,700
| +39% | +$75.8M |
|
153
Applied Materials
AMAT
$391B
| $239M | 0.1% |
931,841
+602,353
| +183% | +$144M |
|
154
PUT
Marvell Technology
MRVL
$213B
| $236M | 0.1% |
2,782,600
+781,800
| +39% | +$68.4M |
|
155
First Horizon
FHN
$11.7B
| $235M | 0.1% |
9,817,089
+3,469,114
| +55% | +$77.3M |
|
156
PUT
Costco
COST
$420B
| $233M | 0.1% |
270,700
+93,200
| +53% | +$84.5M |
|
157
Coherent
COHR
$56.7B
| $233M | 0.1% |
1,262,260
+236,503
| +23% | +$35.4M |
|
158
PUT
Wells Fargo
WFC
$254B
| $230M | 0.1% |
2,467,300
-376,500
| -13% | -$32.7M |
|
159
Affiliated Managers Group
AMG
$9.21B
| $229M | 0.1% |
796,010
-221,103
| -22% | -$57.1M |
|
160
PayPal
PYPL
$52.7B
| $229M | 0.1% |
3,926,164
+2,300,778
| +142% | +$149M |
|
161
Insmed
INSM
$27.5B
| $228M | 0.1% |
1,311,654
-1,024,458
| -44% | -$187M |
|
162
Huntington Ingalls Industries
HII
$11.8B
| $227M | 0.1% |
666,448
+219,749
| +49% | +$68.2M |
|
163
Murphy USA
MUSA
$10.5B
| $226M | 0.1% |
560,625
-175,320
| -24% | -$67.3M |
|
164
Aon
AON
$75.3B
| $225M | 0.09% |
636,922
+140,336
| +28% | +$49M |
|
165
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $224M | 0.09% |
4,093,451
+2,071,721
| +102% | +$110M |
|
166
PUT
Lam Research
LRCX
$393B
| $223M | 0.09% |
1,304,400
-364,300
| -22% | -$56.7M |
|
167
PUT
iShares MSCI Canada ETF
EWC
$6.6B
| $223M | 0.09% |
4,140,000
-200,000
| -5% | -$10.3M |
|
168
Ovintiv
OVV
$18.5B
| $223M | 0.09% |
5,692,806
+3,086,591
| +118% | +$120M |
|
169
Darling Ingredients
DAR
$10.4B
| $222M | 0.09% |
6,175,256
+5,070,434
| +459% | +$172M |
|
170
Tyson Foods
TSN
$20.6B
| $222M | 0.09% |
3,788,221
+2,575,909
| +212% | +$141M |
|
171
AstraZeneca
AZN
$257B
| $220M | 0.09% |
1,198,472
+84,799
| +8% | +$14.9M |
|
172
PUT
Booking.com
BKNG
$158B
| $220M | 0.09% |
1,025,000
+525,000
| +105% | +$108M |
|
173
Sempra
SRE
$54.2B
| $218M | 0.09% |
2,467,150
-1,240,252
| -33% | -$113M |
|
|
CMA
174
CALL
DELISTED
Comerica
CMA
| $217M | 0.09% |
2,500,000
-3,650,000
| -59% | -$294M |
|
175
PUT
Blackstone
BX
$108B
| $215M | 0.09% |
1,396,800
+734,600
| +111% | +$112M |
|
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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.