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 | |
|---|---|---|---|---|---|---|
1801
HEICO Corp
HEI
$48.4B
| $14.7M | 0.01% |
45,521
-19,271
| -30% | -$6.09M |
|
1802
Korn Ferry
KFY
$4.31B
| $14.7M | 0.01% |
223,065
-63,575
| -22% | -$4.28M |
|
1803
Exelon
EXC
$45.8B
| $14.7M | 0.01% |
337,776
-218,334
| -39% | -$9.96M |
|
1804
NiSource
NI
$19.7B
| $14.7M | 0.01% |
352,507
-2,813,806
| -89% | -$120M |
|
|
EA
1805
CALL
DELISTED
Electronic Arts
EA
| $14.7M | 0.01% |
72,000
-109,700
| -60% | -$22.1M |
|
1806
CALL
Cloudflare
NET
$101B
| $14.7M | 0.01% |
74,600
+600
| +0.8% | +$127K |
|
1807
PUT
Hershey
HSY
$37.2B
| $14.7M | 0.01% |
80,800
+53,200
| +193% | +$9.73M |
|
1808
CALL
United Airlines
UAL
$37.3B
| $14.7M | 0.01% |
131,400
-32,700
| -20% | -$3.3M |
|
1809
Disc Medicine
IRON
$3.17B
| $14.7M | 0.01% |
184,779
+23,779
| +15% | +$2.01M |
|
1810
Kohl's
KSS
$2.03B
| $14.7M | 0.01% |
718,540
-297,085
| -29% | -$5.57M |
|
1811
Laureate Education
LAUR
$5.33B
| $14.6M | 0.01% |
434,845
-147,332
| -25% | -$4.55M |
|
1812
OGE Energy
OGE
$9.62B
| $14.6M | 0.01% |
342,647
-476,845
| -58% | -$21.3M |
|
1813
CALL
iShares MSCI South Korea ETF
EWY
$27.9B
| $14.6M | 0.01% |
+150,000
| New | +$13.7M |
|
1814
RLI Corp
RLI
$5.95B
| $14.6M | 0.01% |
227,807
+33,016
| +17% | +$2.07M |
|
|
MBX
1815
MBX Biosciences
MBX
$3.22B
| $14.6M | 0.01% |
462,049
-193,367
| -30% | -$4.69M |
|
1816
PNC Financial Services
PNC
$97.6B
| $14.6M | 0.01% |
69,771
-215,312
| -76% | -$41.6M |
|
1817
PUT
Monster Beverage
MNST
$93.7B
| $14.6M | 0.01% |
379,800
+164,000
| +76% | +$5.88M |
|
|
ESPR
1818
DELISTED
Esperion Therapeutics
ESPR
| $14.5M | 0.01% |
3,932,274
+2,957,418
| +303% | +$9.56M |
|
1819
Amdocs
DOX
$6.5B
| $14.5M | 0.01% |
180,624
-115,176
| -39% | -$9.26M |
|
1820
Pathward Financial
CASH
$1.7B
| $14.5M | 0.01% |
204,437
+131,847
| +182% | +$9.45M |
|
|
GDEN
1821
DELISTED
Golden Entertainment
GDEN
| $14.5M | 0.01% |
533,217
+438,297
| +462% | +$11.3M |
|
1822
UroGen Pharma
URGN
$2.25B
| $14.5M | 0.01% |
618,952
-849,785
| -58% | -$18.4M |
|
1823
Cracker Barrel
CBRL
$1.31B
| $14.5M | 0.01% |
569,775
+416,013
| +271% | +$13.3M |
|
1824
CALL
C.H. Robinson
CHRW
$17.7B
| $14.5M | 0.01% |
90,000
+59,700
| +197% | +$8.82M |
|
1825
PUT
Affirm
AFRM
$25.6B
| $14.5M | 0.01% |
194,300
-129,100
| -40% | -$9.29M |
|
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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.