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 | Miscellaneous | 51.24% |
| 2 | Technology | 9.52% |
| 3 | Healthcare | 7.46% |
| 4 | Financials | 6.74% |
| 5 | Industrials | 6.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BCPC
1926
Balchem Corp
BCPC
$5.67B
| $12.8M | 0.01% |
83,472
-83,532
| -50% | -$12.7M |
|
1927
PUT
State Street SPDR S&P Retail ETF
XRT
$320M
| $12.8M | 0.01% |
150,000
| – | – |
|
1928
Asana
ASAN
$2.34B
| $12.8M | 0.01% |
933,028
+453,422
| +95% | +$6.23M |
|
|
VISN
1929
PUT
Vistance Networks Inc
VISN
$2.68B
| $12.8M | 0.01% |
704,800
+402,300
| +133% | +$6.94M |
|
1930
Bausch Health
BHC
$2.36B
| $12.8M | 0.01% |
1,836,137
+1,366,268
| +291% | +$8.99M |
|
1931
CALL
Cigna
CI
$73.4B
| $12.7M | 0.01% |
46,300
-13,500
| -23% | -$3.78M |
|
1932
CALL
Varonis Systems
VRNS
$5.14B
| $12.7M | 0.01% |
388,500
+263,500
| +211% | +$11.1M |
|
1933
Vertical Aerospace
EVTL
$127M
| $12.7M | 0.01% |
2,385,917
+598,127
| +33% | +$3.03M |
|
1934
iShares MSCI China ETF
MCHI
$6.21B
| $12.7M | 0.01% |
211,466
+33,467
| +19% | +$2.1M |
|
1935
Resideo Technologies
REZI
$3.03B
| $12.7M | 0.01% |
361,683
-132,046
| -27% | -$4.89M |
|
1936
CALL
Prudential Financial
PRU
$41.5B
| $12.7M | 0.01% |
112,300
-99,400
| -47% | -$10.7M |
|
1937
Cathay General Bancorp
CATY
$4.14B
| $12.7M | 0.01% |
261,930
-158,579
| -38% | -$7.62M |
|
1938
Entegris
ENTG
$22.2B
| $12.7M | 0.01% |
150,179
-456,534
| -75% | -$39.7M |
|
1939
Sony
SONY
$141B
| $12.7M | 0.01% |
494,179
+160,064
| +48% | +$4.49M |
|
|
MIAX
1940
Miami International Holdings
MIAX
$4.37B
| $12.6M | 0.01% |
284,664
+126,182
| +80% | +$5.63M |
|
1941
ADT
ADT
$5.45B
| $12.6M | 0.01% |
1,565,094
-2,218,205
| -59% | -$18.4M |
|
1942
Churchill Downs
CHDN
$6.03B
| $12.6M | 0.01% |
111,005
-60,959
| -35% | -$6.32M |
|
1943
PUT
GE HealthCare
GEHC
$32.7B
| $12.6M | 0.01% |
153,600
-97,600
| -39% | -$7.6M |
|
|
DAWN
1944
DELISTED
Day One Biopharmaceuticals
DAWN
| $12.6M | 0.01% |
1,349,919
+656,599
| +95% | +$5.49M |
|
1945
Shenandoah Telecom
SHEN
$673M
| $12.6M | 0.01% |
1,087,246
+997,882
| +1,117% | +$11.8M |
|
1946
Delek US
DK
$4.3B
| $12.5M | 0.01% |
422,867
-31,681
| -7% | -$1.13M |
|
1947
PUT
AGNC Investment
AGNC
$13B
| $12.5M | 0.01% |
1,168,800
-2,194,700
| -65% | -$22.6M |
|
1948
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$24.7B
| $12.5M | 0.01% |
+50,000
| New | +$12.6M |
|
1949
CALL
Carnival Corporation Ltd
CCL
$34.2B
| $12.5M | 0.01% |
409,600
+78,100
| +24% | +$2.18M |
|
1950
Axos Financial
AX
$5.52B
| $12.5M | 0.01% |
144,837
-10,116
| -7% | -$833K |
|
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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 Miscellaneous at 51% of assets, down from 53% a quarter earlier, followed by Technology and Healthcare.
- 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.