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 | |
|---|---|---|---|---|---|---|
1951
PUT
Zoom
ZM
$29.4B
| $12.5M | 0.01% |
144,600
-37,600
| -21% | -$3.16M |
|
1952
Olema Pharmaceuticals
OLMA
$944M
| $12.5M | 0.01% |
498,490
+167,036
| +50% | +$2.97M |
|
1953
PUT
Toyota
TM
$227B
| $12.5M | 0.01% |
58,200
-116,200
| -67% | -$23.6M |
|
1954
SK Telecom
SKM
$15.2B
| $12.4M | 0.01% |
606,347
+405,863
| +202% | +$8.33M |
|
1955
Remitly
RELY
$5.5B
| $12.4M | 0.01% |
901,856
+819,162
| +991% | +$11.9M |
|
1956
PagSeguro Digital
PAGS
$2.46B
| $12.4M | 0.01% |
1,290,824
-1,106,659
| -46% | -$10.6M |
|
1957
CALL
Simon Property Group
SPG
$69.5B
| $12.4M | 0.01% |
67,200
-13,900
| -17% | -$2.53M |
|
1958
CALL
UBS Group
UBS
$166B
| $12.4M | 0.01% |
286,800
-263,400
| -48% | -$10.6M |
|
1959
ICU Medical
ICUI
$4.38B
| $12.4M | 0.01% |
87,135
-1,001,882
| -92% | -$134M |
|
1960
CALL
Take-Two Interactive
TTWO
$43.6B
| $12.4M | 0.01% |
48,500
+17,000
| +54% | +$4.24M |
|
1961
Cerence
CRNC
$380M
| $12.4M | 0.01% |
1,156,018
+1,088,908
| +1,623% | +$12M |
|
1962
ThredUp
TDUP
$352M
| $12.3M | 0.01% |
1,930,924
-810,068
| -30% | -$6.55M |
|
|
IVA
1963
Inventiva
IVA
$1.16B
| $12.3M | 0.01% |
2,652,570
+2,540,540
| +2,268% | +$11.8M |
|
1964
Park Hotels & Resorts
PK
$3.16B
| $12.3M | 0.01% |
1,176,980
+1,128,070
| +2,306% | +$12.1M |
|
|
DBVT
1965
DBV Technologies
DBVT
$906M
| $12.3M | 0.01% |
640,885
+303,022
| +90% | +$4.73M |
|
1966
Enphase Energy
ENPH
$5.19B
| $12.3M | 0.01% |
383,286
-309,509
| -45% | -$10M |
|
|
LAR
1967
Lithium Argentina AG
LAR
$1.13B
| $12.3M | 0.01% |
2,200,722
+1,793,994
| +441% | +$8.52M |
|
1968
CALL
PNC Financial Services
PNC
$97.1B
| $12.3M | 0.01% |
58,700
+9,200
| +19% | +$1.78M |
|
1969
SunCoke Energy
SXC
$873M
| $12.2M | 0.01% |
1,699,956
+1,616,933
| +1,948% | +$11.9M |
|
|
NUTX
1970
Nutex Health
NUTX
$1.33B
| $12.2M | 0.01% |
74,326
-19,070
| -20% | -$2.53M |
|
|
MPT
1971
PUT
Medical Properties Trust
MPT
$2.41B
| $12.2M | 0.01% |
2,445,900
-455,100
| -16% | -$2.37M |
|
1972
Dentsply Sirona
XRAY
$2.2B
| $12.2M | 0.01% |
1,069,704
-1,303,291
| -55% | -$15.3M |
|
1973
ADMA Biologics
ADMA
$2.12B
| $12.2M | 0.01% |
669,671
+384,832
| +135% | +$6.49M |
|
|
GAU
1974
Galiano Gold
GAU
$630M
| $12.2M | 0.01% |
4,812,612
+927,601
| +24% | +$2.29M |
|
1975
CALL
Centene
CNC
$32.3B
| $12.2M | 0.01% |
296,400
-571,900
| -66% | -$21.4M |
|
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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.