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 |
NVIDIA
NVDA
|
+$1.78B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$834M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$784M |
| 5 |
Norfolk Southern
NSC
|
+$613M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$1.19B |
| 2 |
Palantir
PLTR
|
+$742M |
| 3 |
HES
Hess
HES
|
+$478M |
| 4 |
Oracle
ORCL
|
+$465M |
| 5 |
Thomson Reuters
TRI
|
+$442M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 53.36% |
| 2 | Technology | 9.28% |
| 3 | Financials | 7.68% |
| 4 | Healthcare | 6.5% |
| 5 | Industrials | 5.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Ouster
OUST
$2.63B
| $13.7M | 0.01% |
505,217
-560,595
| -53% | -$15.6M |
|
|
HVMCU
1977
Highview Merger Corp Units
HVMCU
| $13.7M | 0.01% |
+1,350,000
| New | +$13.6M |
|
1978
iShares Preferred and Income Securities ETF
PFF
$13.1B
| $13.7M | 0.01% |
431,810
+250,000
| +138% | +$7.86M |
|
1979
PUT
Apollo Global Management
APO
$78.8B
| $13.6M | 0.01% |
102,300
-104,300
| -50% | -$14.8M |
|
1980
Ares Capital
ARCC
$14.3B
| $13.6M | 0.01% |
667,196
+578,777
| +655% | +$12.9M |
|
|
REVG
1981
DELISTED
REV Group
REVG
| $13.6M | 0.01% |
240,074
+104,466
| +77% | +$5.55M |
|
1982
Brookfield Renewable
BEPC
$6.12B
| $13.6M | 0.01% |
394,860
-817
| -0.2% | -$28K |
|
1983
Helmerich & Payne
HP
$4.24B
| $13.6M | 0.01% |
614,884
+500,863
| +439% | +$9.23M |
|
1984
BHP
BHP
$245B
| $13.6M | 0.01% |
243,373
+49,650
| +26% | +$2.64M |
|
1985
PUT
Cardinal Health
CAH
$54.7B
| $13.6M | 0.01% |
86,400
-55,100
| -39% | -$8.51M |
|
|
DOCU
1986
CALL
DocuSign
DOCU
$12.2B
| $13.6M | 0.01% |
188,100
+122,600
| +187% | +$9.45M |
|
|
XHR
1987
Xenia Hotels & Resorts
XHR
$1.78B
| $13.5M | 0.01% |
984,746
-363,738
| -27% | -$4.94M |
|
1988
Zimmer Biomet
ZBH
$19B
| $13.5M | 0.01% |
137,048
+124,939
| +1,032% | +$12.4M |
|
1989
Willdan Group
WLDN
$1.34B
| $13.5M | 0.01% |
139,583
-76,688
| -35% | -$7.26M |
|
1990
Invesco S&P 500 Equal Weight ETF
RSP
$99.8B
| $13.5M | 0.01% |
71,061
-30,207
| -30% | -$5.63M |
|
|
MTAL
1991
DELISTED
Metals Acquisition
MTAL
| $13.5M | 0.01% |
1,103,835
+700,272
| +174% | +$8.48M |
|
1992
Ryman Hospitality Properties
RHP
$8.91B
| $13.5M | 0.01% |
150,434
+62,810
| +72% | +$6.14M |
|
1993
Hilton Worldwide
HLT
$73.3B
| $13.5M | 0.01% |
51,934
+38,568
| +289% | +$10.4M |
|
1994
Ryan Specialty Holdings
RYAN
$11.1B
| $13.5M | 0.01% |
+238,758
| New | +$14.1M |
|
|
PSKY
1995
CALL
Paramount Skydance Corp
PSKY
$12.1B
| $13.5M | 0.01% |
+711,000
| New | +$11.2M |
|
1996
Driven Brands
DRVN
$2.09B
| $13.5M | 0.01% |
834,965
-80,560
| -9% | -$1.4M |
|
1997
Range Resources
RRC
$9.73B
| $13.4M | 0.01% |
357,298
-421,395
| -54% | -$15M |
|
1998
Rhythm Pharmaceuticals
RYTM
$7.75B
| $13.4M | 0.01% |
133,161
-64,949
| -33% | -$6.03M |
|
1999
PUT
Constellation Brands
STZ
$22.4B
| $13.4M | 0.01% |
99,800
+67,900
| +213% | +$10.8M |
|
|
USARW
2000
CALL
DELISTED
USA Rare Earth Inc Warrant
USARW
| $13.4M | 0.01% |
1,850,000
+850,000
| +85% | +$4.22M |
|
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Israel Englander's Q3 2025 Portfolio in Review
As of Q3 2025, Israel Englander held 6,610 positions worth $234B, up 13% from $207B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Israel Englander's Q3 2025 filing shows 800 new, 2,296 increased, 2,513 reduced and 633 closed positions. Its largest new stake was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M. The largest sale was Applovin, an estimated $1.19B.
By sector, the portfolio is most concentrated in Miscellaneous at 53% of assets, up from 52% a quarter earlier, followed by Technology and Financials.
- Israel Englander's largest Q3 2025 buy was Vanguard Long-Term Corporate Bond ETF: 1,212,092 shares worth $94.1M.
- Israel Englander added most to NVIDIA in Q3 2025, an estimated $1.78B increase.
- Israel Englander's biggest Q3 2025 reduction was Applovin, cutting an estimated $1.19B.
- Israel Englander fully exited Hess in Q3 2025, selling an estimated $478M.
- Israel Englander's ten largest holdings make up 18% of its $234B portfolio in Q3 2025.
- Israel Englander opened 800 new positions and closed 633 in Q3 2025.
- Israel Englander's portfolio value rose 13% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q3 2025, filed 14 Nov 2025.