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 | |
|---|---|---|---|---|---|---|
1976
Strategic Education
STRA
$1.9B
| $12.2M | 0.01% |
151,982
-64,135
| -30% | -$5.12M |
|
1977
Zegna
ZGN
$3.66B
| $12.2M | 0.01% |
1,188,887
+504,546
| +74% | +$5.15M |
|
1978
BJ's Restaurants
BJRI
$1.36B
| $12.2M | 0.01% |
309,269
+246,733
| +395% | +$8.76M |
|
1979
iShares US Home Construction ETF
ITB
$2.23B
| $12.2M | 0.01% |
126,498
+86,207
| +214% | +$8.7M |
|
1980
Nomura Holdings
NMR
$29.6B
| $12.2M | 0.01% |
1,451,595
+517,250
| +55% | +$3.86M |
|
1981
Intuitive Machines
LUNR
$2.6B
| $12.2M | 0.01% |
749,383
-1,159,862
| -61% | -$13.4M |
|
1982
PUT
NXP Semiconductors
NXPI
$57B
| $12.2M | 0.01% |
56,000
+4,000
| +8% | +$858K |
|
1983
CALL
Cummins
CMI
$79B
| $12.1M | 0.01% |
23,800
+9,600
| +68% | +$4.49M |
|
1984
PUT
AstraZeneca
AZN
$255B
| $12.1M | 0.01% |
66,050
-123,650
| -65% | -$21.7M |
|
1985
PUT
Pembina Pipeline
PBA
$28.1B
| $12.1M | 0.01% |
232,000
| – | – |
|
1986
CALL
SoFi Technologies
SOFI
$24.8B
| $12.1M | 0.01% |
462,500
-392,200
| -46% | -$10.9M |
|
1987
PUT
Trade Desk
TTD
$6.31B
| $12.1M | 0.01% |
318,600
-312,900
| -50% | -$13.9M |
|
1988
Butterfly Network
BFLY
$2.32B
| $12.1M | 0.01% |
3,174,053
+1,653,168
| +109% | +$4.5M |
|
1989
Procept Biorobotics
PRCT
$1.18B
| $12.1M | 0.01% |
383,137
+278,077
| +265% | +$9.22M |
|
1990
Franklin Templeton
BEN
$17.7B
| $12.1M | 0.01% |
504,539
-125,501
| -20% | -$2.88M |
|
1991
Ambarella
AMBA
$3.12B
| $12M | 0.01% |
169,852
+51,030
| +43% | +$4.12M |
|
1992
CNX Resources
CNX
$5.34B
| $12M | 0.01% |
327,088
+4,172
| +1% | +$149K |
|
1993
Global Payments
GPN
$24.5B
| $12M | 0.01% |
155,316
+32,365
| +26% | +$2.61M |
|
1994
Castle Biosciences
CSTL
$1.05B
| $12M | 0.01% |
308,914
-266,175
| -46% | -$8.58M |
|
|
GPACU
1995
General Purpose Acquisition Corp Units
GPACU
$210M
| $12M | 0.01% |
+1,200,000
| New | +$12M |
|
1996
Lifestance Health
LFST
$4.7B
| $12M | 0.01% |
1,705,015
+231,459
| +16% | +$1.4M |
|
1997
Broadstone Net Lease
BNL
$4.32B
| $12M | 0.01% |
690,602
-668,191
| -49% | -$12M |
|
1998
Avalo Therapeutics
AVTX
$1.08B
| $12M | 0.01% |
659,979
+522,548
| +380% | +$8.82M |
|
1999
AutoNation
AN
$6.57B
| $12M | 0.01% |
58,031
-43,653
| -43% | -$9.08M |
|
2000
Alarm.com
ALRM
$2.83B
| $12M | 0.01% |
234,759
-1,247
| -0.5% | -$63.6K |
|
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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.