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
|
+$2.22B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$372M |
| 3 |
Danaher
DHR
|
+$293M |
| 4 |
Linde
LIN
|
+$281M |
| 5 |
Carlyle Group
CG
|
+$268M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$926M |
| 2 |
iShares Russell 1000 ETF
IWB
|
+$770M |
| 3 |
iShares Bitcoin Trust
IBIT
|
+$649M |
| 4 |
Meta Platforms (Facebook)
META
|
+$641M |
| 5 |
Bristol-Myers Squibb
BMY
|
+$462M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 9% |
| 2 | Technology | 7.77% |
| 3 | Healthcare | 6.87% |
| 4 | Industrials | 5.56% |
| 5 | Consumer Discretionary | 5.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
201
PUT
Boeing
BA
$169B
| $161M | 0.09% |
945,300
+464,500
| +97% | +$80.4M |
|
|
FYBR
202
DELISTED
Frontier Communications
FYBR
| $161M | 0.09% |
4,487,109
+1,422,556
| +46% | +$50.8M |
|
203
Bitwise Bitcoin ETF
BITB
$2.85B
| $161M | 0.09% |
3,580,398
-147,294
| -4% | -$7.47M |
|
204
iShares Russell 2000 ETF
IWM
$81.9B
| $161M | 0.09% |
804,618
-606,710
| -43% | -$132M |
|
205
CALL
Eli Lilly
LLY
$1.12T
| $160M | 0.09% |
193,700
+23,000
| +13% | +$19.1M |
|
206
CALL
Visa
V
$693B
| $160M | 0.09% |
456,000
-90,600
| -17% | -$30.7M |
|
207
argenx
ARGX
$65B
| $159M | 0.08% |
268,604
+204,180
| +317% | +$129M |
|
208
FedEx
FDX
$76.9B
| $158M | 0.08% |
648,633
-435,647
| -40% | -$113M |
|
209
CSX Corp
CSX
$95.6B
| $158M | 0.08% |
5,358,090
+4,238,548
| +379% | +$135M |
|
210
Lam Research
LRCX
$393B
| $157M | 0.08% |
2,160,823
-268,219
| -11% | -$21.1M |
|
211
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.07B
| $157M | 0.08% |
2,757,800
-3,277,900
| -54% | -$199M |
|
212
W.W. Grainger
GWW
$61.8B
| $157M | 0.08% |
158,712
+31,668
| +25% | +$32.7M |
|
213
Huntington Ingalls Industries
HII
$11.8B
| $157M | 0.08% |
767,606
+83,533
| +12% | +$15.9M |
|
214
Yum! Brands
YUM
$41.8B
| $156M | 0.08% |
992,493
+984,134
| +11,773% | +$142M |
|
215
Citigroup
C
$221B
| $155M | 0.08% |
2,185,397
-1,158,612
| -35% | -$88.3M |
|
216
StepStone Group
STEP
$4.11B
| $155M | 0.08% |
2,962,826
+2,161,548
| +270% | +$127M |
|
217
CALL
IBM
IBM
$222B
| $155M | 0.08% |
621,900
+388,400
| +166% | +$95M |
|
218
Thomson Reuters
TRI
$45.7B
| $154M | 0.08% |
880,270
+691,197
| +366% | +$119M |
|
219
TransAlta
TAC
$3.86B
| $154M | 0.08% |
16,462,892
+10,957,858
| +199% | +$121M |
|
220
PUT
Marvell Technology
MRVL
$213B
| $153M | 0.08% |
2,485,900
-192,600
| -7% | -$18.7M |
|
221
Philip Morris
PM
$293B
| $153M | 0.08% |
962,263
+157,631
| +20% | +$22.3M |
|
222
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $151M | 0.08% |
1,847,000
-2,668,600
| -59% | -$215M |
|
223
PUT
Abbott
ABT
$202B
| $151M | 0.08% |
1,136,800
+519,800
| +84% | +$66.2M |
|
224
CALL
Bank of America
BAC
$431B
| $150M | 0.08% |
3,601,700
+1,241,700
| +53% | +$55.3M |
|
225
Vertex Pharmaceuticals
VRTX
$139B
| $150M | 0.08% |
309,935
-708
| -0.2% | -$330K |
|
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Israel Englander's Q1 2025 Portfolio in Review
As of Q1 2025, Israel Englander held 6,639 positions worth $188B, down 8.2% from $205B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Israel Englander withdrew a net $8.86B in Q1 2025, closing 852 positions and reducing 2,261 holdings. Its most notable exit was Verizon, an estimated $263M position sold in full.
By sector, the portfolio is most concentrated in Financials at 9% of assets, up from 8.3% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Israel Englander opened a new position in Blackrock worth $215M.
- Israel Englander's largest Q1 2025 buy was Blackrock: 227,394 shares worth $215M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q1 2025, an estimated $2.22B increase.
- Israel Englander's biggest Q1 2025 reduction was Broadcom, cutting an estimated $926M.
- Israel Englander fully exited Verizon in Q1 2025, selling an estimated $263M.
- Israel Englander's ten largest holdings make up 16% of its $188B portfolio in Q1 2025.
- Israel Englander opened 739 new positions and closed 852 in Q1 2025.
- Israel Englander's portfolio value fell 8.2% quarter-over-quarter to $188B.
Based on Millennium Management's 13F filing for Q1 2025, filed 15 May 2025.