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 |
Applovin
APP
|
+$751M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$692M |
| 3 |
Palantir
PLTR
|
+$434M |
| 4 |
Union Pacific
UNP
|
+$377M |
| 5 |
AbbVie
ABBV
|
+$367M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$1.74B |
| 2 |
Meta Platforms (Facebook)
META
|
+$602M |
| 3 |
Bank of America
BAC
|
+$600M |
| 4 |
Wells Fargo
WFC
|
+$568M |
| 5 |
Broadcom
AVGO
|
+$538M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.73% |
| 2 | Financials | 7.42% |
| 3 | Healthcare | 6.65% |
| 4 | Industrials | 6.3% |
| 5 | Consumer Discretionary | 5.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $5.04B | 2.43% |
23,346,800
-2,236,500
| -9% | -$450M |
|
2
PUT
NVIDIA
NVDA
$5.2T
| $4.59B | 2.22% |
29,053,600
+3,557,100
| +14% | +$448M |
|
3
CALL
Invesco QQQ Trust
QQQ
$486B
| $4.28B | 2.07% |
7,764,000
+3,784,200
| +95% | +$1.88B |
|
|
4
iShares Core S&P 500 ETF
IVV
$893B
| $3.9B | 1.88% |
6,281,763
-3,026,507
| -33% | -$1.74B |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $3.56B | 1.72% |
6,456,300
-2,000,900
| -24% | -$995M |
|
6
PUT
Microsoft
MSFT
$3.59T
| $3.02B | 1.46% |
6,072,000
+575,300
| +10% | +$250M |
|
|
7
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.49B | 1.2% |
4,029,800
-1,034,200
| -20% | -$591M |
|
8
PUT
Amazon
AMZN
$2.79T
| $2.47B | 1.2% |
11,280,100
+766,600
| +7% | +$152M |
|
|
9
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.2B | 1.06% |
10,217,700
-514,600
| -5% | -$104M |
|
|
10
PUT
Meta Platforms (Facebook)
META
$1.4T
| $2.13B | 1.03% |
2,890,200
+424,500
| +17% | +$262M |
|
|
11
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.92B | 0.93% |
3,108,700
+1,862,600
| +149% | +$1.06B |
|
|
12
CALL
Microsoft
MSFT
$3.59T
| $1.74B | 0.84% |
3,498,000
+1,225,600
| +54% | +$532M |
|
|
13
CALL
NVIDIA
NVDA
$5.2T
| $1.55B | 0.75% |
9,812,000
-1,494,300
| -13% | -$188M |
|
14
iShares Bitcoin Trust
IBIT
$57.7B
| $1.31B | 0.63% |
21,434,338
+3,847,182
| +22% | +$216M |
|
|
15
NVIDIA
NVDA
$5.2T
| $1.28B | 0.62% |
8,075,059
-1,158,732
| -13% | -$146M |
|
16
PUT
Apple
AAPL
$4.51T
| $1.25B | 0.6% |
6,104,100
-2,105,300
| -26% | -$425M |
|
|
17
CALL
Amazon
AMZN
$2.79T
| $1.23B | 0.59% |
5,593,300
+821,500
| +17% | +$163M |
|
|
18
CALL
Apple
AAPL
$4.51T
| $1.22B | 0.59% |
5,969,900
+224,700
| +4% | +$45.4M |
|
19
PUT
Netflix
NFLX
$331B
| $1.18B | 0.57% |
8,828,000
+3,805,000
| +76% | +$430M |
|
20
PUT
Tesla
TSLA
$1.43T
| $1.15B | 0.56% |
3,630,400
-829,900
| -19% | -$250M |
|
|
21
Microsoft
MSFT
$3.59T
| $1.15B | 0.56% |
2,310,420
+463,801
| +25% | +$201M |
|
22
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.02B | 0.49% |
5,815,200
-2,831,600
| -33% | -$464M |
|
|
23
Amazon
AMZN
$2.79T
| $995M | 0.48% |
4,536,051
-20,852
| -0.5% | -$4.13M |
|
24
PUT
Advanced Micro Devices
AMD
$773B
| $968M | 0.47% |
6,821,900
+372,400
| +6% | +$40.5M |
|
|
25
CALL
Meta Platforms (Facebook)
META
$1.4T
| $932M | 0.45% |
1,262,900
-215,900
| -15% | -$133M |
|
Similar funds
Israel Englander's Q2 2025 Portfolio in Review
As of Q2 2025, Israel Englander held 6,516 positions worth $207B, up 10% from $188B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Israel Englander's Q2 2025 filing shows 738 new, 2,295 increased, 2,418 reduced and 712 closed positions. Its largest new stake was Bank of America Series L: 164,000 shares worth $197K. The largest sale was iShares Core S&P 500 ETF, an estimated $1.74B.
By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.8% a quarter earlier, followed by Financials and Healthcare.
- Israel Englander's largest Q2 2025 buy was Bank of America Series L: 164,000 shares worth $197K.
- Israel Englander added most to Applovin in Q2 2025, an estimated $751M increase.
- Israel Englander's biggest Q2 2025 reduction was iShares Core S&P 500 ETF, cutting an estimated $1.74B.
- Israel Englander fully exited Discover Financial Services in Q2 2025, selling an estimated $282M.
- Israel Englander's ten largest holdings make up 16% of its $207B portfolio in Q2 2025.
- Israel Englander opened 738 new positions and closed 712 in Q2 2025.
- Israel Englander's portfolio value rose 10% quarter-over-quarter to $207B.
Based on Millennium Management's 13F filing for Q2 2025, filed 14 Aug 2025.