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 | Technology | 9.28% |
| 2 | Financials | 7.68% |
| 3 | Healthcare | 6.5% |
| 4 | Industrials | 5.87% |
| 5 | Consumer Discretionary | 4.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $7.34B | 3.13% |
30,335,500
+6,988,700
| +30% | +$1.6B |
|
|
2
PUT
NVIDIA
NVDA
$5.2T
| $5.84B | 2.49% |
31,297,700
+2,244,100
| +8% | +$391M |
|
|
3
iShares Core S&P 500 ETF
IVV
$893B
| $5.02B | 2.14% |
7,499,133
+1,217,370
| +19% | +$784M |
|
4
CALL
Invesco QQQ Trust
QQQ
$486B
| $4.31B | 1.84% |
7,180,400
-583,600
| -8% | -$334M |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $4.11B | 1.76% |
6,850,200
+393,900
| +6% | +$226M |
|
|
6
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $3.56B | 1.52% |
14,717,200
+4,499,500
| +44% | +$1.03B |
|
|
7
NVIDIA
NVDA
$5.2T
| $3.41B | 1.46% |
18,272,514
+10,197,455
| +126% | +$1.78B |
|
8
PUT
Microsoft
MSFT
$3.59T
| $3.18B | 1.36% |
6,146,000
+74,000
| +1% | +$37.7M |
|
9
PUT
Amazon
AMZN
$2.79T
| $2.4B | 1.02% |
10,910,600
-369,500
| -3% | -$83.6M |
|
|
10
PUT
Apple
AAPL
$4.51T
| $2.27B | 0.97% |
8,896,100
+2,792,000
| +46% | +$631M |
|
11
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.83B | 0.78% |
2,485,400
-404,800
| -14% | -$301M |
|
|
12
Apple
AAPL
$4.51T
| $1.79B | 0.76% |
7,015,832
+5,013,875
| +250% | +$1.13B |
|
|
13
Microsoft
MSFT
$3.59T
| $1.78B | 0.76% |
3,432,856
+1,122,436
| +49% | +$573M |
|
14
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $1.55B | 0.66% |
28,846,400
+11,120,100
| +63% | +$589M |
|
15
PUT
Tesla
TSLA
$1.43T
| $1.55B | 0.66% |
3,487,500
-142,900
| -4% | -$49.6M |
|
|
16
CALL
NVIDIA
NVDA
$5.2T
| $1.53B | 0.65% |
8,196,400
-1,615,600
| -16% | -$282M |
|
17
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.51B | 0.64% |
18,584,400
+7,138,000
| +62% | +$575M |
|
|
18
CALL
Microsoft
MSFT
$3.59T
| $1.49B | 0.64% |
2,880,600
-617,400
| -18% | -$315M |
|
19
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $1.48B | 0.63% |
27,776,100
+8,593,600
| +45% | +$432M |
|
|
20
CALL
Apple
AAPL
$4.51T
| $1.36B | 0.58% |
5,325,300
-644,600
| -11% | -$146M |
|
21
iShares Bitcoin Trust
IBIT
$57.7B
| $1.33B | 0.57% |
20,519,106
-915,232
| -4% | -$59.5M |
|
22
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.3B | 0.56% |
5,359,100
-456,100
| -8% | -$95.5M |
|
|
23
CALL
Tesla
TSLA
$1.43T
| $1.11B | 0.47% |
2,500,600
-58,000
| -2% | -$20.1M |
|
|
ETHA
24
iShares Ethereum Trust ETF
ETHA
$7.26B
| $1.07B | 0.46% |
33,924,701
+28,115,038
| +484% | +$834M |
|
25
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $1.07B | 0.46% |
2,305,000
+673,500
| +41% | +$304M |
|
Similar funds
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 Technology at 9.3% of assets, up from 8.7% a quarter earlier, followed by Financials and Healthcare.
- 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.