Israel Englander, the co-founder and CEO of Millennium Management, has spent nearly four decades building one of the most sophisticated and resilient engines in the hedge fund world. As of April 2026, his fund manages a staggering $237 billion in the 13F portfolio, operating on a multi-manager platform that prioritizes risk mitigation over directional bets. The top holdings in the portfolio are concentrated in the technology and financial services sectors. Englander’s investment style is defined by its lack of sentimentality. Unlike traditional stock-pickers who fall in love with a company’s vision, Englander oversees more than 330 independent pods—trading teams that operate across equities, fixed income, and commodities.
READ MORE: 15 Best Stocks to Buy According to Billionaire Ray Dalio.
Englander’s success is rooted in his meritocratic and non-directional philosophy. In a rare public reflection, through an annual investor letter, he has previously noted that what his fund had built was larger than any one person and was designed to endure and thrive. This endurance is enforced by a ruthless risk management system often referred to as the Kill Switch. If a trading pod loses approximately 5% of its capital, its allocation is halved; a 7.5% loss results in the immediate dissolution of the team. This survival of the fittest model allowed Millennium to deliver a 10.5% return in 2025, successfully navigating the early-year volatility of the US trade wars.
READ MORE: 10 Best Stocks to Buy According to Billionaire Paul Tudor Jones.
Israel Englander of Millennium Management
Our Methodology
To compile our list of the best stocks to buy according to billionaire Israel Englander, we reviewed the latest 13F filings of Millennium Management. Next, we focused on the top 10 stocks in his portfolio. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s Q4 2025 database of 1041 elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Israel Englander Stock Portfolio: Top Stock Picks
10. Freeport-McMoRan Inc. (NYSE:FCX)
Millennium Management’s Stake: $809 Million
Freeport-McMoRan Inc. (NYSE:FCX) has been a staple in the 13F portfolio of Millennium Management for more than a decade and a half. The fund first disclosed a stake in the company back in the fourth quarter of 2010. This holding comprised 111,000 shares. In the coming years, it steadily increased, reaching nearly 8 million shares in early 2018. A trimming period followed and by late 2019, the position had been reduced to almost 270,000 shares. The fund then started buying the stock again. Filings for the fourth quarter of 2025 show that the fund owns nearly 16 million shares in the firm, up almost 30% compared to filings for the previous quarter.
Hedge fund interest in Freeport-McMoRan Inc. (NYSE:FCX) has increased in recent months as the firm offers exposure to two high-performing commodities simultaneously. As the world’s largest publicly traded copper producer, FCX is the primary vehicle for hedge funds to bet on the global electrification trend. In 2026, the demand narrative has shifted beyond just EVs to include the massive power requirements of AI data centers and grid-scale battery storage. Unlike pure-play copper miners, FCX’s Grasberg mine in Indonesia is a powerhouse for gold. Hedge funds are using FCX as a geopolitical hedge, as gold prices have remained strong amid global currency volatility.
