Hedge Fund - Millennium Management

Israel Englander Bio, Returns, AUM, Net Worth

Founded in 1989, Millennium Management is a New York-based hedge fund manager known for its global multi-strategy approach to investing. The firm employs strategies such as relative value, statistical arbitrage, fixed income, and merger arbitrage/event-driven strategies. Millennium invests across equity, debt, currencies, and derivative instruments worldwide, operating from offices in North America, Europe, and Asia.

Israel Englander graduated from NYU with his undergraduate degree before embarking on an MBA program there, which he left early to begin trading on the AMEX. In 1989, he founded Millennium Management, swiftly growing the company to approximately $13 billion in assets under management by mid-2011. In recent years, Israel Englander has engaged in discussions with various potential buyers to sell a minority stake in his firm, aiming to diversify ownership and monetize his stake. This strategic move is part of his broader plan to transform Millennium from a sole proprietorship, which it has been since its inception, into a more institutionalized entity. At Millennium, Englander employs a platform model where he and his team allocate capital to groups of investors who utilize diverse trading strategies. They refrain from directly discussing investment themes or investing themselves, focusing instead on selecting and funding talented teams.

Millennium Management is a prominent hedge fund managing discretionary assets totaling $505,942,442,915, as disclosed in their Form ADV filed on March 2024. Serving 15 clients, their most recent 13F filing for Q1 2024 reported $234,095,874,779 in managed 13F securities, with a top ten holdings concentration of 16.8%. The fund's largest holding is in iShares Russell 2000 ETF, with 34,732,100 shares held.

Israel Englander
Fund Profile
Filing Period:
Fund Name: Millennium Management
Manager Israel Englander
Portfolio Value $234,095,874,779
Change This QTR +1.01%
Filing Period:
Last update:
No. Security Ticker Shares Value Activity % Port History
1. IEF 34,732,100 $7,304,160,630 -5% 3.12%
2. IEF 24,748,700 $5,204,651,610 +23% 2.22%
Invesco Qqq TrPUTPUT
11,168,200 $4,958,792,482 -17% 2.11%
4. NVDA 44,211,000 $3,994,729,116 -20% 1.7%
5. SPY 6,816,300 $3,565,402,041 -71% 1.52%
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