Israel Englander’s Hedge Fund Moves: Huge Nvidia Sale, Big Bets on Palantir, Robinhood, and Circle
Israel Englander, the billionaire founder behind Millennium Management, continues to shape market narratives with his high-profile investment strategies. Recent public filings for the fourth quarter of 2025 reveal a series of bold moves: a sizeable reduction in Nvidia holdings, a dramatic increase in Palantir Technologies shares, and significant new positions in crypto-linked stocks Robinhood and Circle Internet Group. These decisions not only highlight Englander’s approach to risk and growth but also offer insights into broader market trends, including AI, fintech, and blockchain-driven finance.
Millennium Management: An Overview of Israel Englander’s Investment Leadership
Founded in 1989, Millennium Management has grown into one of Wall Street’s most scrutinized hedge funds, with approximately $60 billion in assets under management. Under Israel Englander’s leadership, Millennium has consistently outperformed market benchmarks—beating the S&P 500 by 38 percentage points over the past three years. As a result, Englander’s quarterly moves are closely watched for signals about market sentiment and upcoming trends.
Significant Moves: Trimming Nvidia, Doubling Down on Palantir
In Q4 2025, public filings show that Englander cut his Nvidia (NVDA) position by 17%, selling 3 million shares. Despite this reduction, Nvidia remains Millennium’s third-largest holding, signaling that the action is likely profit-taking rather than a crisis of confidence. At the same time, Englander doubled his stake in Palantir Technologies (PLTR), purchasing 543,300 additional shares. Although Palantir is not among Millennium’s top fifty holdings by value, the move reveals increasing conviction in Palantir’s growth story, even at elevated valuations.
Nvidia: Profit-Taking Amid Sustained Market Leadership
Nvidia’s role as a leader in artificial intelligence and data center infrastructure has made its GPUs and CUDA software indispensable for computing giants globally. Under the helm of CEO Jensen Huang, Nvidia continues to deliver on its reputation for high-performance and innovation. Wall Street is optimistic about the company’s prospects, projecting 38% annual earnings growth over the next three years. Nvidia is trading at a forward price-to-earnings ratio of around 47—a valuation considered justified due to its growth trajectory and market dominance. Englander’s decision to sell a portion of his Nvidia shares is widely viewed as locking in gains after a period of sustained price appreciation, not a strategic withdrawal.
Palantir Technologies: Strong Growth Meets Elevated Valuation
Palantir Technologies has reported impressive performance over recent quarters, marked by accelerating sales growth—up for ten straight quarters—and robust profitability. Its Rule of 40 score, which aggregates revenue growth and operating margin, reached 127% in Q4, making it an outlier in the S&P 500. However, this stellar growth comes at a price. Palantir currently trades at 72 times sales, making it the most expensive stock in the S&P 500 by this key metric. The market has factored in high expectations for future performance, even as Palantir shares have dropped 35% from their recent highs. Millennium’s increased position indicates that Englander remains bullish on Palantir’s potential to disrupt the big data and government analytics sectors, despite the premium valuation.
Robinhood and Circle: Betting on Crypto-Linked Fintech
Alongside moves in the AI and data analytics space, Englander has initiated and expanded positions in Robinhood Markets (HOOD) and Circle Internet Group (CRCL)—two companies that sit at the intersection of traditional finance and the emerging crypto economy. Both stocks are far down from their peaks: Robinhood is down about 50% from its highs, and Circle has lost 75% of its value from its zenith. Nevertheless, Wall Street analysts are notably bullish on both companies, forecasting dramatic upside potential.
Robinhood: Young Investors and Growth Upside
Robinhood has carved out a niche by appealing to millennial and Gen Z investors, providing easy access to stocks, options, and cryptocurrencies through its mobile-first platform. Despite recent challenges and sharp price corrections, major financial analysts—including those at Deutsche Bank and Bernstein—have set ambitious price targets for Robinhood. The consensus indicates a potential 113% upside from its current price, with a target price of $160 as compared to its trading price in the mid-70s. Robinhood’s business model, reliant on high user engagement and recurring transaction revenues, aligns it closely with the shifting interests of younger, tech-savvy investors.
Circle Internet Group: The Growth Engine of Regulated Stablecoins
Circle, known for issuing USDC—the largest fully regulated stablecoin in the U.S. and Europe—has established itself as a major player in the evolving landscape of digital finance. USDC is a critical instrument for cross-border payments, decentralized finance (DeFi), and digital commerce, providing a stable, fiat-backed alternative to more volatile cryptocurrencies. Currently, the global stablecoin market is valued at $315 billion, but estimates from sources such as the U.S. Treasury suggest the market could balloon to as much as $3 trillion by 2030. The implications are significant for Circle, whose revenue is primarily generated from earning interest on the assets backing its stablecoins, as well as from facilitating payments through the Circle Payments Network.
Wall Street expects Circle’s revenue to grow at a brisk 33% annually through 2027. Despite the recent share price decline, leading analysts have set price targets as high as $190—a 206% increase from the current level of $62. The median price target among 27 analysts is $107, implying roughly 73% upside. Circle trades at a comparatively modest 5.8 times sales, which looks attractive given its growth outlook and central position in the expanding stablecoin market.
Why Englander’s Moves Matter for Investors
Englander’s trading activity reflects both conviction and prudence. By taking profits in Nvidia, a company still expected to dominate the AI hardware market, he showcases a disciplined approach to portfolio management—capitalizing on strength while still keeping a substantial stake in a market leader. The strong bet on Palantir, even as its valuation remains lofty, highlights a willingness to back companies with strong growth fundamentals, particularly those serving unique niches in government and enterprise analytics. Englander’s pivot toward beaten-down fintech and crypto-adjacent stocks like Robinhood and Circle is particularly notable. Rather than following market fear, he is positioning his fund ahead of what could be new growth cycles, betting on companies that sit at the convergence of regulation, technology, and the changing habits of the next generation of investors.
Analyst Perspectives and Market Outlook
Market observers note that Englander’s recent disclosures reflect positions from roughly 50 days prior—meaning the exact landscape may have shifted in the interim. Nevertheless, analyst sentiment remains bullish on his chosen stocks. For Nvidia, Wall Street continues to see healthy long-term growth thanks to AI demand. Palantir, while expensive, is recognized for its ability to drive revenue and margins in a crowded software landscape. Robinhood’s appeal lies in demographic trends, while Circle benefits from macro-level growth in digital currencies and stablecoin adoption.
The strength of Englander’s performance at Millennium means his moves are often treated as bellwethers. Investors seeking to follow his lead should carefully consider both current price trends and potential volatility, especially with high-growth, high-valuation names. Importantly, Englander’s willingness to enter or expand positions in stocks that have recently underperformed suggests an eye for value and a belief in mean reversion—buying into weakness where significant upside remains possible.
Conclusion: A Strategic Repositioning at the Frontier of Innovation
Israel Englander’s Q4 2025 trades provide a window into the strategic thinking that has kept Millennium Management ahead of the curve. Balancing caution in richly valued leaders like Nvidia and Palantir with optimism for the potential rebounds in Robinhood and Circle demonstrates a nuanced, forward-looking approach. As the stablecoin market accelerates, AI continues to disrupt industry after industry, and digital finance matures, Englander’s portfolio choices serve as a roadmap for investors navigating these exciting but volatile frontiers. The market will be watching closely—as it always does—waiting to see which of these bold bets delivers the greatest returns in the years ahead.
