Billionaire Israel Englander, the legendary investor behind Millennium Management, one of the most successful hedge funds in history, has once again rewritten the playbook for investors. Despite Nvidia’s (NVDA) 400%-plus rally over the past two years, fueled by voracious demand for its AI platforms, Englander strategically pared down his exposure by offloading 1.1 million shares - a 10% reduction that still leaves Nvidia as a notable, albeit fifth, holding.
Meanwhile, he aggressively doubled down on AppLovin (APP), scooping up 808,973 shares, catapulting it into Millennium’s top 20 holdings. AppLovin’s prowess lies in its ad tech software, empowering mobile developers and CTV publishers.
