2024-11-13 04:12:00 ET
Billionaire Israel Englander founded Millennium Management in 1989. The firm has since become the second most successful hedge fund in history (behind Ken Griffin's Citadel) in terms of net gains since inception, according to LCH Investments. That makes Englander a good source of inspiration for individual investors.
In the second quarter, Englander sold 7.7 million shares of Palantir Technologies (NYSE: PLTR) , reducing his position by 59%. He simultaneously purchased 553,323 shares of Super Micro Computer (NASDAQ: SMCI) , increasing his stake by 807%. Both stocks have more than doubled since January 2023, though Englander evidently had more conviction in Super Micro during the June quarter.
Here's what investors should know.
