Billionaire Hedge Fund Manager Shifts Portfolio from Nvidia to Palantir and Crypto-Linked Stocks
Israel Englander's Millennium Management, a hedge fund outperforming the S&P 500 by 38 percentage points over three years, executed significant portfolio adjustments in Q4 2025. The fund sold 3 million Nvidia (NVDA) shares, reducing exposure by 17%, while doubling its Palantir (PLTR) position with a 543,300-share purchase.
Englander simultaneously entered crypto-adjacent equities, acquiring stakes in Robinhood (HOOD) and Circle Internet Group (CRCL) - both trading at steep discounts of 50% and 75% below their all-time highs respectively. Analysts project substantial upside potential: 113% for Robinhood and 206% for Circle at current valuations.
The moves coincide with Palantir trading at a premium 72x sales multiple despite being 35% off its peak, while the stablecoin market shows explosive growth potential - forecasted to expand from $315 billion to $3 trillion by 2030.
