{
  "id": 3777084,
  "title": "Billionaire Israel Englander's 2 Biggest Bets Are on the S&P 500, and He Just Bought More",
  "url": "https://urgent.news/2026/08/27/billionaire-israel-englanders-2-biggest-bets-are-on-the-s-p-500-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T16:29:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/08/27/billionaire-israel-englander-big-bets-sp-500/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Billionaire investor Israel Englander, the founder of Millennium Management, has two of his largest investments in the iShares Core S&P 500 ETF and the State Street SPDR S&P 500 ETF Trust, both of which track the S&P 500 index. Millennium Management, the hedge fund Englander established in 1989, manages over $92 billion in assets across more than 3,800 holdings. However, Englander believes that investing in such a broad index provides the best diversification at a low cost. In the second quarter, Millennium purchased an additional 1.5 million shares of the iShares Core S&P 500 ETF, bringing its total holding to 1.5 million shares, and bought 4.2 million shares of the SPDR S&P 500 ETF Trust, making it the fund's second-largest holding.",
  "summary": "Even a sophisticated hedge fund relies on the simplicity of index funds.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}