From Yahoo Finance: 2025-04-28 14:47:00

Billionaire Israel Englander’s hedge fund, Millennium Management, has grown to manage over $75.8 billion in assets under management since its founding in 1989. The firm operates globally with offices in major financial hubs and employs a decentralized model with 330 independent investment teams across various asset classes.

Under Israel Englander’s leadership, Millennium has seen significant growth, managing $204.64 billion in securities as of Q4 2024. The firm’s top ten holdings make up 15.5% of its portfolio, ranking it among the highest-grossing hedge funds with the fourth-largest net gains since inception.

Cenovus Energy Inc. (CVE), a Canadian oil and gas company, stands out among Israel Englander’s stock picks with significant upside potential. In Q4 2024, CVE reported strong financial performance, generating over $2.0 billion in cash from operating activities and maintaining robust production levels in both its Upstream and Downstream segments.

Despite a slight decline in total revenues for Q4, CVE’s full-year 2024 results showed growth driven by higher production volumes and strategic infrastructure developments. The company’s operational achievements solidify its position within the North American energy sector, positioning it as a strong investment opportunity with a 58.28% upside potential.

While CVE ranks 3rd on the list of Englander’s stock picks, there is a belief that AI stocks hold greater promise for higher returns in a shorter timeframe. An AI stock that has shown significant gains since the beginning of 2025 may present a more promising opportunity for investors looking for substantial growth potential.



Read more at Yahoo Finance: Among Billionaire Israel Englander’s Stock Picks with Huge Upside Potential