By Trevor Jennewine
Publication Date: 2026-02-21 09:02:00
Hedge fund manager Israel Englander recently sold shares of Nvidia and bought stock in Palantir.
Billionaire Israel Englander runs Millennium Management, a hedge fund that outperformed the S&P 500 (^GSPC +0.69%) by 38 percentage points over the last three years.
In the fourth quarter, Englander sold 3 million shares of Nvidia (NVDA +0.94%), trimming his position 17%. He also bought 543,300 shares of Palantir Technologies (PLTR +0.26%), doubling his stake.
While Englander is a good source of inspiration, the fourth quarter ended about 50 days ago, so investors need to reassess both stocks before making the same trades. Here are the important details.
Image source: Getty Images.
Nvidia: The stock Englander sold in the fourth quarter
Nvidia dominates the market for artificial intelligence (AI) infrastructure. While the company is best known for graphics processing units (GPUs), chips that accelerate AI applications, its greatest strength lies in vertical integration. Nvidia pairs superior GPUs with adjacent data center hardware and software development tools to provide a turnkey solution for AI.
Why does that matter? Nvidia can optimize the performance and power efficiency of data center infrastructure at the system level rather than the component level, which often means its computing platforms come with a lower total cost of ownership (TCO) despite high upfront costs. CEO Jensen Huang recently said, “I’m very confident that Nvidia architecture is the best performance per…
