Billionaire Hedge Fund Manager Sells Off Nvidia Stock and Invests in Palantir, Robinhood, and Circle

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TLDR

  • Billionaire Israel Englander offloaded 3 million shares of Nvidia (NVDA), reducing his position by 17%, while doubling his Palantir (PLTR) stake in Q4 2025.
  • Englander additionally purchased shares in Robinhood (HOOD) and Circle Internet Group (CRCL), both of which have fallen significantly from their peak values.
  • Wall Street analysts project a 113% upside for Robinhood and a 206% upside for Circle based on current prices.
  • Palantir is the priciest stock in the S&P 500, trading at 72 times sales—even though it has declined 35% from its all-time high.
  • The stablecoin market is forecast to expand from $315 billion to up to $3 trillion by 2030.

Israel Englander manages Millennium Management, one of Wall Street’s most closely followed hedge funds. Over the past three years, his fund has outperformed the S&P 500 by 38 percentage points.

During Q4 2025, Englander took distinct actions. He sold 3 million Nvidia (NVDA) shares, cutting his position by 17%, and at the same time doubled his stake in Palantir Technologies (PLTR) by purchasing 543,300 shares.

PLTR Stock Card

He also invested in two crypto-related stocks: Robinhood Markets (HOOD) and Circle Internet Group (CRCL). Both have plummeted from their peaks—Robinhood by 50% and Circle by 75%.

These trades were documented in public filings and represent positions from approximately 50 days prior. Investors should consider current market conditions before emulating these moves.

Why Englander Still Holds Nvidia

remains the third-largest holding in Englander’s fund. The sale appears to be more about locking in profits than a lack of faith in the company.

Nvidia leads the AI infrastructure space via its GPUs and CUDA software platform. CEO Jensen Huang has noted that the company provides the highest performance relative to total cost of ownership in the data center market.

Wall Street anticipates Nvidia’s earnings will grow at an annual rate of 38% over the next three years. The stock is trading at 47 times earnings, a multiple analysts view as reasonable given that growth rate.

Palantir’s Numbers Are Strong, But the Price Is High

has experienced accelerating sales growth for 10 consecutive quarters. In Q4, it recorded a Rule of 40 score of 127%, which combines revenue growth and operating margin.

Even so, Palantir is the most costly stock in the S&P 500, trading at 72 times sales—far higher than its nearest competitor. Englander’s stake in Palantir is small; it doesn’t make it into his top 50 holdings.

Crypto Stocks Robinhood and Circle Draw Analyst Attention

runs a trading platform favored by millennial and Gen Z investors. Analysts at Deutsche Bank and Bernstein have set a price target of $160, which suggests a 113% upside from its current price of $75.

Circle (CRCL) issues USDC, the largest fully regulated stablecoin in the U.S. and Europe. Analysts at Needham and Bernstein predict the stock will hit $190, representing a 206% upside from its current $62 price.

The stablecoin market is currently valued at $315 billion. U.S. Treasury Secretary Scott Bessent has indicated it could grow to $3 trillion by 2030.

Circle’s Revenue Model and Growth Outlook

Circle generates the majority of its revenue from interest on the assets that back its stablecoins. It has also introduced the Circle Payments Network for cross-border transactions.

Wall Street projects Circle’s revenue will grow at an annual rate of 33% through 2027. The stock is currently trading at 5.8 times sales. Among 27 analysts, the median price target is $107, which translates to a 73% upside from its current $62 share price.