Billionaire Israel Englander Just Reduced Millennium's Stake in Rivian by 95% and Scooped Up This Other Cathie Wood Favorite EV Stock Instead
Archer Aviation (ACHR) The Motley Fool·2024-12-02 14:00
Israel Englander's Millennium Management significantly reduced its position in Rivian and plowed into a flying taxi start-up instead.Israel "Izzy" Englander is a billionaire hedge fund manager and serves as chairman and CEO of Millennium Management. During the third quarter, Millennium made some curious moves among electric vehicle (EV) stocks -- yet surprisingly, I'm not talking about Tesla.According to Millennium's latest 13F filing, Englander and his team trimmed the fund's stake in Rivian Automotive (RI ...