Israel Englander Millennium Management
Israel “Izzy” Englander is the founder of Millennium Management, one of the world’s largest multi-strategy hedge fund platforms. Millennium allocates capital across hundreds of independent teams rather than a single house view, with rigorous risk controls at the platform level. Englander’s model has been highly influential in the rise of pod-shop multi-manager structures across the industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$886M |
| 2 |
Chevron
CVX
|
+$595M |
| 3 |
Union Pacific
UNP
|
+$360M |
| 4 |
Baxter International
BAX
|
+$276M |
| 5 |
Xcel Energy
XEL
|
+$252M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$520M |
| 2 |
NXP Semiconductors
NXPI
|
+$248M |
| 3 |
Oracle
ORCL
|
+$242M |
| 4 |
Amgen
AMGN
|
+$197M |
| 5 |
Eli Lilly
LLY
|
+$186M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 8.19% |
| 2 | Technology | 7.88% |
| 3 | Healthcare | 6.85% |
| 4 | Industrials | 5.04% |
| 5 | Consumer Discretionary | 4.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Interactive Brokers
IBKR
$42.5B
| $127M | 0.08% |
7,942,288
+1,397,856
| +21% | +$21.5M |
|
227
United Airlines
UAL
$36.7B
| $127M | 0.07% |
3,892,596
+336,123
| +9% | +$12.5M |
|
228
CF Industries
CF
$19.6B
| $127M | 0.07% |
1,315,108
-775,089
| -37% | -$75.6M |
|
229
Keysight
KEYS
$53.8B
| $126M | 0.07% |
803,751
+702,029
| +690% | +$112M |
|
230
UnitedHealth
UNH
$350B
| $126M | 0.07% |
249,992
+227,401
| +1,007% | +$120M |
|
231
PUT
McKesson
MCK
$100B
| $126M | 0.07% |
370,700
+8,600
| +2% | +$2.99M |
|
232
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $126M | 0.07% |
437,600
-199,900
| -31% | -$63.5M |
|
233
CALL
Lockheed Martin
LMT
$130B
| $124M | 0.07% |
320,900
+115,200
| +56% | +$48.1M |
|
234
APA Corp
APA
$15.2B
| $123M | 0.07% |
3,591,888
+1,848,342
| +106% | +$66.1M |
|
235
Dow Inc
DOW
$23.4B
| $123M | 0.07% |
2,793,349
+1,193,892
| +75% | +$60.5M |
|
|
SF
236
Stifel
SF
$12.2B
| $123M | 0.07% |
3,543,785
-69,388
| -2% | -$2.73M |
|
237
PUT
Humana
HUM
$45.5B
| $123M | 0.07% |
252,700
+61,100
| +32% | +$29.7M |
|
238
Mastercard
MA
$509B
| $123M | 0.07% |
431,035
+95,590
| +28% | +$31.7M |
|
239
Deere & Co
DE
$175B
| $123M | 0.07% |
367,018
+99,774
| +37% | +$34.2M |
|
240
PUT
Workday
WDAY
$49.4B
| $122M | 0.07% |
804,100
-140,000
| -15% | -$21.9M |
|
241
CALL
Advanced Micro Devices
AMD
$773B
| $122M | 0.07% |
1,929,000
+343,200
| +22% | +$29.2M |
|
242
Abbott
ABT
$202B
| $122M | 0.07% |
1,259,182
-1,334,413
| -51% | -$142M |
|
243
United Therapeutics
UTHR
$22B
| $122M | 0.07% |
581,710
+100,312
| +21% | +$22.4M |
|
|
Y
244
DELISTED
Alleghany Corp
Y
| $122M | 0.07% |
144,758
-11,078
| -7% | -$9.29M |
|
245
Avery Dennison
AVY
$13.9B
| $121M | 0.07% |
746,478
+9,360
| +1% | +$1.7M |
|
|
FISV
246
PUT
Fiserv Inc
FISV
$28B
| $121M | 0.07% |
1,293,400
+317,400
| +33% | +$32.3M |
|
247
Adobe
ADBE
$109B
| $121M | 0.07% |
439,082
-29,648
| -6% | -$11.2M |
|
248
CALL
MetLife
MET
$60B
| $121M | 0.07% |
1,984,000
+1,148,600
| +137% | +$73.4M |
|
|
ATVI
249
PUT
DELISTED
Activision Blizzard
ATVI
| $120M | 0.07% |
1,616,200
+212,200
| +15% | +$16.6M |
|
250
CALL
Cigna
CI
$73.3B
| $120M | 0.07% |
432,200
+149,100
| +53% | +$42M |
|
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Israel Englander's Q3 2022 Portfolio in Review
As of Q3 2022, Israel Englander held 7,917 positions worth $169B, up 4.9% from $161B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Israel Englander deployed $14.7B of net new capital in Q3 2022, opening 1,005 new positions and adding to 2,598 existing holdings. Its largest new stake was Rockwell Automation: 953,525 shares worth $205M.
By sector, the portfolio is most concentrated in Financials at 8.2% of assets, up from 7.7% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Invesco QQQ Trust, an estimated $520M trimmed.
- Israel Englander's largest Q3 2022 buy was Rockwell Automation: 953,525 shares worth $205M.
- Israel Englander added most to Duke Realty Corp. in Q3 2022, an estimated $886M increase.
- Israel Englander's biggest Q3 2022 reduction was Invesco QQQ Trust, cutting an estimated $520M.
- Israel Englander fully exited Coherent Inc in Q3 2022, selling an estimated $114M.
- Israel Englander's ten largest holdings make up 23% of its $169B portfolio in Q3 2022.
- Israel Englander opened 1,005 new positions and closed 906 in Q3 2022.
- Israel Englander's portfolio value rose 4.9% quarter-over-quarter to $169B.
Based on Millennium Management's 13F filing for Q3 2022, filed 14 Nov 2022.