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 |
Invesco QQQ Trust
QQQ
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.23% |
| 2 | Healthcare | 7.53% |
| 3 | Financials | 7.5% |
| 4 | Industrials | 5.83% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
226
PUT
Salesforce
CRM
$171B
| $152M | 0.08% |
1,149,300
+162,300
| +16% | +$23.7M |
|
227
CALL
Amgen
AMGN
$238B
| $152M | 0.08% |
578,700
-12,000
| -2% | -$3.22M |
|
228
PUT
Ulta Beauty
ULTA
$22.4B
| $151M | 0.08% |
322,500
+75,700
| +31% | +$32.6M |
|
229
PUT
CVS Health
CVS
$119B
| $150M | 0.08% |
1,612,800
+549,800
| +52% | +$53.1M |
|
230
International Flavors & Fragrances
IFF
$21.5B
| $150M | 0.08% |
1,428,932
+1,361,980
| +2,034% | +$134M |
|
231
CALL
Morgan Stanley
MS
$336B
| $150M | 0.08% |
1,759,900
+673,600
| +62% | +$57.4M |
|
232
Accenture
ACN
$113B
| $149M | 0.08% |
558,990
-336,905
| -38% | -$93.2M |
|
233
PUT
Caterpillar
CAT
$381B
| $149M | 0.08% |
622,400
+174,200
| +39% | +$37.9M |
|
|
SCHW
234
Charles Schwab
SCHW
$194B
| $149M | 0.08% |
1,788,061
-1,618,293
| -48% | -$126M |
|
235
PUT
Abbott
ABT
$202B
| $149M | 0.08% |
1,354,500
-104,500
| -7% | -$10.8M |
|
236
Ally Financial
ALLY
$13.1B
| $148M | 0.08% |
6,058,768
+4,105,417
| +210% | +$109M |
|
237
Elevance Health
ELV
$86.9B
| $148M | 0.08% |
288,389
+34,421
| +14% | +$17.5M |
|
238
TE Connectivity
TEL
$58.9B
| $148M | 0.08% |
1,287,943
+52,780
| +4% | +$6.27M |
|
|
HZNP
239
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $146M | 0.08% |
+1,284,500
| New | +$107M |
|
240
JPMorgan Chase
JPM
$935B
| $145M | 0.08% |
1,082,594
+25,723
| +2% | +$3.26M |
|
|
241
PUT
Elevance Health
ELV
$86.9B
| $145M | 0.08% |
282,900
+29,300
| +12% | +$14.9M |
|
242
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $143M | 0.08% |
3,784,700
-1,726,900
| -31% | -$63.7M |
|
243
CALL
Texas Instruments
TXN
$241B
| $142M | 0.08% |
862,300
+219,100
| +34% | +$36.5M |
|
244
Netflix
NFLX
$331B
| $142M | 0.08% |
4,819,920
-16,370
| -0.3% | -$459K |
|
245
Kimberly-Clark
KMB
$36.4B
| $141M | 0.08% |
1,041,678
+108,498
| +12% | +$13.8M |
|
246
United Therapeutics
UTHR
$22B
| $141M | 0.08% |
508,273
-73,437
| -13% | -$18.5M |
|
247
MongoDB
MDB
$34.7B
| $141M | 0.08% |
714,665
+113,609
| +19% | +$20.2M |
|
248
Zoetis
ZTS
$32.1B
| $140M | 0.08% |
957,411
+349,780
| +58% | +$51.8M |
|
249
Albemarle
ALB
$16.9B
| $140M | 0.08% |
646,719
+43,323
| +7% | +$11.5M |
|
250
Coca-Cola
KO
$392B
| $140M | 0.08% |
2,203,635
-2,177,182
| -50% | -$131M |
|
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Israel Englander's Q4 2022 Portfolio in Review
As of Q4 2022, Israel Englander held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander's Q4 2022 filing shows 848 new, 2,516 increased, 2,491 reduced and 1,333 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Israel Englander's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Israel Englander added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Israel Englander's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Israel Englander fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Israel Englander's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Israel Englander opened 848 new positions and closed 1,333 in Q4 2022.
- Israel Englander's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.