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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $132M | 0.08% |
3,346,960
-5,601,303
| -63% | -$223M |
|
227
Intuitive Surgical
ISRG
$134B
| $132M | 0.08% |
516,493
-852,477
| -62% | -$210M |
|
228
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $132M | 0.08% |
1,002,400
+342,400
| +52% | +$41.1M |
|
229
Ares Management
ARES
$31.9B
| $132M | 0.08% |
1,576,592
+28,168
| +2% | +$2.24M |
|
230
FMC
FMC
$1.38B
| $131M | 0.08% |
1,076,067
+146,564
| +16% | +$18.4M |
|
231
Johnson & Johnson
JNJ
$651B
| $131M | 0.08% |
846,856
+472,024
| +126% | +$76.2M |
|
232
Valero Energy
VLO
$100B
| $131M | 0.08% |
939,594
+543,229
| +137% | +$73M |
|
233
CALL
VanEck Oil Services ETF
OIH
$1.95B
| $131M | 0.07% |
471,000
+85,500
| +22% | +$26.2M |
|
234
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $130M | 0.07% |
1,252,800
+183,000
| +17% | +$17.7M |
|
235
TransDigm Group
TDG
$66.4B
| $130M | 0.07% |
176,115
+142,197
| +419% | +$102M |
|
236
Agilent Technologies
A
$44.9B
| $129M | 0.07% |
930,998
+385,375
| +71% | +$56.3M |
|
237
Starbucks
SBUX
$122B
| $129M | 0.07% |
1,236,676
+1,187,475
| +2,414% | +$124M |
|
|
238
Boeing
BA
$169B
| $129M | 0.07% |
604,932
-1,405,476
| -70% | -$292M |
|
239
CALL
McDonald's
MCD
$192B
| $128M | 0.07% |
458,000
-330,600
| -42% | -$88.6M |
|
240
Cheniere Energy
LNG
$57.3B
| $128M | 0.07% |
810,153
+287,673
| +55% | +$43.4M |
|
241
Coca-Cola Europacific Partners
CCEP
$47.7B
| $127M | 0.07% |
2,153,112
+81,740
| +4% | +$4.57M |
|
242
PUT
Comcast
CMCSA
$95.3B
| $127M | 0.07% |
3,359,800
+3,107,000
| +1,229% | +$117M |
|
243
KLA
KLAC
$240B
| $127M | 0.07% |
3,177,650
+2,408,750
| +313% | +$94.9M |
|
244
CALL
PepsiCo
PEP
$196B
| $126M | 0.07% |
691,500
-657,700
| -49% | -$115M |
|
245
Allstate
ALL
$64.2B
| $125M | 0.07% |
1,131,504
+821,680
| +265% | +$104M |
|
246
Coca-Cola
KO
$392B
| $125M | 0.07% |
2,020,284
-183,351
| -8% | -$11.1M |
|
247
LyondellBasell Industries
LYB
$21.8B
| $125M | 0.07% |
1,333,578
+241,722
| +22% | +$22.5M |
|
248
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $125M | 0.07% |
1,748,500
-839,400
| -32% | -$58.7M |
|
249
Union Pacific
UNP
$183B
| $125M | 0.07% |
619,633
-297,295
| -32% | -$60.3M |
|
250
Sanofi
SNY
$110B
| $124M | 0.07% |
2,286,104
-1,349,580
| -37% | -$65.6M |
|
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Israel Englander's Q1 2023 Portfolio in Review
As of Q1 2023, Israel Englander held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Israel Englander withdrew a net $18.1B in Q1 2023, closing 1,206 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Warner Bros worth $96.9M.
- Israel Englander's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Israel Englander added most to Linde in Q1 2023, an estimated $374M increase.
- Israel Englander's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Israel Englander fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Israel Englander's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Israel Englander opened 987 new positions and closed 1,206 in Q1 2023.
- Israel Englander's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.