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 | |
|---|---|---|---|---|---|---|
|
TMX
251
DELISTED
Terminix Global Holdings, Inc.
TMX
| $120M | 0.07% |
3,130,690
+361,668
| +13% | +$15.5M |
|
252
Host Hotels & Resorts
HST
$15.9B
| $120M | 0.07% |
7,548,051
-1,140,358
| -13% | -$19.9M |
|
253
Newmont
NEM
$139B
| $120M | 0.07% |
2,846,586
+2,648,265
| +1,335% | +$124M |
|
254
MongoDB
MDB
$34.7B
| $119M | 0.07% |
601,056
+298,218
| +98% | +$87M |
|
255
ServiceNow
NOW
$133B
| $119M | 0.07% |
1,579,490
+1,576,505
| +52,814% | +$142M |
|
256
McKesson
MCK
$100B
| $119M | 0.07% |
350,009
-482,944
| -58% | -$168M |
|
257
CALL
SPDR Gold Trust
GLD
$152B
| $119M | 0.07% |
768,100
+618,100
| +412% | +$99.4M |
|
258
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $118M | 0.07% |
2,112,500
+1,500,000
| +245% | +$93.5M |
|
259
Brookfield
BN
$93.1B
| $118M | 0.07% |
5,360,287
+5,028,902
| +1,518% | +$130M |
|
|
260
Oracle
ORCL
$422B
| $117M | 0.07% |
1,921,599
-3,305,268
| -63% | -$242M |
|
261
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $117M | 0.07% |
1,145,200
+780,000
| +214% | +$87.8M |
|
262
Yum! Brands
YUM
$41.8B
| $117M | 0.07% |
1,097,184
+339,609
| +45% | +$39.4M |
|
263
PUT
Enbridge
ENB
$110B
| $116M | 0.07% |
2,350,000
+525,000
| +29% | +$22.1M |
|
264
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.5B
| $116M | 0.07% |
1,533,684
+1,521,068
| +12,057% | +$122M |
|
|
265
Invesco QQQ Trust
QQQ
$486B
| $116M | 0.07% |
433,307
-1,721,934
| -80% | -$520M |
|
266
Merck
MRK
$376B
| $116M | 0.07% |
1,343,340
-1,634,914
| -55% | -$146M |
|
267
Advance Auto Parts
AAP
$2.57B
| $116M | 0.07% |
739,801
-519,513
| -41% | -$94.9M |
|
268
PUT
Procter & Gamble
PG
$336B
| $116M | 0.07% |
916,000
+90,300
| +11% | +$12.8M |
|
269
AT&T
T
$173B
| $115M | 0.07% |
7,528,319
+1,429,194
| +23% | +$26M |
|
270
Elevance Health
ELV
$86.9B
| $115M | 0.07% |
253,968
+244,691
| +2,638% | +$117M |
|
271
Marvell Technology
MRVL
$213B
| $115M | 0.07% |
2,687,332
-992,363
| -27% | -$49.1M |
|
|
272
PUT
Elevance Health
ELV
$86.9B
| $115M | 0.07% |
253,600
+90,100
| +55% | +$43.1M |
|
273
Emerson Electric
EMR
$87.7B
| $114M | 0.07% |
1,561,028
+531,398
| +52% | +$44.1M |
|
274
Netflix
NFLX
$331B
| $114M | 0.07% |
4,836,290
-2,793,360
| -37% | -$62M |
|
275
Hyatt Hotels
H
$17B
| $114M | 0.07% |
1,404,634
+324,253
| +30% | +$27.6M |
|
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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.