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 | |
|---|---|---|---|---|---|---|
251
American Express
AXP
$227B
| $140M | 0.08% |
946,952
-424,332
| -31% | -$62.9M |
|
252
Lamb Weston
LW
$7.38B
| $140M | 0.08% |
1,563,675
-732,406
| -32% | -$62.3M |
|
253
TJX Companies
TJX
$155B
| $140M | 0.08% |
1,754,317
+1,296,682
| +283% | +$95.7M |
|
254
United Airlines
UAL
$36.7B
| $140M | 0.08% |
3,703,100
-189,496
| -5% | -$7.69M |
|
255
Chipotle Mexican Grill
CMG
$46.7B
| $140M | 0.08% |
5,027,600
+2,415,700
| +92% | +$72.2M |
|
256
AutoZone
AZO
$48.3B
| $139M | 0.08% |
56,209
+13,256
| +31% | +$32M |
|
257
Sociedad Química y Minera de Chile
SQM
$23.4B
| $139M | 0.08% |
1,736,253
+1,243,972
| +253% | +$115M |
|
258
Illinois Tool Works
ITW
$80.4B
| $139M | 0.08% |
628,985
+447,170
| +246% | +$95.2M |
|
259
Conagra Brands
CAG
$7.89B
| $138M | 0.08% |
3,559,381
+812,655
| +30% | +$29.5M |
|
|
P
260
Everpure Inc
P
$36.1B
| $137M | 0.08% |
5,131,156
+3,547,011
| +224% | +$103M |
|
261
CALL
Philip Morris
PM
$293B
| $137M | 0.08% |
1,349,000
+361,700
| +37% | +$34.1M |
|
262
Jones Lang LaSalle
JLL
$17.8B
| $136M | 0.08% |
856,431
+377,046
| +79% | +$60.1M |
|
263
Republic Services
RSG
$67.6B
| $136M | 0.08% |
1,054,591
+331,618
| +46% | +$44.2M |
|
264
Lincoln National
LNC
$8.07B
| $136M | 0.08% |
4,420,920
+3,155,232
| +249% | +$125M |
|
|
BLD
265
DELISTED
TopBuild
BLD
| $135M | 0.07% |
864,237
+602,416
| +230% | +$95.8M |
|
|
CNH
266
CNH Industrial
CNH
$19.1B
| $135M | 0.07% |
8,381,120
+7,112,598
| +561% | +$102M |
|
|
FITB
267
Fifth Third Bancorp
FITB
$49.7B
| $133M | 0.07% |
4,044,838
+1,506,276
| +59% | +$51.4M |
|
268
PUT
Amgen
AMGN
$238B
| $133M | 0.07% |
505,200
+121,700
| +32% | +$32.6M |
|
269
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $133M | 0.07% |
975,900
-179,600
| -16% | -$23.8M |
|
270
Bio-Rad Laboratories Class A
BIO
$10.2B
| $132M | 0.07% |
315,081
-143,564
| -31% | -$57.9M |
|
271
Axalta
AXTA
$7.75B
| $132M | 0.07% |
5,193,950
+5,107,608
| +5,916% | +$126M |
|
272
KeyCorp
KEY
$23.3B
| $132M | 0.07% |
7,591,487
+4,502,914
| +146% | +$79.2M |
|
273
Southwest Airlines
LUV
$19.8B
| $132M | 0.07% |
3,915,918
+676,120
| +21% | +$24.4M |
|
274
Arrow Electronics
ARW
$10.7B
| $131M | 0.07% |
1,255,591
+258,224
| +26% | +$26.6M |
|
275
Avista
AVA
$3.15B
| $131M | 0.07% |
2,945,495
+2,539,057
| +625% | +$102M |
|
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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.