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 | |
|---|---|---|---|---|---|---|
251
Murphy USA
MUSA
$10.5B
| $124M | 0.07% |
480,752
+125,273
| +35% | +$32.6M |
|
252
US Bancorp
USB
$96.7B
| $124M | 0.07% |
3,440,426
-1,948,300
| -36% | -$86.8M |
|
253
Ross Stores
ROST
$76.7B
| $124M | 0.07% |
1,168,418
+853,932
| +272% | +$95.9M |
|
254
PUT
Morgan Stanley
MS
$336B
| $124M | 0.07% |
1,408,900
-960,500
| -41% | -$89.6M |
|
|
255
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $124M | 0.07% |
2,986,800
+548,800
| +23% | +$23.5M |
|
256
Enphase Energy
ENPH
$5.1B
| $123M | 0.07% |
586,168
-265,644
| -31% | -$57.5M |
|
257
Prologis
PLD
$135B
| $123M | 0.07% |
984,224
+336,998
| +52% | +$41.4M |
|
258
Vale
VALE
$62.1B
| $123M | 0.07% |
7,766,305
+6,212,354
| +400% | +$105M |
|
259
Eaton
ETN
$163B
| $123M | 0.07% |
715,095
-633,236
| -47% | -$105M |
|
260
PUT
Cisco
CSCO
$438B
| $122M | 0.07% |
2,333,900
-918,600
| -28% | -$44.9M |
|
|
FISV
261
PUT
Fiserv Inc
FISV
$28B
| $121M | 0.07% |
1,073,400
-157,400
| -13% | -$17.3M |
|
262
Edwards Lifesciences
EW
$51.8B
| $121M | 0.07% |
1,465,172
-3,068,983
| -68% | -$241M |
|
263
CF Industries
CF
$19.6B
| $121M | 0.07% |
1,671,967
+1,036,381
| +163% | +$84.7M |
|
264
CALL
Amgen
AMGN
$238B
| $121M | 0.07% |
500,700
-78,000
| -13% | -$19.1M |
|
265
Evergy
EVRG
$18.7B
| $120M | 0.07% |
1,970,544
-1,179,538
| -37% | -$71.7M |
|
266
Citigroup
C
$221B
| $120M | 0.07% |
2,558,998
+615,855
| +32% | +$30.2M |
|
267
Devon Energy
DVN
$54B
| $120M | 0.07% |
2,370,899
+2,169,802
| +1,079% | +$124M |
|
268
Autodesk
ADSK
$53.6B
| $120M | 0.07% |
574,816
-115,430
| -17% | -$23.8M |
|
269
Royal Gold
RGLD
$21.9B
| $119M | 0.07% |
919,513
+623,281
| +210% | +$76.8M |
|
270
RTX Corp
RTX
$283B
| $118M | 0.07% |
1,206,812
+402,517
| +50% | +$39.6M |
|
|
MRSH
271
Marsh
MRSH
$91.6B
| $117M | 0.07% |
705,103
+683,961
| +3,235% | +$114M |
|
272
Lamb Weston
LW
$7.38B
| $117M | 0.07% |
1,121,499
-442,176
| -28% | -$43.7M |
|
|
BLD
273
DELISTED
TopBuild
BLD
| $117M | 0.07% |
562,533
-301,704
| -35% | -$58.3M |
|
274
Hershey
HSY
$37.5B
| $117M | 0.07% |
458,742
+236,082
| +106% | +$55.5M |
|
275
CALL
SPDR Gold Trust
GLD
$152B
| $116M | 0.07% |
635,000
+4,800
| +0.8% | +$845K |
|
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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.