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 | |
|---|---|---|---|---|---|---|
276
Allegion
ALLE
$13.8B
| $113M | 0.07% |
1,265,175
+144,702
| +13% | +$14.3M |
|
277
M&T Bank
MTB
$34.7B
| $113M | 0.07% |
643,304
-185,505
| -22% | -$32.8M |
|
278
CALL
Coca-Cola
KO
$392B
| $113M | 0.07% |
2,011,700
-110,600
| -5% | -$6.87M |
|
279
Domino's
DPZ
$11.3B
| $112M | 0.07% |
361,862
+87,516
| +32% | +$33.2M |
|
280
Johnson Controls International
JCI
$86.7B
| $112M | 0.07% |
2,269,052
+2,191,260
| +2,817% | +$116M |
|
281
Verizon
VZ
$205B
| $112M | 0.07% |
2,940,253
+2,782,053
| +1,759% | +$124M |
|
282
Cooper Companies
COO
$14.9B
| $111M | 0.07% |
1,681,920
+508,736
| +43% | +$39M |
|
|
283
CALL
Union Pacific
UNP
$183B
| $111M | 0.07% |
568,300
+332,000
| +140% | +$73.5M |
|
284
JPMorgan Chase
JPM
$935B
| $110M | 0.07% |
1,056,871
-1,595,126
| -60% | -$183M |
|
285
PUT
MetLife
MET
$60B
| $110M | 0.07% |
1,809,600
+715,500
| +65% | +$45.7M |
|
|
286
Eli Lilly
LLY
$1.12T
| $109M | 0.06% |
338,609
-588,486
| -63% | -$186M |
|
287
CALL
IBM
IBM
$222B
| $109M | 0.06% |
918,200
+236,000
| +35% | +$31M |
|
288
Fidelity National Information Services
FIS
$21.3B
| $108M | 0.06% |
1,429,813
+1,350,913
| +1,712% | +$126M |
|
289
CALL
Merck
MRK
$376B
| $108M | 0.06% |
1,254,100
-140,600
| -10% | -$12.6M |
|
290
PUT
Gilead Sciences
GILD
$181B
| $108M | 0.06% |
1,750,700
+63,000
| +4% | +$3.97M |
|
291
AMN Healthcare
AMN
$1.33B
| $107M | 0.06% |
1,011,641
+331,868
| +49% | +$36.4M |
|
292
Brown-Forman Class B
BF.B
$13.1B
| $107M | 0.06% |
1,605,487
+541,387
| +51% | +$39.4M |
|
293
Thomson Reuters
TRI
$45.7B
| $107M | 0.06% |
985,365
-153,978
| -14% | -$17.9M |
|
294
CALL
Boeing
BA
$169B
| $107M | 0.06% |
879,800
+64,200
| +8% | +$9.85M |
|
295
CALL
Bristol-Myers Squibb
BMY
$137B
| $106M | 0.06% |
1,497,400
+662,600
| +79% | +$48.1M |
|
296
3M
MMM
$92.3B
| $106M | 0.06% |
1,151,271
+248,821
| +28% | +$27.3M |
|
297
PUT
PayPal
PYPL
$52.7B
| $106M | 0.06% |
1,233,600
+81,800
| +7% | +$7.25M |
|
298
PUT
Qualcomm
QCOM
$169B
| $105M | 0.06% |
932,600
-314,900
| -25% | -$43.3M |
|
299
Kimberly-Clark
KMB
$36.4B
| $105M | 0.06% |
933,180
+861,496
| +1,202% | +$112M |
|
300
Yum China
YUMC
$16.9B
| $105M | 0.06% |
2,200,993
+55,537
| +3% | +$2.67M |
|
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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.