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 | |
|---|---|---|---|---|---|---|
301
PUT
United Airlines
UAL
$36.7B
| $121M | 0.07% |
3,203,100
-1,538,800
| -32% | -$62.4M |
|
302
CALL
Occidental Petroleum Corp Warrants
OXY.WS
$37.1B
| $120M | 0.07% |
2,930,364
+340,089
| +13% | +$15.7M |
|
303
Citizens Financial Group
CFG
$29.4B
| $120M | 0.07% |
3,050,262
+1,738,222
| +132% | +$67.9M |
|
304
Arista Networks
ANET
$238B
| $120M | 0.07% |
3,954,700
+837,636
| +27% | +$25.8M |
|
305
Ingersoll Rand
IR
$31.2B
| $120M | 0.07% |
2,295,644
+2,003,695
| +686% | +$102M |
|
|
XYZ
306
Block Inc
XYZ
$49.4B
| $120M | 0.07% |
1,905,614
+429,190
| +29% | +$26.5M |
|
307
Northrop Grumman
NOC
$78.3B
| $118M | 0.07% |
216,861
+194,902
| +888% | +$102M |
|
308
Robert Half
RHI
$4.58B
| $118M | 0.07% |
1,597,852
+1,529,845
| +2,250% | +$117M |
|
309
PUT
First Solar
FSLR
$23B
| $118M | 0.07% |
786,400
+2,300
| +0.3% | +$341K |
|
310
Deere & Co
DE
$175B
| $118M | 0.07% |
274,510
-92,508
| -25% | -$37.6M |
|
311
PUT
American Express
AXP
$227B
| $118M | 0.07% |
796,200
+104,600
| +15% | +$15.5M |
|
312
lululemon athletica
LULU
$13.7B
| $117M | 0.07% |
366,519
+185,653
| +103% | +$61.1M |
|
|
313
Chevron
CVX
$403B
| $117M | 0.06% |
653,300
-3,258,082
| -83% | -$569M |
|
314
Cintas
CTAS
$81.6B
| $117M | 0.06% |
1,038,524
-985,996
| -49% | -$107M |
|
315
CALL
VanEck Oil Services ETF
OIH
$1.95B
| $117M | 0.06% |
385,500
+50,700
| +15% | +$14.5M |
|
316
Leidos
LDOS
$17.7B
| $117M | 0.06% |
1,113,358
+227,646
| +26% | +$23.3M |
|
317
FMC
FMC
$1.38B
| $116M | 0.06% |
929,503
+393,880
| +74% | +$48.3M |
|
318
CALL
Honeywell
HON
$68.4B
| $115M | 0.06% |
571,773
+148,010
| +35% | +$28.3M |
|
319
Intuit
INTU
$100B
| $115M | 0.06% |
296,257
+242,894
| +455% | +$96.4M |
|
320
Shell
SHEL
$257B
| $115M | 0.06% |
2,019,203
+135,725
| +7% | +$7.48M |
|
321
Coca-Cola Europacific Partners
CCEP
$47.7B
| $115M | 0.06% |
2,071,372
-331,793
| -14% | -$16.7M |
|
322
Wells Fargo
WFC
$254B
| $112M | 0.06% |
2,710,064
-2,163,596
| -44% | -$95.8M |
|
323
Nordson
NDSN
$18.5B
| $112M | 0.06% |
469,789
+448,382
| +2,095% | +$102M |
|
324
Motorola Solutions
MSI
$79.5B
| $111M | 0.06% |
431,957
+342,558
| +383% | +$85.6M |
|
325
Mondelez International
MDLZ
$82.3B
| $111M | 0.06% |
1,666,130
-54,669
| -3% | -$3.46M |
|
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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.