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 |
iShares Bitcoin Trust
IBIT
|
+$651M |
| 2 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$622M |
| 3 |
Merck
MRK
|
+$496M |
| 4 |
Adobe
ADBE
|
+$446M |
| 5 |
CRH
CRH
|
+$410M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.33B |
| 2 |
Microsoft
MSFT
|
+$965M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$542M |
| 4 |
NVIDIA
NVDA
|
+$522M |
| 5 |
Linde
LIN
|
+$377M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.55% |
| 2 | Healthcare | 6.96% |
| 3 | Financials | 6.02% |
| 4 | Industrials | 5.05% |
| 5 | Consumer Discretionary | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
PUT
Marvell Technology
MRVL
$213B
| $142M | 0.06% |
2,006,100
+298,500
| +17% | +$20.4M |
|
302
International Flavors & Fragrances
IFF
$21.5B
| $142M | 0.06% |
1,650,032
+231,617
| +16% | +$18.6M |
|
303
Evergy
EVRG
$18.7B
| $142M | 0.06% |
2,656,626
+546,894
| +26% | +$27.9M |
|
304
Keurig Dr Pepper
KDP
$43.6B
| $142M | 0.06% |
4,622,736
+2,708,241
| +141% | +$83.4M |
|
305
Royalty Pharma
RPRX
$27.3B
| $142M | 0.06% |
4,667,146
+3,052,745
| +189% | +$90M |
|
306
TransDigm Group
TDG
$66.4B
| $141M | 0.06% |
114,830
+84,225
| +275% | +$94.8M |
|
307
JPMorgan Chase
JPM
$935B
| $140M | 0.06% |
701,276
+544,474
| +347% | +$98.2M |
|
308
CALL
Bank of America
BAC
$431B
| $140M | 0.06% |
3,691,700
-1,657,500
| -31% | -$56.9M |
|
|
309
CALL
Merck
MRK
$376B
| $140M | 0.06% |
1,060,700
+238,600
| +29% | +$29.4M |
|
310
CALL
T-Mobile US
TMUS
$196B
| $140M | 0.06% |
857,100
-250,400
| -23% | -$40.8M |
|
311
CALL
Citigroup
C
$221B
| $140M | 0.06% |
2,210,300
-473,500
| -18% | -$26.3M |
|
|
CTRA
312
DELISTED
Coterra Energy
CTRA
| $140M | 0.06% |
5,009,471
+710,971
| +17% | +$18.2M |
|
313
PUT
Ulta Beauty
ULTA
$22.4B
| $139M | 0.06% |
266,700
-11,700
| -4% | -$6.04M |
|
314
GFL Environmental
GFL
$14.8B
| $139M | 0.06% |
4,034,987
-793,605
| -16% | -$27.4M |
|
|
315
PUT
Merck
MRK
$376B
| $139M | 0.06% |
1,054,900
+298,800
| +40% | +$36.8M |
|
|
BNY
316
Bank of New York Mellon
BNY
$108B
| $139M | 0.06% |
2,413,569
+2,051,768
| +567% | +$113M |
|
317
CALL
Costco
COST
$420B
| $139M | 0.06% |
189,700
-44,200
| -19% | -$31.6M |
|
|
318
Marvell Technology
MRVL
$213B
| $139M | 0.06% |
1,959,294
+1,743,268
| +807% | +$119M |
|
319
PUT
Amgen
AMGN
$238B
| $139M | 0.06% |
488,000
+25,900
| +6% | +$7.58M |
|
320
CALL
VanEck Semiconductor ETF
SMH
$66.4B
| $139M | 0.06% |
616,400
-19,200
| -3% | -$3.86M |
|
|
WCN
321
Waste Connections
WCN
$42.6B
| $138M | 0.06% |
804,038
-514,345
| -39% | -$82.7M |
|
322
PUT
EOG Resources
EOG
$80.3B
| $137M | 0.06% |
1,071,900
+48,900
| +5% | +$5.71M |
|
323
Enovis
ENOV
$1.5B
| $137M | 0.06% |
2,191,559
+551,728
| +34% | +$33M |
|
|
JHG
324
DELISTED
Janus Henderson
JHG
| $137M | 0.06% |
4,159,456
+139,153
| +3% | +$4.25M |
|
325
Air Products & Chemicals
APD
$67.9B
| $136M | 0.06% |
562,560
+446,630
| +385% | +$109M |
|
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Israel Englander's Q1 2024 Portfolio in Review
As of Q1 2024, Israel Englander held 6,887 positions worth $234B, up 1.3% from $231B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Israel Englander withdrew a net $25.1B in Q1 2024, closing 745 positions and reducing 2,484 holdings. Its most notable exit was Splunk Inc, an estimated $319M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 8.3% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in iShares Bitcoin Trust worth $844M.
- Israel Englander's largest Q1 2024 buy was iShares Bitcoin Trust: 20,859,447 shares worth $844M.
- Israel Englander added most to Merck in Q1 2024, an estimated $496M increase.
- Israel Englander's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.33B.
- Israel Englander fully exited Splunk Inc in Q1 2024, selling an estimated $319M.
- Israel Englander's ten largest holdings make up 17% of its $234B portfolio in Q1 2024.
- Israel Englander opened 858 new positions and closed 745 in Q1 2024.
- Israel Englander's portfolio value rose 1.3% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q1 2024, filed 15 May 2024.