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 | |
|---|---|---|---|---|---|---|
326
PUT
Tyson Foods
TSN
$20.6B
| $99.7M | 0.06% |
1,511,600
+621,600
| +70% | +$49.2M |
|
|
CHNG
327
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $99.7M | 0.06% |
3,625,060
-130,605
| -3% | -$3.24M |
|
328
CALL
Texas Instruments
TXN
$241B
| $99.6M | 0.06% |
643,200
+164,900
| +34% | +$27.7M |
|
329
Weyerhaeuser
WY
$17.6B
| $99.5M | 0.06% |
3,482,906
+2,369,121
| +213% | +$80.7M |
|
330
Wendy's
WEN
$1.72B
| $99.3M | 0.06% |
5,314,268
+2,917,072
| +122% | +$58.7M |
|
331
DexCom
DXCM
$34.8B
| $99.3M | 0.06% |
1,232,572
+263,739
| +27% | +$22.3M |
|
332
Mercado Libre
MELI
$97.5B
| $99.1M | 0.06% |
119,773
+63,000
| +111% | +$54.2M |
|
333
PUT
Ulta Beauty
ULTA
$22.4B
| $99M | 0.06% |
246,800
+107,000
| +77% | +$43.1M |
|
334
Eversource Energy
ES
$26.4B
| $98.6M | 0.06% |
1,264,163
+151,163
| +14% | +$13.3M |
|
335
Republic Services
RSG
$67.6B
| $98.4M | 0.06% |
722,973
+712,999
| +7,149% | +$99.6M |
|
336
Walmart Inc
WMT
$825B
| $98M | 0.06% |
2,267,511
+1,026,060
| +83% | +$44.9M |
|
337
Advanced Drainage Systems
WMS
$10.8B
| $97.9M | 0.06% |
787,437
+684,568
| +665% | +$85.2M |
|
338
PUT
SPDR Gold Trust
GLD
$152B
| $97.8M | 0.06% |
632,200
-249,100
| -28% | -$40.1M |
|
339
Morgan Stanley
MS
$336B
| $97.6M | 0.06% |
1,235,258
-1,634,068
| -57% | -$138M |
|
340
Envista
NVST
$4.37B
| $97.3M | 0.06% |
2,967,043
+437,734
| +17% | +$16.6M |
|
341
PUT
General Motors
GM
$77.2B
| $97.1M | 0.06% |
3,026,800
+233,500
| +8% | +$8.57M |
|
342
DuPont de Nemours
DD
$18.7B
| $96.7M | 0.06% |
1,528,213
+1,436,788
| +1,572% | +$103M |
|
343
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $96M | 0.06% |
2,931,400
+79,000
| +3% | +$2.89M |
|
344
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.53B
| $96M | 0.06% |
760,564
-115,864
| -13% | -$16.1M |
|
345
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $95.9M | 0.06% |
2,820,800
-720,400
| -20% | -$27.1M |
|
346
CBRE Group
CBRE
$44B
| $95.9M | 0.06% |
1,420,064
-396,463
| -22% | -$31.4M |
|
347
Antero Resources
AR
$11.7B
| $95.7M | 0.06% |
3,134,717
-763,107
| -20% | -$28.2M |
|
|
SPLK
348
DELISTED
Splunk Inc
SPLK
| $95.7M | 0.06% |
1,272,633
+196,974
| +18% | +$19.3M |
|
349
Public Storage
PSA
$60.2B
| $95.4M | 0.06% |
325,949
+161,356
| +98% | +$52.5M |
|
350
CALL
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $95.3M | 0.06% |
1,904,500
| – | – |
|
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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.