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 | |
|---|---|---|---|---|---|---|
351
NextEra Energy
NEE
$174B
| $95M | 0.06% |
1,211,949
+560,168
| +86% | +$47.5M |
|
352
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $95M | 0.06% |
1,423,832
+460,641
| +48% | +$33.8M |
|
353
Williams Companies
WMB
$86.2B
| $95M | 0.06% |
3,316,513
+2,369,121
| +250% | +$77.2M |
|
354
Agilent Technologies
A
$44.9B
| $94.7M | 0.06% |
779,202
-146,391
| -16% | -$18.8M |
|
355
Mondelez International
MDLZ
$82.3B
| $94.4M | 0.06% |
1,720,799
+788,836
| +85% | +$49M |
|
356
Shell
SHEL
$257B
| $93.7M | 0.06% |
1,883,478
-1,446,854
| -43% | -$74.6M |
|
357
PUT
Royal Caribbean
RCL
$78.1B
| $93.6M | 0.06% |
2,469,900
+1,327,800
| +116% | +$53.8M |
|
358
ResMed
RMD
$33.4B
| $93.6M | 0.06% |
428,598
+149,194
| +53% | +$34M |
|
359
CALL
Workday
WDAY
$49.4B
| $93.5M | 0.06% |
614,400
+425,800
| +226% | +$66.6M |
|
360
PUT
Lam Research
LRCX
$393B
| $93.4M | 0.06% |
2,551,000
-84,000
| -3% | -$3.74M |
|
361
Arch Capital
ACGL
$33.9B
| $93.3M | 0.06% |
2,049,151
+1,375,679
| +204% | +$62.1M |
|
362
PUT
American Express
AXP
$227B
| $93.3M | 0.06% |
691,600
+94,300
| +16% | +$14.3M |
|
363
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $93.2M | 0.06% |
324,547
+175,500
| +118% | +$55.8M |
|
364
WEX
WEX
$6.81B
| $93M | 0.06% |
732,837
+338,591
| +86% | +$53.2M |
|
365
Illumina
ILMN
$33.1B
| $92.9M | 0.06% |
500,695
+428,012
| +589% | +$84.7M |
|
366
PUT
Becton Dickinson
BDX
$52.3B
| $92.7M | 0.05% |
615,100
+209,800
| +52% | +$52.2M |
|
367
Gartner
IT
$12.4B
| $92.5M | 0.05% |
334,315
-629,250
| -65% | -$176M |
|
368
Sun Communities
SUI
$14.8B
| $92.1M | 0.05% |
680,391
+323,385
| +91% | +$51.1M |
|
369
AutoZone
AZO
$48.3B
| $92M | 0.05% |
42,953
+3,408
| +9% | +$7.42M |
|
370
Arrow Electronics
ARW
$10.7B
| $91.9M | 0.05% |
997,367
+96,675
| +11% | +$10.6M |
|
|
LSI
371
DELISTED
Life Storage, Inc.
LSI
| $91.8M | 0.05% |
829,076
+129,356
| +18% | +$15.9M |
|
372
HealthEquity
HQY
$8.81B
| $91.2M | 0.05% |
1,357,687
+454,643
| +50% | +$28.8M |
|
|
NVO
373
Novo Nordisk
NVO
$207B
| $91.2M | 0.05% |
1,829,946
-713,782
| -28% | -$38.2M |
|
374
Tenet Healthcare
THC
$22.6B
| $91M | 0.05% |
1,763,530
-1,257,885
| -42% | -$74.7M |
|
375
PUT
RTX Corp
RTX
$283B
| $90.9M | 0.05% |
1,110,400
+156,900
| +16% | +$14.2M |
|
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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.