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 | |
|---|---|---|---|---|---|---|
351
Aramark
ARMK
$15.8B
| $106M | 0.06% |
3,560,000
+82,718
| +2% | +$2.28M |
|
352
PUT
Union Pacific
UNP
$183B
| $106M | 0.06% |
512,900
-332,000
| -39% | -$68.1M |
|
|
STOR
353
DELISTED
STORE Capital Corporation
STOR
| $106M | 0.06% |
3,308,521
+1,984,167
| +150% | +$63M |
|
354
Ares Management
ARES
$31.9B
| $106M | 0.06% |
1,548,424
-532,015
| -26% | -$38.4M |
|
355
Honeywell
HON
$68.4B
| $106M | 0.06% |
524,436
+194,403
| +59% | +$37.1M |
|
356
Regions Financial
RF
$25.9B
| $106M | 0.06% |
4,898,106
+2,108,182
| +76% | +$45.7M |
|
357
PUT
EOG Resources
EOG
$80.3B
| $106M | 0.06% |
814,900
+13,200
| +2% | +$1.76M |
|
358
Evercore
EVR
$11.2B
| $105M | 0.06% |
960,939
+312,452
| +48% | +$32.6M |
|
359
Lennox International
LII
$13.9B
| $104M | 0.06% |
436,384
+186,221
| +74% | +$45.6M |
|
360
CALL
Elevance Health
ELV
$86.9B
| $104M | 0.06% |
203,300
+118,700
| +140% | +$60.3M |
|
361
Procter & Gamble
PG
$336B
| $104M | 0.06% |
688,083
+192,246
| +39% | +$27M |
|
362
Ambarella
AMBA
$3.23B
| $104M | 0.06% |
1,263,189
+262,840
| +26% | +$17.5M |
|
363
C.H. Robinson
CHRW
$16.5B
| $104M | 0.06% |
1,134,265
+796,541
| +236% | +$75.8M |
|
364
Molina Healthcare
MOH
$10.5B
| $104M | 0.06% |
314,233
+110,665
| +54% | +$37.6M |
|
365
PUT
Becton Dickinson
BDX
$52.3B
| $103M | 0.06% |
606,000
-9,100
| -1% | -$2.15M |
|
366
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $102M | 0.06% |
1,374,200
+417,400
| +44% | +$30.4M |
|
|
VMRK
367
Vivmark Residential
VMRK
$25B
| $102M | 0.06% |
1,734,201
+1,363,117
| +367% | +$85.3M |
|
|
CMA
368
DELISTED
Comerica
CMA
| $101M | 0.06% |
1,517,108
+923,864
| +156% | +$64M |
|
369
PUT
Marathon Petroleum
MPC
$101B
| $101M | 0.06% |
870,900
+4,700
| +0.5% | +$536K |
|
370
AGCO
AGCO
$7.48B
| $101M | 0.06% |
725,961
+693,002
| +2,103% | +$85.5M |
|
371
Reliance Steel & Aluminium
RS
$19.8B
| $101M | 0.06% |
496,971
+122,962
| +33% | +$24.5M |
|
372
MaxLinear
MXL
$6.04B
| $100M | 0.06% |
2,959,929
-173,495
| -6% | -$5.88M |
|
373
Neurocrine Biosciences
NBIX
$15.5B
| $100M | 0.06% |
840,340
+267,284
| +47% | +$31.3M |
|
374
Bruker
BRKR
$9.07B
| $99.6M | 0.06% |
1,457,168
+16,587
| +1% | +$1.05M |
|
|
SCHW
375
CALL
Charles Schwab
SCHW
$194B
| $99.6M | 0.06% |
1,195,700
+568,000
| +90% | +$44.1M |
|
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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.