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 | |
|---|---|---|---|---|---|---|
376
CALL
Verizon
VZ
$205B
| $90.7M | 0.05% |
2,389,900
+5,300
| +0.2% | +$236K |
|
377
Natera
NTRA
$47.9B
| $90.5M | 0.05% |
2,065,785
-692,096
| -25% | -$32.9M |
|
378
Zoetis
ZTS
$32.1B
| $90.1M | 0.05% |
607,631
+69,467
| +13% | +$11.6M |
|
|
TXNM
379
TXNM Energy Inc
TXNM
$5.9B
| $89.9M | 0.05% |
1,966,318
+35,781
| +2% | +$1.7M |
|
380
EQT Corp
EQT
$33.6B
| $89.9M | 0.05% |
2,205,755
+759,743
| +53% | +$32.9M |
|
381
Conagra Brands
CAG
$7.89B
| $89.6M | 0.05% |
2,746,726
-1,313,130
| -32% | -$45.1M |
|
382
PUT
EOG Resources
EOG
$80.3B
| $89.6M | 0.05% |
801,700
+266,300
| +50% | +$29.9M |
|
|
NLSN
383
DELISTED
Nielsen Holdings plc
NLSN
| $89.6M | 0.05% |
3,230,787
+1,041,150
| +48% | +$27.1M |
|
384
FirstEnergy
FE
$26.6B
| $89.1M | 0.05% |
2,408,858
-515,324
| -18% | -$20.4M |
|
385
Generac Holdings
GNRC
$12.2B
| $89M | 0.05% |
499,684
+424,068
| +561% | +$97.2M |
|
386
PUT
Danaher
DHR
$154B
| $89M | 0.05% |
388,596
+287,414
| +284% | +$70.4M |
|
387
PUT
Cisco
CSCO
$438B
| $88.9M | 0.05% |
2,221,900
-176,600
| -7% | -$7.83M |
|
388
Bank of America
BAC
$431B
| $88.6M | 0.05% |
2,932,747
-2,341,514
| -44% | -$78.3M |
|
389
MetLife
MET
$60B
| $88.4M | 0.05% |
1,454,504
+1,217,156
| +513% | +$77.8M |
|
390
Entergy
ETR
$48.8B
| $88.4M | 0.05% |
1,756,728
+1,264,404
| +257% | +$72.5M |
|
391
Arista Networks
ANET
$238B
| $88M | 0.05% |
3,117,064
-1,134,752
| -27% | -$32.7M |
|
392
PUT
Northrop Grumman
NOC
$78.3B
| $88M | 0.05% |
187,000
+85,000
| +83% | +$40.5M |
|
393
PUT
Applied Materials
AMAT
$391B
| $87.9M | 0.05% |
1,073,400
+22,300
| +2% | +$2.15M |
|
394
HF Sinclair
DINO
$17.3B
| $87.9M | 0.05% |
1,632,601
+170,096
| +12% | +$8.41M |
|
395
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $87.8M | 0.05% |
2,439,200
-154,800
| -6% | -$5.85M |
|
|
SJI
396
DELISTED
South Jersey Industries, Inc.
SJI
| $87.7M | 0.05% |
2,624,242
+1,469,678
| +127% | +$50.1M |
|
397
Morningstar
MORN
$8.1B
| $87.5M | 0.05% |
+412,335
| New | +$98.1M |
|
398
LPL Financial
LPLA
$28.5B
| $87.3M | 0.05% |
399,716
+392,861
| +5,731% | +$83.6M |
|
399
PUT
Starbucks
SBUX
$122B
| $87.1M | 0.05% |
1,034,000
+214,800
| +26% | +$18.2M |
|
400
Cadence Design Systems
CDNS
$87.9B
| $87M | 0.05% |
532,135
-255,770
| -32% | -$44M |
|
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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.