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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Ryman Hospitality Properties
RHP
$8.86B
| $92.6M | 0.05% |
1,031,719
+281,866
| +38% | +$25M |
|
377
Universal Health Services
UHS
$10.4B
| $91.9M | 0.05% |
723,179
+62,929
| +10% | +$8.68M |
|
378
Spotify
SPOT
$110B
| $91.9M | 0.05% |
687,472
+619,824
| +916% | +$71M |
|
379
PUT
Netflix
NFLX
$331B
| $90.9M | 0.05% |
2,632,000
-495,000
| -16% | -$16.4M |
|
380
West Pharmaceutical
WST
$24.8B
| $90.8M | 0.05% |
262,131
+172,883
| +194% | +$50.5M |
|
381
Ingersoll Rand
IR
$31.2B
| $90.8M | 0.05% |
1,560,790
-734,854
| -32% | -$41.4M |
|
382
Snap
SNAP
$8.86B
| $90M | 0.05% |
8,030,164
+5,811,300
| +262% | +$61.1M |
|
383
Jones Lang LaSalle
JLL
$17.8B
| $90M | 0.05% |
618,476
-237,955
| -28% | -$39.7M |
|
384
Copa Holdings
CPA
$5.88B
| $89.9M | 0.05% |
973,330
+165,125
| +20% | +$15M |
|
385
CALL
RTX Corp
RTX
$283B
| $89.5M | 0.05% |
913,800
-339,100
| -27% | -$33.4M |
|
386
Brown & Brown
BRO
$24.4B
| $89.3M | 0.05% |
1,555,771
-48,671
| -3% | -$2.8M |
|
387
CALL
Union Pacific
UNP
$183B
| $88.9M | 0.05% |
441,500
-81,000
| -16% | -$16.4M |
|
388
TJX Companies
TJX
$155B
| $88.5M | 0.05% |
1,129,868
-624,449
| -36% | -$49.1M |
|
389
Coupang
CPNG
$29.6B
| $88.5M | 0.05% |
5,531,260
-2,710,063
| -33% | -$42M |
|
390
Hasbro
HAS
$13.2B
| $88.5M | 0.05% |
1,648,217
-1,206,898
| -42% | -$69M |
|
391
Everest Group
EG
$14.2B
| $88.2M | 0.05% |
246,221
+53,506
| +28% | +$19.2M |
|
392
Portland General Electric
POR
$5.83B
| $87.6M | 0.05% |
1,792,540
+821,773
| +85% | +$39.3M |
|
393
Autoliv
ALV
$9.18B
| $87.6M | 0.05% |
937,938
-208,497
| -18% | -$18.4M |
|
394
Novartis
NVS
$302B
| $87.1M | 0.05% |
947,222
+934,095
| +7,116% | +$81.6M |
|
395
Leidos
LDOS
$17.7B
| $86.9M | 0.05% |
944,312
-169,046
| -15% | -$16.4M |
|
396
PUT
Walt Disney
DIS
$186B
| $86.7M | 0.05% |
866,100
+381,000
| +79% | +$38.4M |
|
397
3M
MMM
$92.3B
| $86.4M | 0.05% |
982,617
-812,249
| -45% | -$76.6M |
|
398
iShares 20+ Year Treasury Bond ETF
TLT
$46.3B
| $86.1M | 0.05% |
809,433
+4,491
| +0.6% | +$470K |
|
399
Motorola Solutions
MSI
$79.5B
| $85.8M | 0.05% |
299,906
-132,051
| -31% | -$34.8M |
|
400
PUT
Royal Caribbean
RCL
$78.1B
| $85.5M | 0.05% |
1,309,100
-470,800
| -26% | -$31.1M |
|
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Israel Englander's Q1 2023 Portfolio in Review
As of Q1 2023, Israel Englander held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Israel Englander withdrew a net $18.1B in Q1 2023, closing 1,206 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Warner Bros worth $96.9M.
- Israel Englander's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Israel Englander added most to Linde in Q1 2023, an estimated $374M increase.
- Israel Englander's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Israel Englander fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Israel Englander's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Israel Englander opened 987 new positions and closed 1,206 in Q1 2023.
- Israel Englander's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.