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 | |
|---|---|---|---|---|---|---|
401
PayPal
PYPL
$52.7B
| $86.7M | 0.05% |
1,006,909
+219,868
| +28% | +$19.5M |
|
402
Cal-Maine
CALM
$3.87B
| $86.6M | 0.05% |
1,558,254
+580,053
| +59% | +$31.7M |
|
403
PUT
S&P Global
SPGI
$127B
| $86.5M | 0.05% |
283,300
-40,400
| -12% | -$14.5M |
|
|
404
PUT
Amgen
AMGN
$238B
| $86.4M | 0.05% |
383,500
+82,200
| +27% | +$19.9M |
|
405
Ashland
ASH
$3.33B
| $86.3M | 0.05% |
909,019
+508,831
| +127% | +$51.7M |
|
|
SCHW
406
PUT
Charles Schwab
SCHW
$194B
| $86.1M | 0.05% |
1,198,200
+695,100
| +138% | +$48.3M |
|
407
PUT
Marathon Petroleum
MPC
$101B
| $86M | 0.05% |
866,200
+600
| +0.1% | +$56.2K |
|
408
Intercontinental Exchange
ICE
$90.5B
| $85.9M | 0.05% |
950,809
-625,042
| -40% | -$62.7M |
|
409
CALL
Morgan Stanley
MS
$336B
| $85.8M | 0.05% |
1,086,300
+377,600
| +53% | +$31.8M |
|
410
PUT
Western Digital
WDC
$166B
| $85.7M | 0.05% |
3,482,268
-120,923
| -3% | -$4.01M |
|
|
ITCI
411
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $85.7M | 0.05% |
1,841,049
+803,772
| +77% | +$42M |
|
412
AbbVie
ABBV
$468B
| $85.5M | 0.05% |
637,278
+548,224
| +616% | +$78.7M |
|
413
CALL
International Paper
IP
$22B
| $85.4M | 0.05% |
2,694,300
+11,900
| +0.4% | +$486K |
|
|
PXD
414
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $85M | 0.05% |
392,600
+12,600
| +3% | +$2.88M |
|
415
Alibaba
BABA
$286B
| $84.9M | 0.05% |
1,061,526
+140,812
| +15% | +$13.4M |
|
416
PUT
Royal Bank of Canada
RY
$285B
| $84.7M | 0.05% |
750,000
| – | – |
|
417
Micron Technology
MU
$1.09T
| $84.5M | 0.05% |
1,687,556
-200,517
| -11% | -$11.6M |
|
418
PUT
SLB Ltd
SLB
$79.9B
| $84.5M | 0.05% |
2,354,200
-398,300
| -14% | -$14.4M |
|
419
DTE Energy
DTE
$28.1B
| $84.3M | 0.05% |
732,829
-254,658
| -26% | -$32.9M |
|
420
Post Holdings
POST
$3.65B
| $84.3M | 0.05% |
1,029,007
+335,068
| +48% | +$29M |
|
|
SWCH
421
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $84.2M | 0.05% |
2,500,436
+531,686
| +27% | +$18M |
|
422
Starbucks
SBUX
$122B
| $84.1M | 0.05% |
997,517
+807,439
| +425% | +$68.6M |
|
423
PUT
Analog Devices
ADI
$182B
| $84M | 0.05% |
602,600
+55,000
| +10% | +$8.7M |
|
424
PUT
Delta Air Lines
DAL
$54.2B
| $83.1M | 0.05% |
2,960,800
-328,300
| -10% | -$10.4M |
|
425
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $82.8M | 0.05% |
1,160,000
+36,500
| +3% | +$2.76M |
|
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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.