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 | |
|---|---|---|---|---|---|---|
426
Cummins
CMI
$80.9B
| $82.6M | 0.05% |
405,730
+194,049
| +92% | +$41.3M |
|
427
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $82.4M | 0.05% |
1,399,700
+121,800
| +10% | +$7.62M |
|
428
PBF Energy
PBF
$8.72B
| $82.4M | 0.05% |
2,343,124
+353,615
| +18% | +$11.2M |
|
429
J.M. Smucker
SJM
$13.3B
| $82.4M | 0.05% |
599,463
+445,232
| +289% | +$60.7M |
|
430
PUT
FedEx
FDX
$76.9B
| $82.3M | 0.05% |
554,600
-32,500
| -6% | -$6.86M |
|
431
RingCentral
RNG
$5.6B
| $82M | 0.05% |
2,053,076
+399,134
| +24% | +$19.1M |
|
432
CALL
Philip Morris
PM
$293B
| $82M | 0.05% |
987,300
+349,200
| +55% | +$33.3M |
|
|
EXE
433
Expand Energy Corp
EXE
$22.2B
| $82M | 0.05% |
869,885
-61,465
| -7% | -$5.77M |
|
434
HP
HPQ
$27.2B
| $81.8M | 0.05% |
3,282,107
+2,504,769
| +322% | +$76.9M |
|
435
First Horizon
FHN
$11.7B
| $81.8M | 0.05% |
3,571,244
+1,859,901
| +109% | +$42.3M |
|
436
Jabil
JBL
$32.8B
| $81.6M | 0.05% |
1,413,725
+802,805
| +131% | +$46.7M |
|
437
Tapestry
TPR
$26B
| $81.4M | 0.05% |
2,861,438
+1,060,187
| +59% | +$35.4M |
|
|
SBNY
438
DELISTED
Signature Bank
SBNY
| $81.2M | 0.05% |
537,777
+216,068
| +67% | +$39.3M |
|
|
XYZ
439
Block Inc
XYZ
$49.4B
| $81.2M | 0.05% |
1,476,424
+993,886
| +206% | +$70.4M |
|
|
FITB
440
Fifth Third Bancorp
FITB
$49.7B
| $81.1M | 0.05% |
2,538,562
+472,038
| +23% | +$16.3M |
|
441
American Tower
AMT
$81.9B
| $80.8M | 0.05% |
376,133
-54,403
| -13% | -$14M |
|
442
Rogers Communications
RCI
$19.6B
| $80.7M | 0.05% |
2,096,429
+1,459,445
| +229% | +$64.6M |
|
443
Cboe Global Markets
CBOE
$31.4B
| $80.2M | 0.05% |
683,167
+92,876
| +16% | +$11.2M |
|
444
Quanta Services
PWR
$96.1B
| $79.9M | 0.05% |
626,868
+293,348
| +88% | +$40.1M |
|
445
Intel
INTC
$476B
| $79.8M | 0.05% |
3,098,415
+2,486,571
| +406% | +$84.8M |
|
446
PUT
Sun Life Financial
SLF
$44B
| $79.6M | 0.05% |
1,450,000
+800,000
| +123% | +$35.9M |
|
447
CALL
T-Mobile US
TMUS
$196B
| $79.5M | 0.05% |
592,600
+70,800
| +14% | +$9.94M |
|
448
GSK
GSK
$105B
| $79.5M | 0.05% |
2,700,157
+1,345,155
| +99% | +$51M |
|
449
ASML
ASML
$677B
| $79.1M | 0.05% |
190,439
+88,391
| +87% | +$44.3M |
|
450
Sarepta Therapeutics
SRPT
$1.98B
| $78.8M | 0.05% |
712,738
+387,072
| +119% | +$39M |
|
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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.