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 | |
|---|---|---|---|---|---|---|
426
PUT
Qualcomm
QCOM
$169B
| $91M | 0.05% |
827,500
-105,100
| -11% | -$12.3M |
|
427
LyondellBasell Industries
LYB
$21.8B
| $90.7M | 0.05% |
1,091,856
+935,629
| +599% | +$76.6M |
|
428
Norfolk Southern
NSC
$78.8B
| $90.5M | 0.05% |
367,286
+122,538
| +50% | +$29M |
|
|
PXD
429
PUT
DELISTED
Pioneer Natural Resource Co.
PXD
| $90.4M | 0.05% |
395,700
+3,100
| +0.8% | +$754K |
|
430
Morningstar
MORN
$8.1B
| $90.4M | 0.05% |
417,175
+4,840
| +1% | +$1.1M |
|
431
Medtronic
MDT
$119B
| $90.1M | 0.05% |
1,158,946
-730,757
| -39% | -$59.2M |
|
432
CALL
Netflix
NFLX
$331B
| $89.8M | 0.05% |
3,045,000
+696,000
| +30% | +$19.5M |
|
433
Trane Technologies
TT
$99.8B
| $89.6M | 0.05% |
533,152
+513,683
| +2,638% | +$84.8M |
|
434
Whirlpool
WHR
$2.63B
| $89.6M | 0.05% |
633,276
+370,554
| +141% | +$52.7M |
|
435
Alkermes
ALKS
$8.11B
| $89.6M | 0.05% |
3,427,885
+2,133,877
| +165% | +$51.1M |
|
436
Patterson-UTI
PTEN
$4.71B
| $89.4M | 0.05% |
5,310,483
+1,846,501
| +53% | +$30.5M |
|
437
Post Holdings
POST
$3.65B
| $89.4M | 0.05% |
990,235
-38,772
| -4% | -$3.46M |
|
|
SJI
438
DELISTED
South Jersey Industries, Inc.
SJI
| $88.6M | 0.05% |
2,492,810
-131,432
| -5% | -$4.54M |
|
439
CALL
Merck
MRK
$376B
| $88.5M | 0.05% |
797,700
-456,400
| -36% | -$46.7M |
|
440
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $88.4M | 0.05% |
1,201,000
+179,700
| +18% | +$13.2M |
|
441
MetLife
MET
$60B
| $88.2M | 0.05% |
1,218,820
-235,684
| -16% | -$16.9M |
|
442
Canadian Pacific Kansas City
CP
$85B
| $88.1M | 0.05% |
+1,180,638
| New | +$88.8M |
|
443
PUT
Royal Caribbean
RCL
$78.1B
| $88M | 0.05% |
1,779,900
-690,000
| -28% | -$36.2M |
|
444
CALL
Mastercard
MA
$509B
| $88M | 0.05% |
253,000
+185,900
| +277% | +$61.2M |
|
445
Citigroup
C
$221B
| $87.9M | 0.05% |
1,943,143
-2,570,700
| -57% | -$117M |
|
446
Autoliv
ALV
$9.18B
| $87.8M | 0.05% |
1,146,435
+854,212
| +292% | +$68.3M |
|
447
CALL
Micron Technology
MU
$1.09T
| $87.4M | 0.05% |
1,749,500
+1,660,500
| +1,866% | +$90.9M |
|
448
Nasdaq
NDAQ
$54.9B
| $87.4M | 0.05% |
1,424,865
+415,123
| +41% | +$25.9M |
|
449
Cal-Maine
CALM
$3.87B
| $87.3M | 0.05% |
1,604,025
+45,771
| +3% | +$2.65M |
|
450
Hartford Financial Services
HIG
$36.9B
| $87.3M | 0.05% |
1,150,958
-485,403
| -30% | -$34.9M |
|
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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.