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 | |
|---|---|---|---|---|---|---|
26
PUT
ExxonMobil
XOM
$679B
| $414M | 0.25% |
4,745,900
-356,800
| -7% | -$32.6M |
|
27
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $413M | 0.24% |
3,314,100
-903,600
| -21% | -$119M |
|
28
PUT
Advanced Micro Devices
AMD
$773B
| $407M | 0.24% |
6,430,100
-604,200
| -9% | -$51.4M |
|
29
PUT
Palo Alto Networks
PANW
$292B
| $395M | 0.23% |
4,825,800
-32,400
| -0.7% | -$2.81M |
|
30
PUT
UnitedHealth
UNH
$350B
| $388M | 0.23% |
768,400
+399,700
| +108% | +$210M |
|
31
Tesla
TSLA
$1.43T
| $388M | 0.23% |
1,461,903
-307,068
| -17% | -$85.8M |
|
|
ATVI
32
DELISTED
Activision Blizzard
ATVI
| $382M | 0.23% |
5,137,001
+1,301,114
| +34% | +$102M |
|
33
Apple
AAPL
$4.51T
| $369M | 0.22% |
2,667,870
-672
| -0% | -$105K |
|
34
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $363M | 0.22% |
6,120,400
+959,000
| +19% | +$65.4M |
|
35
PUT
JPMorgan Chase
JPM
$935B
| $361M | 0.21% |
3,456,000
+1,009,400
| +41% | +$116M |
|
36
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $360M | 0.21% |
1,347,500
+75,100
| +6% | +$21.4M |
|
|
37
CALL
ExxonMobil
XOM
$679B
| $359M | 0.21% |
4,117,400
+649,400
| +19% | +$59.3M |
|
|
38
Union Pacific
UNP
$183B
| $352M | 0.21% |
1,809,212
+1,626,953
| +893% | +$360M |
|
39
Microsoft
MSFT
$3.59T
| $352M | 0.21% |
1,512,892
+419,315
| +38% | +$111M |
|
40
PUT
Citigroup
C
$221B
| $346M | 0.2% |
8,306,400
+653,200
| +9% | +$32.3M |
|
|
41
Baxter International
BAX
$13.6B
| $339M | 0.2% |
6,298,329
+4,592,676
| +269% | +$276M |
|
42
PUT
Walmart Inc
WMT
$825B
| $335M | 0.2% |
7,746,000
+1,435,500
| +23% | +$62.9M |
|
43
Humana
HUM
$45.5B
| $328M | 0.19% |
675,005
-40,724
| -6% | -$19.8M |
|
44
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $325M | 0.19% |
9,327,678
+1,814,606
| +24% | +$70.8M |
|
45
PUT
NVIDIA
NVDA
$5.2T
| $325M | 0.19% |
26,789,000
-10,618,000
| -28% | -$168M |
|
|
46
CALL
JPMorgan Chase
JPM
$935B
| $321M | 0.19% |
3,069,000
+1,453,800
| +90% | +$167M |
|
47
Boston Scientific
BSX
$73B
| $319M | 0.19% |
8,229,703
-642,184
| -7% | -$25.8M |
|
48
PUT
Bank of America
BAC
$431B
| $311M | 0.18% |
10,290,600
+2,470,800
| +32% | +$82.6M |
|
49
CALL
Alibaba
BABA
$286B
| $306M | 0.18% |
3,821,600
-232,300
| -6% | -$22.1M |
|
50
PUT
T-Mobile US
TMUS
$196B
| $305M | 0.18% |
2,271,400
+40,200
| +2% | +$5.65M |
|
Similar funds
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.