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 | |
|---|---|---|---|---|---|---|
476
PUT
Baidu
BIDU
$31.6B
| $74M | 0.04% |
630,000
-72,400
| -10% | -$9.89M |
|
477
Jazz Pharmaceuticals
JAZZ
$16.5B
| $74M | 0.04% |
555,054
-165,076
| -23% | -$25.1M |
|
478
CALL
Walt Disney
DIS
$186B
| $73.7M | 0.04% |
781,500
-665,500
| -46% | -$71.2M |
|
479
CALL
United Parcel Service
UPS
$86.8B
| $73.7M | 0.04% |
456,000
+119,200
| +35% | +$22.6M |
|
480
PUT
Caterpillar
CAT
$381B
| $73.5M | 0.04% |
448,200
-163,900
| -27% | -$29.9M |
|
|
EA
481
DELISTED
Electronic Arts
EA
| $73.5M | 0.04% |
635,049
+123,196
| +24% | +$15.6M |
|
482
CALL
Visa
V
$693B
| $73.2M | 0.04% |
412,200
+18,500
| +5% | +$3.76M |
|
483
Clean Harbors
CLH
$16.7B
| $73.1M | 0.04% |
664,977
+240,426
| +57% | +$25.7M |
|
484
PUT
Lockheed Martin
LMT
$130B
| $73M | 0.04% |
188,900
-7,500
| -4% | -$3.13M |
|
485
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $72.9M | 0.04% |
1,021,300
+996,300
| +3,985% | +$75.3M |
|
486
PUT
Medtronic
MDT
$119B
| $72.6M | 0.04% |
899,000
+117,600
| +15% | +$10.6M |
|
487
STMicroelectronics
STM
$45.1B
| $72.5M | 0.04% |
2,341,750
+1,839,033
| +366% | +$64.6M |
|
488
Jones Lang LaSalle
JLL
$17.8B
| $72.4M | 0.04% |
479,385
+233,797
| +95% | +$40.7M |
|
489
iShares US Real Estate ETF
IYR
$4.62B
| $72.4M | 0.04% |
888,973
-240,005
| -21% | -$22.7M |
|
490
Sanofi
SNY
$110B
| $72.2M | 0.04% |
1,900,288
+1,798,041
| +1,759% | +$80.1M |
|
|
491
PUT
NXP Semiconductors
NXPI
$56.9B
| $72.2M | 0.04% |
489,200
+61,500
| +14% | +$10.3M |
|
492
Eaton
ETN
$163B
| $72.1M | 0.04% |
540,394
-35,654
| -6% | -$4.99M |
|
493
OR Royalties Inc
OR
$6.76B
| $72M | 0.04% |
7,076,011
-927,799
| -12% | -$9.3M |
|
494
Fortune Brands Innovations
FBIN
$5.32B
| $71.4M | 0.04% |
1,556,374
+550,327
| +55% | +$29.9M |
|
495
Silicon Motion
SIMO
$8.76B
| $71M | 0.04% |
1,088,730
-20,122
| -2% | -$1.58M |
|
496
Lyft
LYFT
$6.61B
| $71M | 0.04% |
5,387,994
+558,217
| +12% | +$8.59M |
|
|
DNB
497
DELISTED
Dun & Bradstreet
DNB
| $70.9M | 0.04% |
5,719,192
+4,782,211
| +510% | +$70.9M |
|
498
Allstate
ALL
$64.2B
| $70.8M | 0.04% |
568,566
+426,459
| +300% | +$53M |
|
499
ON Semiconductor
ON
$28.9B
| $70.8M | 0.04% |
1,135,795
+1,104,572
| +3,538% | +$71.1M |
|
|
CUTR
500
DELISTED
Cutera, Inc.
CUTR
| $70.7M | 0.04% |
1,551,447
+138,505
| +10% | +$6.32M |
|
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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.