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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Lincoln National
LNC
$8.19B
| $72.5M | 0.04% |
3,225,318
-1,195,602
| -27% | -$35.5M |
|
477
BJs Wholesale Club
BJ
$12.4B
| $72.4M | 0.04% |
952,038
+606,701
| +176% | +$44.1M |
|
478
Best Buy
BBY
$18.4B
| $72.2M | 0.04% |
922,591
-594,088
| -39% | -$48.9M |
|
479
Air Products & Chemicals
APD
$67.9B
| $72.1M | 0.04% |
251,105
+47,468
| +23% | +$13.9M |
|
|
TXNM
480
TXNM Energy Inc
TXNM
$5.9B
| $72M | 0.04% |
1,478,703
-233,039
| -14% | -$11.4M |
|
481
Wintrust Financial
WTFC
$10.4B
| $72M | 0.04% |
986,709
+477,846
| +94% | +$40.9M |
|
482
Invitation Homes
INVH
$18B
| $71.7M | 0.04% |
2,294,473
+1,690,492
| +280% | +$53M |
|
483
Zoetis
ZTS
$32.1B
| $71.6M | 0.04% |
430,031
-527,380
| -55% | -$86.4M |
|
484
Cognizant
CTSH
$27.7B
| $71.4M | 0.04% |
1,171,817
-1,681,770
| -59% | -$105M |
|
485
HEICO Corp Class A
HEI.A
$36.7B
| $71.4M | 0.04% |
525,154
-56,947
| -10% | -$7.55M |
|
486
Fortinet
FTNT
$112B
| $71.2M | 0.04% |
1,071,903
-2,798,230
| -72% | -$159M |
|
487
Comcast
CMCSA
$95.6B
| $71.2M | 0.04% |
1,878,317
+1,012,253
| +117% | +$38.3M |
|
488
Workday
WDAY
$49.1B
| $71M | 0.04% |
343,841
-162,150
| -32% | -$29.5M |
|
489
Alkermes
ALKS
$8.06B
| $71M | 0.04% |
2,518,518
-909,367
| -27% | -$24.8M |
|
490
EQT Corp
EQT
$33.8B
| $70.7M | 0.04% |
2,215,893
+1,538,372
| +227% | +$49.3M |
|
491
Robert Half
RHI
$4.65B
| $70.7M | 0.04% |
877,080
-720,772
| -45% | -$57.2M |
|
492
PUT
Delta Air Lines
DAL
$55.4B
| $70.5M | 0.04% |
2,020,200
-1,259,400
| -38% | -$46.7M |
|
493
Consolidated Edison
ED
$39.5B
| $70.5M | 0.04% |
736,644
+734,443
| +33,369% | +$68.8M |
|
494
Axalta
AXTA
$7.8B
| $70M | 0.04% |
2,312,418
-2,881,532
| -55% | -$82.8M |
|
495
Graphic Packaging
GPK
$3.53B
| $70M | 0.04% |
2,746,803
-4,944,093
| -64% | -$116M |
|
496
Morningstar
MORN
$8.12B
| $69.7M | 0.04% |
343,481
-73,694
| -18% | -$16.2M |
|
497
Cinemark Holdings
CNK
$4.27B
| $69.6M | 0.04% |
4,708,138
+942,983
| +25% | +$11.4M |
|
498
Infosys
INFY
$48B
| $69.6M | 0.04% |
3,991,187
+2,439,893
| +157% | +$44.4M |
|
499
CALL
Microchip Technology
MCHP
$40.8B
| $69.5M | 0.04% |
830,100
-271,400
| -25% | -$21.6M |
|
500
Vistra
VST
$45.9B
| $69.2M | 0.04% |
2,884,790
+781,236
| +37% | +$18.1M |
|
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Israel Englander's Q1 2023 Portfolio in Review
As of Q1 2023, Israel Englander held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Israel Englander withdrew a net $18.1B in Q1 2023, closing 1,206 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Warner Bros worth $96.9M.
- Israel Englander's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Israel Englander added most to Linde in Q1 2023, an estimated $374M increase.
- Israel Englander's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Israel Englander fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Israel Englander's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Israel Englander opened 987 new positions and closed 1,206 in Q1 2023.
- Israel Englander's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.