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 | |
|---|---|---|---|---|---|---|
501
Reinsurance Group of America
RGA
$15.9B
| $68.8M | 0.04% |
518,510
-43,303
| -8% | -$6.14M |
|
502
Service Corp International
SCI
$11.4B
| $68.6M | 0.04% |
997,925
+696,421
| +231% | +$48.1M |
|
503
HealthEquity
HQY
$8.81B
| $68.6M | 0.04% |
1,168,908
+112,156
| +11% | +$6.81M |
|
504
Alphatec Holdings
ATEC
$1.46B
| $68.5M | 0.04% |
4,393,341
+1,625,454
| +59% | +$23M |
|
505
Bank OZK
OZK
$5.39B
| $68.5M | 0.04% |
2,003,851
+594,460
| +42% | +$24.9M |
|
506
Sotera Health
SHC
$5.58B
| $68.4M | 0.04% |
3,816,450
+332,839
| +10% | +$5.56M |
|
507
Nasdaq
NDAQ
$54.9B
| $68M | 0.04% |
1,243,349
-181,516
| -13% | -$10.5M |
|
508
Manhattan Associates
MANH
$12.5B
| $68M | 0.04% |
438,894
-25,129
| -5% | -$3.46M |
|
509
Eastman Chemical
EMN
$8.47B
| $68M | 0.04% |
805,734
+553,742
| +220% | +$47.6M |
|
510
argenx
ARGX
$65B
| $67.9M | 0.04% |
182,372
+82,894
| +83% | +$30.7M |
|
511
PUT
Sun Life Financial
SLF
$44B
| $67.9M | 0.04% |
1,075,000
-475,000
| -31% | -$22.9M |
|
512
CALL
American Express
AXP
$227B
| $67.9M | 0.04% |
411,400
+242,800
| +144% | +$40.3M |
|
513
CALL
Royal Bank of Canada
RY
$285B
| $67.9M | 0.04% |
525,000
+150,000
| +40% | +$14.9M |
|
514
SLB Ltd
SLB
$79.9B
| $67.8M | 0.04% |
1,381,342
-402,548
| -23% | -$21.4M |
|
515
PUT
NXP Semiconductors
NXPI
$56.9B
| $67.7M | 0.04% |
363,000
-161,500
| -31% | -$28.8M |
|
516
Medtronic
MDT
$119B
| $67.6M | 0.04% |
838,714
-320,232
| -28% | -$26.1M |
|
517
CALL
Deere & Co
DE
$175B
| $67.6M | 0.04% |
163,700
-25,900
| -14% | -$10.7M |
|
518
WIX.com
WIX
$3.43B
| $67.5M | 0.04% |
676,632
-219,189
| -24% | -$19.3M |
|
519
Acadia Healthcare
ACHC
$2.59B
| $67.4M | 0.04% |
932,498
+719,854
| +339% | +$56.1M |
|
520
Power Integrations
POWI
$3.08B
| $67.4M | 0.04% |
795,730
+597,239
| +301% | +$49.6M |
|
521
PUT
Boston Scientific
BSX
$73B
| $67.3M | 0.04% |
1,345,400
+75,000
| +6% | +$3.53M |
|
522
Berkshire Hathaway Class B
BRK.B
$1.06T
| $67.2M | 0.04% |
217,689
-7,790
| -3% | -$2.4M |
|
523
Regions Financial
RF
$25.9B
| $66.9M | 0.04% |
3,605,174
-1,292,932
| -26% | -$28.2M |
|
524
Take-Two Interactive
TTWO
$44.8B
| $66.8M | 0.04% |
559,732
-506,705
| -48% | -$56.5M |
|
525
Graco
GGG
$13.1B
| $66.6M | 0.04% |
912,108
-553,358
| -38% | -$38.4M |
|
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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.