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 | |
|---|---|---|---|---|---|---|
526
Ameren
AEE
$29.4B
| $66.5M | 0.04% |
825,367
-318,811
| -28% | -$29.1M |
|
527
PUT
Aon
AON
$75.3B
| $66.4M | 0.04% |
247,900
+185,300
| +296% | +$52.4M |
|
528
RPM International
RPM
$13.9B
| $66.2M | 0.04% |
794,485
+722,739
| +1,007% | +$64.2M |
|
529
PUT
lululemon athletica
LULU
$13.7B
| $66.1M | 0.04% |
236,400
+10,500
| +5% | +$3.26M |
|
530
Prologis
PLD
$135B
| $65.9M | 0.04% |
648,671
+457,190
| +239% | +$56.7M |
|
531
Camden Property Trust
CPT
$10.8B
| $65.7M | 0.04% |
549,984
+301,357
| +121% | +$40.2M |
|
532
Reliance Steel & Aluminium
RS
$19.8B
| $65.2M | 0.04% |
374,009
+267,362
| +251% | +$49.1M |
|
533
Ameriprise Financial
AMP
$49.1B
| $65.2M | 0.04% |
258,788
+137,709
| +114% | +$36.2M |
|
534
PUT
Comcast
CMCSA
$95.3B
| $65.2M | 0.04% |
2,222,200
-186,600
| -8% | -$6.98M |
|
535
Lennar Class A
LEN
$21B
| $64.9M | 0.04% |
899,595
-193,003
| -18% | -$15M |
|
536
CALL
Pfizer
PFE
$160B
| $64.4M | 0.04% |
1,472,700
-10,500
| -0.7% | -$510K |
|
537
Viatris
VTRS
$18.7B
| $64.4M | 0.04% |
7,559,670
+6,901,363
| +1,048% | +$67.9M |
|
538
CenterPoint Energy
CNP
$25.5B
| $64.4M | 0.04% |
2,283,769
+626,440
| +38% | +$19.5M |
|
539
Rogers Corp
ROG
$2.26B
| $64.2M | 0.04% |
265,494
-36,268
| -12% | -$9.39M |
|
540
RH
RH
$2.9B
| $64M | 0.04% |
260,255
+5,964
| +2% | +$1.61M |
|
541
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $63.8M | 0.04% |
956,800
+471,100
| +97% | +$34.5M |
|
542
Fidelity National Financial
FNF
$12.7B
| $63.8M | 0.04% |
1,832,905
-1,467,457
| -44% | -$54.8M |
|
543
Ametek
AME
$54.9B
| $63.8M | 0.04% |
562,141
-893,628
| -61% | -$107M |
|
544
Bunge Global
BG
$21.7B
| $63.7M | 0.04% |
771,754
-1,177,711
| -60% | -$110M |
|
545
CALL
PayPal
PYPL
$52.7B
| $63.6M | 0.04% |
739,300
-57,600
| -7% | -$5.11M |
|
546
PUT
Target
TGT
$75.1B
| $63.5M | 0.04% |
427,900
+92,400
| +28% | +$14.8M |
|
547
PUT
Uber
UBER
$161B
| $63.3M | 0.04% |
2,389,300
-635,500
| -21% | -$17.6M |
|
548
Elanco Animal Health
ELAN
$12B
| $63.2M | 0.04% |
5,093,101
+4,126,058
| +427% | +$72.1M |
|
549
PUT
Airbnb
ABNB
$110B
| $63.2M | 0.04% |
601,400
+235,600
| +64% | +$26.1M |
|
550
HEICO Corp Class A
HEI.A
$36.5B
| $63M | 0.04% |
549,863
+120,495
| +28% | +$14.5M |
|
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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.