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 |
iShares Core S&P 500 ETF
IVV
|
+$4.37B |
| 2 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$488M |
| 3 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$449M |
| 4 |
Apple
AAPL
|
+$402M |
| 5 |
HES
Hess
HES
|
+$377M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.47B |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$1.44B |
| 3 |
NVIDIA
NVDA
|
+$783M |
| 4 |
iShares Russell 2000 ETF
IWM
|
+$722M |
| 5 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$650M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.34% |
| 2 | Healthcare | 6.09% |
| 3 | Financials | 5% |
| 4 | Consumer Discretionary | 4.53% |
| 5 | Industrials | 4.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
551
A.O. Smith
AOS
$8.57B
| $73.5M | 0.03% |
891,864
-1,075,290
| -55% | -$79.3M |
|
552
L3Harris
LHX
$49.7B
| $73.5M | 0.03% |
348,780
-491,059
| -58% | -$92.1M |
|
|
MRO
553
DELISTED
Marathon Oil Corporation
MRO
| $73.4M | 0.03% |
3,038,515
-1,476,750
| -33% | -$38M |
|
554
PUT
Nucor
NUE
$55.3B
| $73.1M | 0.03% |
420,100
+58,500
| +16% | +$9.28M |
|
555
Owens Corning
OC
$11.7B
| $73.1M | 0.03% |
493,186
+392,125
| +388% | +$51.9M |
|
556
PUT
Blackrock
BLK
$179B
| $73.1M | 0.03% |
90,000
+69,300
| +335% | +$48.4M |
|
557
Royal Gold
RGLD
$21.9B
| $72.8M | 0.03% |
602,041
-112,347
| -16% | -$12.7M |
|
|
IAS
558
DELISTED
Integral Ad Science
IAS
| $72.7M | 0.03% |
5,052,974
+4,753,774
| +1,589% | +$63.6M |
|
559
AES
AES
$10.5B
| $72.7M | 0.03% |
3,775,509
-244,788
| -6% | -$3.98M |
|
560
CALL
United States Oil Fund
USO
$2.1B
| $72.6M | 0.03% |
1,089,000
+889,000
| +445% | +$64.5M |
|
561
PUT
Elevance Health
ELV
$86.9B
| $72.5M | 0.03% |
153,800
-72,800
| -32% | -$33.7M |
|
562
Antero Resources
AR
$11.7B
| $72.5M | 0.03% |
3,195,683
+1,119,461
| +54% | +$28.4M |
|
563
Axsome Therapeutics
AXSM
$10.9B
| $72.4M | 0.03% |
909,965
+406,923
| +81% | +$27.2M |
|
564
Royal Caribbean
RCL
$78.1B
| $72.4M | 0.03% |
559,253
-850,761
| -60% | -$86.7M |
|
565
Jazz Pharmaceuticals
JAZZ
$16.5B
| $72.4M | 0.03% |
588,463
+94,533
| +19% | +$11.8M |
|
566
Brown & Brown
BRO
$24.4B
| $72.3M | 0.03% |
1,017,253
-134,056
| -12% | -$9.58M |
|
567
Bank of America
BAC
$431B
| $72.3M | 0.03% |
2,148,012
+231,877
| +12% | +$6.75M |
|
568
Nike
NKE
$60.5B
| $72.2M | 0.03% |
665,210
-1,941,131
| -74% | -$209M |
|
569
O'Reilly Automotive
ORLY
$72.1B
| $72.2M | 0.03% |
1,139,715
-1,193,280
| -51% | -$75.4M |
|
570
Bio-Rad Laboratories Class A
BIO
$10.2B
| $72.1M | 0.03% |
223,242
-153,377
| -41% | -$48.1M |
|
571
PUT
HCA Healthcare
HCA
$92.9B
| $72.1M | 0.03% |
266,200
-115,900
| -30% | -$28.6M |
|
572
LyondellBasell Industries
LYB
$21.8B
| $72M | 0.03% |
757,004
-194,318
| -20% | -$18.2M |
|
573
Darling Ingredients
DAR
$10.4B
| $71.9M | 0.03% |
1,441,933
+1,354,756
| +1,554% | +$61.5M |
|
574
Jefferies Financial Group
JEF
$12.1B
| $71.6M | 0.03% |
1,771,480
+268,279
| +18% | +$9.49M |
|
|
SRC
575
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $71.5M | 0.03% |
1,636,974
+1,595,904
| +3,886% | +$61.6M |
|
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Israel Englander's Q4 2023 Portfolio in Review
As of Q4 2023, Israel Englander held 6,891 positions worth $231B, up 17% from $198B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Israel Englander deployed $7.99B of net new capital in Q4 2023, opening 816 new positions and adding to 2,304 existing holdings. Its largest new stake was Ferguson: 906,589 shares worth $175M.
By sector, the portfolio is most concentrated in Technology at 8.3% of assets, down from 9.2% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $2.47B trimmed.
- Israel Englander's largest Q4 2023 buy was Ferguson: 906,589 shares worth $175M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q4 2023, an estimated $4.37B increase.
- Israel Englander's biggest Q4 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.47B.
- Israel Englander fully exited Activision Blizzard in Q4 2023, selling an estimated $1.44B.
- Israel Englander's ten largest holdings make up 21% of its $231B portfolio in Q4 2023.
- Israel Englander opened 816 new positions and closed 883 in Q4 2023.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $231B.
Based on Millennium Management's 13F filing for Q4 2023, filed 14 Feb 2024.