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 |
Invesco QQQ Trust
QQQ
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.23% |
| 2 | Healthcare | 7.53% |
| 3 | Financials | 7.5% |
| 4 | Industrials | 5.83% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HES
576
PUT
DELISTED
Hess
HES
| $67M | 0.04% |
472,200
+155,700
| +49% | +$21.4M |
|
577
Simon Property Group
SPG
$70.6B
| $66.9M | 0.04% |
569,619
+453,732
| +392% | +$50.4M |
|
578
Carlisle Companies
CSL
$14.6B
| $66.9M | 0.04% |
283,747
-271,932
| -49% | -$70M |
|
579
PUT
KLA
KLAC
$240B
| $66.8M | 0.04% |
1,773,000
+1,034,000
| +140% | +$36M |
|
580
Raymond James Financial
RJF
$33.7B
| $66.8M | 0.04% |
625,476
+476,412
| +320% | +$53.5M |
|
581
Polaris
PII
$3.66B
| $66.8M | 0.04% |
661,440
+619,406
| +1,474% | +$64.5M |
|
|
ATVI
582
CALL
DELISTED
Activision Blizzard
ATVI
| $66.7M | 0.04% |
871,100
+517,600
| +146% | +$38.4M |
|
583
Etsy
ETSY
$7.44B
| $66.7M | 0.04% |
556,473
+438,185
| +370% | +$50.1M |
|
584
O'Reilly Automotive
ORLY
$72.1B
| $66.6M | 0.04% |
1,182,855
-493,410
| -29% | -$26.5M |
|
585
PUT
Intuitive Surgical
ISRG
$134B
| $66.3M | 0.04% |
250,000
-17,600
| -7% | -$4.29M |
|
586
Booking.com
BKNG
$158B
| $66.3M | 0.04% |
822,750
-722,200
| -47% | -$54.8M |
|
587
Hyatt Hotels
H
$17B
| $66.3M | 0.04% |
732,534
-672,100
| -48% | -$61.7M |
|
588
PUT
Analog Devices
ADI
$182B
| $66.3M | 0.04% |
403,900
-198,700
| -33% | -$31M |
|
589
Johnson & Johnson
JNJ
$651B
| $66.2M | 0.04% |
374,832
-521,381
| -58% | -$90M |
|
590
Ingredion
INGR
$6.74B
| $66.1M | 0.04% |
675,349
+136,759
| +25% | +$12.6M |
|
591
Datadog
DDOG
$84.6B
| $66.1M | 0.04% |
899,583
+518,267
| +136% | +$40.5M |
|
592
Capital One
COF
$134B
| $66.1M | 0.04% |
711,117
+61,169
| +9% | +$6.01M |
|
593
Ventas
VTR
$47.7B
| $66.1M | 0.04% |
1,466,811
+853,981
| +139% | +$36M |
|
594
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $66M | 0.04% |
1,061,166
+89,326
| +9% | +$5.67M |
|
|
CUTR
595
DELISTED
Cutera, Inc.
CUTR
| $65.9M | 0.04% |
1,490,072
-61,375
| -4% | -$2.8M |
|
|
596
PUT
Chubb
CB
$132B
| $65.8M | 0.04% |
298,400
-3,400
| -1% | -$707K |
|
597
PUT
lululemon athletica
LULU
$13.7B
| $65.4M | 0.04% |
204,200
-32,200
| -14% | -$10.6M |
|
598
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $65.3M | 0.04% |
786,781
+143,621
| +22% | +$11.6M |
|
599
HealthEquity
HQY
$8.81B
| $65.1M | 0.04% |
1,056,752
-300,935
| -22% | -$20.2M |
|
|
600
PUT
DexCom
DXCM
$34.8B
| $65.1M | 0.04% |
575,100
+95,800
| +20% | +$10.5M |
|
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Israel Englander's Q4 2022 Portfolio in Review
As of Q4 2022, Israel Englander held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander's Q4 2022 filing shows 848 new, 2,516 increased, 2,491 reduced and 1,333 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Israel Englander's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Israel Englander added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Israel Englander's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Israel Englander fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Israel Englander's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Israel Englander opened 848 new positions and closed 1,333 in Q4 2022.
- Israel Englander's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.