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 | |
|---|---|---|---|---|---|---|
601
Nasdaq
NDAQ
$54.9B
| $57.2M | 0.03% |
1,009,742
-1,061,674
| -51% | -$62.4M |
|
602
Hewlett Packard
HPE
$70.8B
| $57.1M | 0.03% |
4,769,373
+4,615,542
| +3,000% | +$62.7M |
|
603
TechnipFMC
FTI
$30.4B
| $57M | 0.03% |
6,742,066
+4,300,892
| +176% | +$33.9M |
|
604
PUT
Ford
F
$57.5B
| $57M | 0.03% |
5,086,800
-110,400
| -2% | -$1.55M |
|
|
HERA
605
DELISTED
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
| $57M | 0.03% |
5,738,996
| – | – |
|
606
PUT
Canadian Imperial Bank of Commerce
CM
$106B
| $56.8M | 0.03% |
940,000
| – | – |
|
607
Expedia Group
EXPE
$38.6B
| $56.7M | 0.03% |
604,826
+292,694
| +94% | +$29.9M |
|
608
Western Digital
WDC
$166B
| $56.6M | 0.03% |
2,301,980
-979,863
| -30% | -$32.5M |
|
609
FMC
FMC
$1.38B
| $56.6M | 0.03% |
535,623
+120,964
| +29% | +$13.1M |
|
610
Owens Corning
OC
$11.7B
| $56.4M | 0.03% |
717,321
+466,017
| +185% | +$39.2M |
|
611
Ambarella
AMBA
$3.23B
| $56.2M | 0.03% |
+1,000,349
| New | +$74.1M |
|
612
Driven Brands
DRVN
$2.17B
| $56.1M | 0.03% |
2,005,216
-119,137
| -6% | -$3.67M |
|
613
Regions Financial
RF
$25.9B
| $56M | 0.03% |
2,789,924
+2,669,157
| +2,210% | +$56.4M |
|
614
Sempra
SRE
$54.2B
| $55.9M | 0.03% |
745,938
-893,516
| -55% | -$72.3M |
|
615
CALL
Intel
INTC
$476B
| $55.9M | 0.03% |
2,169,000
-733,200
| -25% | -$25M |
|
616
CALL
Kimberly-Clark
KMB
$36.4B
| $55.9M | 0.03% |
496,500
+214,500
| +76% | +$27.9M |
|
617
General Mills
GIS
$21.4B
| $55.8M | 0.03% |
728,814
-764,308
| -51% | -$58.3M |
|
618
Lennox International
LII
$13.9B
| $55.7M | 0.03% |
250,163
+129,912
| +108% | +$30.9M |
|
619
Qiagen
QGEN
$9.1B
| $55.7M | 0.03% |
1,271,775
-613,527
| -33% | -$30.3M |
|
620
First Solar
FSLR
$23B
| $55.7M | 0.03% |
420,782
+190,750
| +83% | +$20.4M |
|
621
iShares Russell 1000 ETF
IWB
$49.3B
| $55.6M | 0.03% |
281,930
+3,148
| +1% | +$690K |
|
622
Lincoln National
LNC
$8.07B
| $55.6M | 0.03% |
1,265,688
+372,652
| +42% | +$17.9M |
|
623
Gray Television
GTN
$509M
| $55.5M | 0.03% |
3,878,813
+671,349
| +21% | +$12.3M |
|
624
Coty
COTY
$2.41B
| $55.5M | 0.03% |
8,788,170
+5,313,165
| +153% | +$40.2M |
|
625
CALL
Netflix
NFLX
$331B
| $55.3M | 0.03% |
2,349,000
-718,000
| -23% | -$15.9M |
|
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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.