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 | |
|---|---|---|---|---|---|---|
626
Cardinal Health
CAH
$53.4B
| $55.3M | 0.03% |
829,211
-1,535,372
| -65% | -$97.3M |
|
627
Haemonetics
HAE
$4.95B
| $55M | 0.03% |
743,508
+404,582
| +119% | +$29M |
|
628
PUT
Chubb
CB
$132B
| $54.9M | 0.03% |
301,800
+69,700
| +30% | +$13.2M |
|
629
PUT
Nike
NKE
$60.5B
| $54.8M | 0.03% |
659,200
-84,000
| -11% | -$9.04M |
|
630
Primerica
PRI
$9.1B
| $54.8M | 0.03% |
443,658
-9,070
| -2% | -$1.15M |
|
631
PUT
Cadence Design Systems
CDNS
$87.9B
| $54.5M | 0.03% |
333,300
+303,700
| +1,026% | +$52.2M |
|
632
NiSource
NI
$19.5B
| $54.4M | 0.03% |
2,160,018
-3,061,358
| -59% | -$90.2M |
|
633
TransUnion
TRU
$16.2B
| $54.4M | 0.03% |
+913,930
| New | +$70.3M |
|
634
Ally Financial
ALLY
$13.1B
| $54.4M | 0.03% |
1,953,351
-213,595
| -10% | -$7.09M |
|
635
Lumentum
LITE
$77.7B
| $54.3M | 0.03% |
792,003
+332,654
| +72% | +$27.6M |
|
636
PUT
Paychex
PAYX
$44.3B
| $54.3M | 0.03% |
483,900
+253,000
| +110% | +$31.4M |
|
637
Teck Resources
TECK
$33.9B
| $54.3M | 0.03% |
1,784,012
-686,876
| -28% | -$21.2M |
|
638
Ross Stores
ROST
$76.7B
| $54.2M | 0.03% |
643,511
+515,495
| +403% | +$43.8M |
|
|
DOCU
639
DocuSign
DOCU
$11.8B
| $54M | 0.03% |
1,010,586
-363,549
| -26% | -$22.8M |
|
640
CALL
S&P Global
SPGI
$127B
| $54M | 0.03% |
176,700
-176,600
| -50% | -$63.2M |
|
641
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $53.8M | 0.03% |
1,582,200
-729,200
| -32% | -$27.4M |
|
642
CALL
Dollar General
DG
$27.2B
| $53.6M | 0.03% |
223,600
+99,800
| +81% | +$24.6M |
|
|
LTHM
643
DELISTED
Livent Corporation
LTHM
| $53.5M | 0.03% |
1,744,124
+547,379
| +46% | +$15.3M |
|
644
First Citizens BancShares
FCNCA
$24.7B
| $53.4M | 0.03% |
66,958
+33,823
| +102% | +$26.4M |
|
645
State Street Financial Select Sector SPDR ETF
XLF
$56B
| $53.4M | 0.03% |
1,758,607
+1,250,141
| +246% | +$41.3M |
|
646
Evercore
EVR
$11.2B
| $53.3M | 0.03% |
648,487
+145,048
| +29% | +$13.7M |
|
647
PUT
Moderna
MRNA
$57.9B
| $53.3M | 0.03% |
450,400
-213,700
| -32% | -$32.4M |
|
648
QuidelOrtho
QDEL
$1.01B
| $53.2M | 0.03% |
743,867
+497,269
| +202% | +$44.5M |
|
649
Tyler Technologies
TYL
$14.4B
| $52.9M | 0.03% |
152,356
+68,571
| +82% | +$25.5M |
|
|
CVII
650
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
| $52.9M | 0.03% |
5,380,686
+975,293
| +22% | +$9.56M |
|
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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.