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 | |
|---|---|---|---|---|---|---|
626
PUT
Ford
F
$57.5B
| $61.8M | 0.03% |
5,313,100
+226,300
| +4% | +$2.91M |
|
|
CTLT
627
DELISTED
CATALENT, INC.
CTLT
| $61.7M | 0.03% |
1,371,201
+749,648
| +121% | +$40.8M |
|
628
Mid-America Apartment Communities
MAA
$15.2B
| $61.6M | 0.03% |
392,393
+201,351
| +105% | +$31.4M |
|
629
GitLab
GTLB
$7.04B
| $61.4M | 0.03% |
1,350,188
+865,315
| +178% | +$39.1M |
|
630
Ryman Hospitality Properties
RHP
$8.86B
| $61.3M | 0.03% |
749,853
+384,336
| +105% | +$32.9M |
|
631
Icon
ICLR
$13.3B
| $61.3M | 0.03% |
315,430
-4,968
| -2% | -$985K |
|
632
Gartner
IT
$12.4B
| $61M | 0.03% |
181,607
-152,708
| -46% | -$49.3M |
|
633
Advanced Drainage Systems
WMS
$10.8B
| $61M | 0.03% |
743,891
-43,546
| -6% | -$4.41M |
|
634
BOK Financial
BOKF
$8.54B
| $61M | 0.03% |
587,487
+252,346
| +75% | +$25.6M |
|
635
American Financial Group
AFG
$11.9B
| $60.9M | 0.03% |
443,824
-55,873
| -11% | -$7.66M |
|
636
Healthpeak Properties
DOC
$14.8B
| $60.8M | 0.03% |
2,426,417
-263,356
| -10% | -$6.4M |
|
637
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $60.7M | 0.03% |
940,600
+310,000
| +49% | +$21.6M |
|
638
Kinder Morgan
KMI
$69B
| $60.6M | 0.03% |
3,349,963
+1,736,580
| +108% | +$31.2M |
|
639
First Industrial Realty Trust
FR
$8.34B
| $60.6M | 0.03% |
1,254,840
+204,256
| +19% | +$9.74M |
|
640
Cullen/Frost Bankers
CFR
$10.2B
| $60.5M | 0.03% |
452,484
+222,027
| +96% | +$31.6M |
|
|
AIMC
641
DELISTED
Altra Industrial Motion Corp
AIMC
| $60.3M | 0.03% |
1,009,095
+533,456
| +112% | +$28M |
|
642
Evolent Health
EVH
$536M
| $60.3M | 0.03% |
2,145,679
+517,941
| +32% | +$14.8M |
|
643
PUT
American International
AIG
$39.8B
| $60.1M | 0.03% |
950,900
+591,500
| +165% | +$34.4M |
|
644
Ciena
CIEN
$56B
| $60M | 0.03% |
1,176,437
+1,150,948
| +4,515% | +$52M |
|
645
Emcor
EME
$34.3B
| $59.9M | 0.03% |
404,335
+225,879
| +127% | +$32.1M |
|
646
PUT
iShares Global Clean Energy ETF
ICLN
$2.2B
| $59.8M | 0.03% |
3,010,500
-97,700
| -3% | -$1.92M |
|
647
Voya Financial
VOYA
$8.86B
| $59.7M | 0.03% |
971,237
+600,633
| +162% | +$38.5M |
|
648
Clorox
CLX
$12.9B
| $59.7M | 0.03% |
425,354
+129,136
| +44% | +$18.3M |
|
649
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $59.6M | 0.03% |
1,534,600
-47,600
| -3% | -$1.83M |
|
650
EXL Service
EXLS
$5.69B
| $59.5M | 0.03% |
1,755,055
-587,570
| -25% | -$20.4M |
|
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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.