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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Unilever
UL
$141B
| $55.5M | 0.03% |
+949,162
| New | +$53.9M |
|
627
Teledyne Technologies
TDY
$29B
| $55.4M | 0.03% |
123,933
-22,374
| -15% | -$9.48M |
|
628
AerCap
AER
$23.2B
| $55.3M | 0.03% |
983,785
+933,018
| +1,838% | +$55.8M |
|
629
Rogers Communications
RCI
$19.7B
| $55.3M | 0.03% |
1,194,961
+874,618
| +273% | +$41.5M |
|
|
ABB
630
DELISTED
ABB Ltd
ABB
| $55.2M | 0.03% |
1,608,956
+1,012,402
| +170% | +$33.9M |
|
631
First Industrial Realty Trust
FR
$8.41B
| $55.1M | 0.03% |
1,035,492
-219,348
| -17% | -$11.4M |
|
632
CALL
Occidental Petroleum
OXY
$60.1B
| $55M | 0.03% |
880,300
+372,500
| +73% | +$23.1M |
|
633
CALL
Intel
INTC
$461B
| $54.9M | 0.03% |
1,681,400
-889,400
| -35% | -$25.2M |
|
634
Caesars Entertainment
CZR
$6.04B
| $54.9M | 0.03% |
1,124,277
-40,245
| -3% | -$1.97M |
|
635
PagerDuty
PD
$956M
| $54.8M | 0.03% |
1,567,621
+1,487,159
| +1,848% | +$43.7M |
|
636
Teva Pharmaceuticals
TEVA
$43B
| $54.8M | 0.03% |
6,194,846
+5,158,012
| +497% | +$51M |
|
637
MetLife
MET
$61.1B
| $54.8M | 0.03% |
945,013
-273,807
| -22% | -$18.5M |
|
638
DuPont de Nemours
DD
$18.5B
| $54.7M | 0.03% |
607,401
-328,379
| -35% | -$29.9M |
|
639
Okta
OKTA
$22.8B
| $54.7M | 0.03% |
634,421
-789,678
| -55% | -$60.1M |
|
640
Flex
FLEX
$39.4B
| $54.4M | 0.03% |
3,136,954
-3,561,060
| -53% | -$61.6M |
|
641
PUT
Kraft Heinz
KHC
$30.4B
| $54.4M | 0.03% |
1,405,900
-422,000
| -23% | -$16.7M |
|
642
Encompass Health
EHC
$11.9B
| $54.4M | 0.03% |
1,004,767
+24,415
| +2% | +$1.42M |
|
643
CALL
Ulta Beauty
ULTA
$23.2B
| $54.3M | 0.03% |
99,500
-18,000
| -15% | -$9.24M |
|
644
Broadridge
BR
$21.1B
| $54.1M | 0.03% |
368,862
+355,822
| +2,729% | +$50.9M |
|
645
Arbor Realty Trust
ABR
$979M
| $54M | 0.03% |
4,701,906
+2,522,248
| +116% | +$35M |
|
646
Copart
CPRT
$30.8B
| $54M | 0.03% |
1,436,138
+584,472
| +69% | +$19.9M |
|
647
Flywire
FLYW
$2.36B
| $53.9M | 0.03% |
1,835,281
-730,987
| -28% | -$19.3M |
|
648
Par Pacific Holdings
PARR
$3.72B
| $53.8M | 0.03% |
1,842,341
+320,939
| +21% | +$8.57M |
|
649
PUT
McKesson
MCK
$102B
| $53.8M | 0.03% |
151,000
-257,400
| -63% | -$93M |
|
650
Omnicom Group
OMC
$24.4B
| $53.7M | 0.03% |
569,322
+522,798
| +1,124% | +$46.3M |
|
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Israel Englander's Q1 2023 Portfolio in Review
As of Q1 2023, Israel Englander held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Israel Englander withdrew a net $18.1B in Q1 2023, closing 1,206 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Warner Bros worth $96.9M.
- Israel Englander's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Israel Englander added most to Linde in Q1 2023, an estimated $374M increase.
- Israel Englander's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Israel Englander fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Israel Englander's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Israel Englander opened 987 new positions and closed 1,206 in Q1 2023.
- Israel Englander's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.