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 | |
|---|---|---|---|---|---|---|
651
PUT
Etsy
ETSY
$7.44B
| $52.8M | 0.03% |
527,200
-33,500
| -6% | -$3.42M |
|
652
CALL
Microchip Technology
MCHP
$41.3B
| $52.8M | 0.03% |
864,800
+75,500
| +10% | +$4.96M |
|
653
Autodesk
ADSK
$53.6B
| $52.7M | 0.03% |
282,143
-298,788
| -51% | -$60.4M |
|
654
General Dynamics
GD
$104B
| $52.6M | 0.03% |
247,931
-178,425
| -42% | -$40.3M |
|
655
LivaNova
LIVN
$4.34B
| $52.6M | 0.03% |
1,036,125
-683,141
| -40% | -$40.5M |
|
656
CMS Energy
CMS
$21.4B
| $52.4M | 0.03% |
+899,691
| New | +$60.5M |
|
657
Estee Lauder
EL
$36.9B
| $52.2M | 0.03% |
241,817
+225,291
| +1,363% | +$57.5M |
|
|
PARA
658
DELISTED
Paramount Global Class B
PARA
| $52.1M | 0.03% |
2,737,479
+712,328
| +35% | +$17.1M |
|
659
Honeywell
HON
$68.4B
| $51.9M | 0.03% |
330,033
-30,685
| -9% | -$5.34M |
|
660
Silicon Laboratories
SLAB
$7.27B
| $51.8M | 0.03% |
419,821
+311,570
| +288% | +$41.7M |
|
661
CALL
Lowe's Companies
LOW
$121B
| $51.3M | 0.03% |
273,300
+124,000
| +83% | +$24.2M |
|
662
Delek US
DK
$4.38B
| $51.3M | 0.03% |
1,890,727
+641,190
| +51% | +$16.9M |
|
663
Norfolk Southern
NSC
$78.8B
| $51.3M | 0.03% |
244,748
-247,211
| -50% | -$59.4M |
|
|
GRMN
664
Garmin
GRMN
$56.9B
| $51.1M | 0.03% |
636,776
+118,086
| +23% | +$11.2M |
|
665
CALL
Duke Energy
DUK
$93.4B
| $51.1M | 0.03% |
549,200
+26,200
| +5% | +$2.81M |
|
666
State Street SPDR S&P Biotech ETF
XBI
$11.6B
| $51M | 0.03% |
643,160
+406,618
| +172% | +$34.3M |
|
|
CCXI
667
DELISTED
ChemoCentryx, Inc.
CCXI
| $50.8M | 0.03% |
983,809
+613,117
| +165% | +$25.3M |
|
668
CALL
PNC Financial Services
PNC
$97B
| $50.7M | 0.03% |
339,200
+325,200
| +2,323% | +$52.7M |
|
669
lululemon athletica
LULU
$13.7B
| $50.6M | 0.03% |
180,866
-154,385
| -46% | -$47.9M |
|
670
PUT
CSX Corp
CSX
$95.6B
| $50.5M | 0.03% |
1,894,200
+762,400
| +67% | +$23.7M |
|
671
Okta
OKTA
$23.5B
| $50.5M | 0.03% |
887,270
+607,835
| +218% | +$52.3M |
|
672
Visteon
VC
$2.83B
| $50.3M | 0.03% |
474,021
+134,258
| +40% | +$16M |
|
673
Essential Utilities
WTRG
$11.4B
| $50.2M | 0.03% |
1,212,581
-1,225,608
| -50% | -$59.4M |
|
674
PUT
Intuitive Surgical
ISRG
$134B
| $50.2M | 0.03% |
267,600
+6,700
| +3% | +$1.44M |
|
|
MPT
675
Medical Properties Trust
MPT
$2.46B
| $50.1M | 0.03% |
4,223,209
+2,121,132
| +101% | +$32.1M |
|
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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.