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 | |
|---|---|---|---|---|---|---|
701
CALL
Linde
LIN
$225B
| $48.1M | 0.03% |
178,500
+107,900
| +153% | +$31M |
|
702
PUT
Corteva
CTVA
$54.6B
| $48M | 0.03% |
840,200
+104,000
| +14% | +$6.06M |
|
703
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $47.9M | 0.03% |
1,595,000
-320,000
| -17% | -$9.92M |
|
704
Franco-Nevada
FNV
$51.3B
| $47.9M | 0.03% |
401,052
-140,440
| -26% | -$17.7M |
|
705
Broadstone Net Lease
BNL
$4.32B
| $47.9M | 0.03% |
3,083,965
+1,463,205
| +90% | +$29.7M |
|
706
PUT
Mercado Libre
MELI
$97.5B
| $47.8M | 0.03% |
57,700
-30,900
| -35% | -$26.6M |
|
707
PUT
O'Reilly Automotive
ORLY
$72.1B
| $47.6M | 0.03% |
1,015,500
+919,500
| +958% | +$42.9M |
|
|
GTM
708
ZoomInfo Technologies
GTM
$1.16B
| $47.6M | 0.03% |
1,142,428
+308,541
| +37% | +$13.1M |
|
709
Aecom
ACM
$8.34B
| $47.6M | 0.03% |
695,847
-61,249
| -8% | -$4.34M |
|
710
PUT
HCA Healthcare
HCA
$92.9B
| $47.5M | 0.03% |
258,500
+99,700
| +63% | +$19.9M |
|
711
iShares Global Clean Energy ETF
ICLN
$2.2B
| $47.5M | 0.03% |
2,486,952
+458,854
| +23% | +$9.78M |
|
712
Vanguard Real Estate ETF
VNQ
$39.1B
| $47.3M | 0.03% |
590,341
+211,157
| +56% | +$19.7M |
|
713
Rollins
ROL
$17.8B
| $47.2M | 0.03% |
+1,361,761
| New | +$49.1M |
|
714
Aon
AON
$75.3B
| $47.2M | 0.03% |
176,121
-423,648
| -71% | -$120M |
|
715
PUT
Deere & Co
DE
$175B
| $47.1M | 0.03% |
141,100
+45,900
| +48% | +$15.7M |
|
716
First Industrial Realty Trust
FR
$8.34B
| $47.1M | 0.03% |
1,050,584
+388,878
| +59% | +$19.7M |
|
|
FRC
717
DELISTED
First Republic Bank
FRC
| $46.7M | 0.03% |
357,521
+277,771
| +348% | +$42.7M |
|
718
StoneCo
STNE
$2.16B
| $46.6M | 0.03% |
4,890,758
+1,258,038
| +35% | +$12M |
|
719
PUT
TJX Companies
TJX
$155B
| $46.4M | 0.03% |
746,900
+296,900
| +66% | +$18.6M |
|
720
Ball Corp
BALL
$16.8B
| $46.4M | 0.03% |
960,031
+853,765
| +803% | +$52.5M |
|
721
PUT
Centene
CNC
$32.1B
| $46.1M | 0.03% |
592,400
+539,700
| +1,024% | +$48.2M |
|
722
Paycom
PAYC
$10.3B
| $46.1M | 0.03% |
139,628
-50,343
| -27% | -$17.3M |
|
723
PUT
Akamai
AKAM
$15.9B
| $46M | 0.03% |
572,700
-130,900
| -19% | -$11.9M |
|
724
SouthState Bank Corp
SSB
$10.4B
| $45.9M | 0.03% |
580,530
+234,899
| +68% | +$18.9M |
|
725
Maravai LifeSciences
MRVI
$1.29B
| $45.9M | 0.03% |
1,796,274
+1,687,021
| +1,544% | +$42.3M |
|
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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.