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 | |
|---|---|---|---|---|---|---|
51
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $302M | 0.18% |
8,652,700
+2,579,500
| +42% | +$101M |
|
52
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $300M | 0.18% |
9,884,600
+714,600
| +8% | +$23.6M |
|
53
Sherwin-Williams
SHW
$84.1B
| $296M | 0.18% |
1,447,066
+1,032,872
| +249% | +$245M |
|
54
CALL
Meta Platforms (Facebook)
META
$1.4T
| $293M | 0.17% |
2,157,800
-34,000
| -2% | -$5.51M |
|
55
PepsiCo
PEP
$196B
| $290M | 0.17% |
1,774,173
+697,953
| +65% | +$120M |
|
56
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $274M | 0.16% |
3,450,400
-117,300
| -3% | -$9.89M |
|
57
PUT
Alibaba
BABA
$286B
| $267M | 0.16% |
3,336,600
-1,932,800
| -37% | -$184M |
|
58
PUT
Wells Fargo
WFC
$254B
| $265M | 0.16% |
6,578,500
+1,132,600
| +21% | +$48.7M |
|
59
Home Depot
HD
$335B
| $264M | 0.16% |
958,294
+806,354
| +531% | +$238M |
|
60
PUT
ConocoPhillips
COP
$162B
| $255M | 0.15% |
2,488,100
+37,800
| +2% | +$3.77M |
|
61
Canadian National Railway
CNI
$78.5B
| $250M | 0.15% |
2,312,093
+362,843
| +19% | +$43.2M |
|
|
62
Meta Platforms (Facebook)
META
$1.4T
| $247M | 0.15% |
1,817,558
-236,401
| -12% | -$38.3M |
|
63
PUT
McDonald's
MCD
$192B
| $246M | 0.15% |
1,065,700
+301,700
| +39% | +$77.1M |
|
64
CALL
Bank of America
BAC
$431B
| $246M | 0.15% |
8,138,300
+2,595,600
| +47% | +$86.8M |
|
65
Coca-Cola
KO
$392B
| $245M | 0.15% |
4,380,817
+3,969,092
| +964% | +$247M |
|
|
SCHW
66
Charles Schwab
SCHW
$194B
| $245M | 0.14% |
3,406,354
+1,324,793
| +64% | +$92M |
|
67
Automatic Data Processing
ADP
$112B
| $244M | 0.14% |
1,079,630
+541,753
| +101% | +$128M |
|
68
Biogen
BIIB
$32B
| $244M | 0.14% |
912,705
+331,058
| +57% | +$70.3M |
|
69
Marathon Petroleum
MPC
$101B
| $242M | 0.14% |
2,437,790
-33,795
| -1% | -$3.16M |
|
70
CALL
Cisco
CSCO
$438B
| $242M | 0.14% |
6,048,000
+4,024,200
| +199% | +$179M |
|
71
Colgate-Palmolive
CL
$72.6B
| $241M | 0.14% |
3,428,397
+1,375,063
| +67% | +$108M |
|
72
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $239M | 0.14% |
2,888,500
+20,700
| +0.7% | +$1.91M |
|
73
Accenture
ACN
$113B
| $231M | 0.14% |
895,895
+203,928
| +29% | +$58.9M |
|
74
PUT
Occidental Petroleum
OXY
$61.3B
| $230M | 0.14% |
3,747,800
+3,096,700
| +476% | +$198M |
|
|
75
Xcel Energy
XEL
$47.7B
| $227M | 0.13% |
3,544,338
+3,461,115
| +4,159% | +$252M |
|
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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.