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 | |
|---|---|---|---|---|---|---|
|
51
PUT
Chevron
CVX
$403B
| $344M | 0.19% |
1,915,200
-986,900
| -34% | -$172M |
|
52
PUT
NVIDIA
NVDA
$5.2T
| $343M | 0.19% |
23,494,000
-3,295,000
| -12% | -$48.3M |
|
53
Colgate-Palmolive
CL
$72.6B
| $342M | 0.19% |
4,344,822
+916,425
| +27% | +$68.7M |
|
54
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $340M | 0.19% |
2,504,300
-809,800
| -24% | -$117M |
|
55
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $339M | 0.19% |
8,948,263
-379,415
| -4% | -$14M |
|
56
Edwards Lifesciences
EW
$51.8B
| $338M | 0.19% |
4,534,155
+2,227,180
| +97% | +$172M |
|
57
PUT
Occidental Petroleum
OXY
$61.3B
| $338M | 0.19% |
5,360,100
+1,612,300
| +43% | +$110M |
|
58
PUT
UnitedHealth
UNH
$350B
| $336M | 0.19% |
633,200
-135,200
| -18% | -$71.6M |
|
59
Lam Research
LRCX
$393B
| $332M | 0.18% |
7,897,930
+3,677,210
| +87% | +$154M |
|
|
ATVI
60
DELISTED
Activision Blizzard
ATVI
| $331M | 0.18% |
4,326,010
-810,991
| -16% | -$60.2M |
|
61
McKesson
MCK
$100B
| $328M | 0.18% |
874,091
+524,082
| +150% | +$195M |
|
62
iShares Russell 2000 ETF
IWM
$81.9B
| $319M | 0.18% |
1,832,100
+1,452,814
| +383% | +$258M |
|
63
PUT
Advanced Micro Devices
AMD
$773B
| $313M | 0.17% |
4,839,600
-1,590,500
| -25% | -$105M |
|
64
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $303M | 0.17% |
915,400
+477,800
| +109% | +$155M |
|
65
PUT
Palo Alto Networks
PANW
$292B
| $301M | 0.17% |
4,319,200
-506,600
| -10% | -$40.7M |
|
66
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $301M | 0.17% |
4,587,500
+2,475,000
| +117% | +$155M |
|
67
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $298M | 0.16% |
3,375,500
+1,613,400
| +92% | +$153M |
|
68
CALL
Cisco
CSCO
$438B
| $297M | 0.16% |
6,228,100
+180,100
| +3% | +$8.2M |
|
69
PayPal
PYPL
$52.7B
| $296M | 0.16% |
4,156,923
+3,150,014
| +313% | +$252M |
|
70
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $289M | 0.16% |
2,906,700
+730,600
| +34% | +$73.6M |
|
71
Visa
V
$693B
| $289M | 0.16% |
1,390,568
+378,451
| +37% | +$76.3M |
|
|
HZNP
72
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $287M | 0.16% |
2,526,036
+2,160,939
| +592% | +$179M |
|
73
CALL
ExxonMobil
XOM
$679B
| $286M | 0.16% |
2,589,100
-1,528,300
| -37% | -$164M |
|
74
PUT
Wells Fargo
WFC
$254B
| $285M | 0.16% |
6,895,000
+316,500
| +5% | +$14M |
|
75
Fidelity National Information Services
FIS
$21.3B
| $284M | 0.16% |
4,189,559
+2,759,746
| +193% | +$196M |
|
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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.