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 |
iShares Core S&P 500 ETF
IVV
|
+$1.59B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 3 |
Microsoft
MSFT
|
+$794M |
| 4 |
Home Depot
HD
|
+$512M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$491M |
| 2 |
Linde
LIN
|
+$373M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$298M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$290M |
| 5 |
Salesforce
CRM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.46% |
| 3 | Consumer Discretionary | 5.14% |
| 4 | Industrials | 5.11% |
| 5 | Financials | 4.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Intel
INTC
$476B
| $370M | 0.18% |
11,078,181
+2,621,960
| +31% | +$82.3M |
|
52
PUT
Alibaba
BABA
$286B
| $365M | 0.18% |
4,375,700
+988,400
| +29% | +$86.5M |
|
53
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $364M | 0.18% |
4,182,000
+482,800
| +13% | +$38.1M |
|
54
Apple
AAPL
$4.51T
| $354M | 0.17% |
1,824,040
+559,040
| +44% | +$97.4M |
|
55
Cigna
CI
$73.3B
| $350M | 0.17% |
1,248,797
+708,541
| +131% | +$185M |
|
56
T-Mobile US
TMUS
$196B
| $348M | 0.17% |
2,502,302
+1,716,255
| +218% | +$241M |
|
57
PUT
Wells Fargo
WFC
$254B
| $347M | 0.17% |
8,134,900
+1,144,100
| +16% | +$46.1M |
|
58
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $347M | 0.17% |
10,280,100
-5,463,900
| -35% | -$178M |
|
59
PUT
Texas Instruments
TXN
$241B
| $346M | 0.17% |
1,922,500
-144,300
| -7% | -$24.8M |
|
60
Procter & Gamble
PG
$336B
| $344M | 0.17% |
2,265,195
+2,227,713
| +5,943% | +$336M |
|
61
PUT
JPMorgan Chase
JPM
$935B
| $343M | 0.17% |
2,361,100
-1,863,600
| -44% | -$256M |
|
62
CALL
Broadcom
AVGO
$1.75T
| $337M | 0.17% |
3,885,000
-731,000
| -16% | -$52.1M |
|
63
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $333M | 0.16% |
975,800
+357,100
| +58% | +$117M |
|
|
64
CALL
JPMorgan Chase
JPM
$935B
| $329M | 0.16% |
2,265,500
-673,400
| -23% | -$92.6M |
|
65
Valero Energy
VLO
$100B
| $325M | 0.16% |
2,769,760
+1,830,166
| +195% | +$213M |
|
66
PUT
Lockheed Martin
LMT
$130B
| $323M | 0.16% |
702,200
+179,100
| +34% | +$83.1M |
|
67
CALL
ExxonMobil
XOM
$679B
| $316M | 0.16% |
2,943,500
-20,600
| -0.7% | -$2.25M |
|
68
Automatic Data Processing
ADP
$112B
| $315M | 0.16% |
1,431,678
+296,794
| +26% | +$64M |
|
|
SGEN
69
DELISTED
Seagen Inc. Common Stock
SGEN
| $314M | 0.16% |
1,633,535
+893,994
| +121% | +$178M |
|
70
Intuitive Surgical
ISRG
$134B
| $313M | 0.15% |
916,147
+399,654
| +77% | +$121M |
|
71
PUT
Boeing
BA
$169B
| $311M | 0.15% |
1,473,200
+163,200
| +12% | +$33.9M |
|
72
Colgate-Palmolive
CL
$72.6B
| $303M | 0.15% |
3,930,625
-450,140
| -10% | -$34.8M |
|
73
PUT
Caterpillar
CAT
$381B
| $298M | 0.15% |
1,211,600
+990,400
| +448% | +$221M |
|
74
McKesson
MCK
$100B
| $298M | 0.15% |
696,341
-166,206
| -19% | -$63.9M |
|
75
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $297M | 0.15% |
3,952,800
+735,300
| +23% | +$54.9M |
|
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Israel Englander's Q2 2023 Portfolio in Review
As of Q2 2023, Israel Englander held 7,181 positions worth $203B, up 16% from $174B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Israel Englander deployed $14B of net new capital in Q2 2023, opening 870 new positions and adding to 2,213 existing holdings. Its largest new stake was ResMed: 632,015 shares worth $138M.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, down from 8.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Tesla, an estimated $491M trimmed.
- Israel Englander's largest Q2 2023 buy was ResMed: 632,015 shares worth $138M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $1.59B increase.
- Israel Englander's biggest Q2 2023 reduction was Tesla, cutting an estimated $491M.
- Israel Englander fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $237M.
- Israel Englander's ten largest holdings make up 26% of its $203B portfolio in Q2 2023.
- Israel Englander opened 870 new positions and closed 1,192 in Q2 2023.
- Israel Englander's portfolio value rose 16% quarter-over-quarter to $203B.
Based on Millennium Management's 13F filing for Q2 2023, filed 14 Aug 2023.