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 | |
|---|---|---|---|---|---|---|
726
Martin Marietta Materials
MLM
$32.1B
| $45.8M | 0.03% |
142,282
-130,170
| -48% | -$44.1M |
|
727
KKR & Co
KKR
$97.4B
| $45.7M | 0.03% |
1,062,308
-933,100
| -47% | -$47.2M |
|
728
Celanese
CE
$5.14B
| $45.7M | 0.03% |
505,582
+453,597
| +873% | +$49.8M |
|
729
Old National Bancorp
ONB
$9.87B
| $45.4M | 0.03% |
2,757,678
-696,592
| -20% | -$11.6M |
|
730
CALL
Baidu
BIDU
$31.6B
| $45.4M | 0.03% |
386,500
+202,700
| +110% | +$27.7M |
|
|
IPG
731
DELISTED
Interpublic Group of Companies
IPG
| $45.3M | 0.03% |
1,771,147
+571,421
| +48% | +$16.2M |
|
|
SCHW
732
CALL
Charles Schwab
SCHW
$194B
| $45.1M | 0.03% |
627,700
+469,700
| +297% | +$32.6M |
|
733
Citizens Financial Group
CFG
$29.4B
| $45.1M | 0.03% |
1,312,040
+1,033,436
| +371% | +$38.2M |
|
734
NetApp
NTAP
$37.7B
| $45.1M | 0.03% |
728,678
-776,072
| -52% | -$54M |
|
735
Popular Inc
BPOP
$10.8B
| $45M | 0.03% |
625,121
-51,795
| -8% | -$4.03M |
|
736
Shift4
FOUR
$3.78B
| $45M | 0.03% |
+1,008,752
| New | +$42.4M |
|
|
CTLT
737
DELISTED
CATALENT, INC.
CTLT
| $45M | 0.03% |
621,553
+289,331
| +87% | +$28.7M |
|
738
PUT
The Mosaic Company
MOS
$7.76B
| $45M | 0.03% |
930,200
-232,000
| -20% | -$12M |
|
739
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.3B
| $44.9M | 0.03% |
630,600
-277,400
| -31% | -$21.7M |
|
740
Cinemark Holdings
CNK
$4.24B
| $44.9M | 0.03% |
3,708,132
+1,659,906
| +81% | +$26M |
|
741
Annaly Capital Management
NLY
$17.5B
| $44.8M | 0.03% |
+2,611,712
| New | +$65.8M |
|
742
Pentair
PNR
$10.3B
| $44.8M | 0.03% |
1,102,535
-3,051
| -0.3% | -$142K |
|
743
Pultegroup
PHM
$24.6B
| $44.8M | 0.03% |
1,193,384
+566,675
| +90% | +$23.8M |
|
744
Sociedad Química y Minera de Chile
SQM
$23.4B
| $44.7M | 0.03% |
492,281
-198,224
| -29% | -$19.2M |
|
745
iShares MSCI Taiwan ETF
EWT
$11.3B
| $44.7M | 0.03% |
1,036,195
+279,345
| +37% | +$13.8M |
|
746
PagSeguro Digital
PAGS
$2.38B
| $44.4M | 0.03% |
3,359,486
+818,412
| +32% | +$10.9M |
|
|
VRN
747
DELISTED
Veren
VRN
| $44.2M | 0.03% |
7,183,189
+3,195,672
| +80% | +$22.8M |
|
748
Flywire
FLYW
$2.38B
| $43.9M | 0.03% |
1,912,658
-395,570
| -17% | -$9.43M |
|
749
COPT Defense Properties
CDP
$4.23B
| $43.9M | 0.03% |
1,889,808
-11,931
| -0.6% | -$313K |
|
750
PUT
Biogen
BIIB
$32B
| $43.8M | 0.03% |
164,200
+5,500
| +3% | +$1.17M |
|
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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.