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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
PUT
Costco
COST
$431B
| $42.2M | 0.02% |
85,000
-252,000
| -75% | -$124M |
|
802
Expedia Group
EXPE
$40.7B
| $42.2M | 0.02% |
435,030
-518,185
| -54% | -$54.3M |
|
803
CALL
Kinross Gold
KGC
$39.1B
| $42.2M | 0.02% |
+8,954,900
| New | +$38M |
|
804
Genpact
G
$6.32B
| $42.1M | 0.02% |
911,456
-6,892
| -0.8% | -$322K |
|
805
Tetra Tech
TTEK
$9.44B
| $41.9M | 0.02% |
1,427,015
-174,060
| -11% | -$5.03M |
|
806
Americold
COLD
$4.31B
| $41.9M | 0.02% |
1,472,403
+398,101
| +37% | +$11.9M |
|
807
Bumble
BMBL
$376M
| $41.8M | 0.02% |
2,137,952
+1,930,789
| +932% | +$43.6M |
|
808
O'Reilly Automotive
ORLY
$73.4B
| $41.6M | 0.02% |
735,375
-447,480
| -38% | -$24.5M |
|
809
Crane NXT
CXT
$2.87B
| $41.6M | 0.02% |
1,054,696
+543,694
| +106% | +$21.5M |
|
810
Medifast
MED
$134M
| $41.3M | 0.02% |
398,606
+364,541
| +1,070% | +$40.4M |
|
811
Varonis Systems
VRNS
$4.72B
| $41.3M | 0.02% |
1,588,639
+902,368
| +131% | +$23.5M |
|
812
Hewlett Packard
HPE
$69.4B
| $41.2M | 0.02% |
2,586,601
-7,728,781
| -75% | -$121M |
|
813
Ambev
ABEV
$45B
| $41.2M | 0.02% |
14,597,148
+6,416,143
| +78% | +$16.8M |
|
814
PUT
MGM Resorts International
MGM
$11B
| $41.2M | 0.02% |
926,700
+400,000
| +76% | +$16.6M |
|
815
Arch Capital
ACGL
$34.5B
| $41.1M | 0.02% |
606,119
+224,648
| +59% | +$14.8M |
|
816
PUT
Mercado Libre
MELI
$98.8B
| $41.1M | 0.02% |
31,200
-15,500
| -33% | -$17.6M |
|
817
PUT
Prudential Financial
PRU
$42.3B
| $41.1M | 0.02% |
497,000
+77,900
| +19% | +$7.43M |
|
818
Weyerhaeuser
WY
$17.6B
| $40.9M | 0.02% |
1,358,999
+305,764
| +29% | +$9.64M |
|
819
California Resources
CRC
$4.65B
| $40.9M | 0.02% |
1,063,539
+889,702
| +512% | +$36.8M |
|
820
American Financial Group
AFG
$12B
| $40.9M | 0.02% |
336,753
-107,071
| -24% | -$14.1M |
|
821
PUT
Bristol-Myers Squibb
BMY
$137B
| $40.8M | 0.02% |
588,200
-352,300
| -37% | -$24.8M |
|
|
THS
822
DELISTED
Treehouse Foods
THS
| $40.8M | 0.02% |
808,142
-28,107
| -3% | -$1.36M |
|
823
Procore
PCOR
$9.43B
| $40.6M | 0.02% |
648,720
+186,267
| +40% | +$10.9M |
|
824
Rambus
RMBS
$9.44B
| $40.5M | 0.02% |
789,476
+313,795
| +66% | +$13.5M |
|
825
Omega Healthcare
OHI
$14.1B
| $40.5M | 0.02% |
1,475,771
+748,377
| +103% | +$20.8M |
|
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Israel Englander's Q1 2023 Portfolio in Review
As of Q1 2023, Israel Englander held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Israel Englander withdrew a net $18.1B in Q1 2023, closing 1,206 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Warner Bros worth $96.9M.
- Israel Englander's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Israel Englander added most to Linde in Q1 2023, an estimated $374M increase.
- Israel Englander's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Israel Englander fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Israel Englander's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Israel Englander opened 987 new positions and closed 1,206 in Q1 2023.
- Israel Englander's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.