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 | |
|---|---|---|---|---|---|---|
851
Ferrari
RACE
$74.6B
| $38.5M | 0.02% |
142,167
+95,771
| +206% | +$24.5M |
|
|
852
CALL
Linde
LIN
$226B
| $38.5M | 0.02% |
108,200
-87,500
| -45% | -$29.3M |
|
853
Insperity
NSP
$1.99B
| $38.3M | 0.02% |
315,491
+209,514
| +198% | +$24.5M |
|
854
Marriott International
MAR
$93.9B
| $38.3M | 0.02% |
230,663
-387,381
| -63% | -$64.5M |
|
855
Dycom Industries
DY
$11.4B
| $38.2M | 0.02% |
408,196
-475,293
| -54% | -$44.2M |
|
856
National Fuel Gas
NFG
$7.84B
| $38.2M | 0.02% |
661,822
-181,831
| -22% | -$10.5M |
|
857
PUT
General Dynamics
GD
$104B
| $38.1M | 0.02% |
167,000
+9,200
| +6% | +$2.13M |
|
858
Healthpeak Properties
DOC
$14.9B
| $38.1M | 0.02% |
1,733,825
-692,592
| -29% | -$17.2M |
|
859
Tapestry
TPR
$26.4B
| $38.1M | 0.02% |
883,215
+146,972
| +20% | +$6.31M |
|
860
PUT
Arista Networks
ANET
$237B
| $38.1M | 0.02% |
907,200
+387,200
| +74% | +$13.3M |
|
861
PUT
Merck
MRK
$372B
| $38M | 0.02% |
357,400
-1,017,700
| -74% | -$110M |
|
862
American Water Works
AWK
$27.8B
| $37.9M | 0.02% |
258,952
+240,549
| +1,307% | +$35.6M |
|
863
CALL
State Street Technology Select Sector SPDR ETF
XLK
$117B
| $37.8M | 0.02% |
500,400
-591,600
| -54% | -$40.7M |
|
864
PUT
Canadian Natural Resources
CNQ
$104B
| $37.7M | 0.02% |
1,012,800
+12,800
| +1% | +$363K |
|
865
Broadstone Net Lease
BNL
$4.34B
| $37.7M | 0.02% |
2,218,657
+1,122,040
| +102% | +$19.5M |
|
866
Extreme Networks
EXTR
$2.92B
| $37.6M | 0.02% |
1,967,745
+1,213,033
| +161% | +$22.4M |
|
867
PUT
AMC Entertainment Holdings
AMC
$2.38B
| $37.6M | 0.02% |
754,060
+742,720
| +6,550% | +$39.3M |
|
|
GTM
868
ZoomInfo Technologies
GTM
$1.14B
| $37.5M | 0.02% |
1,518,272
+471,321
| +45% | +$12.1M |
|
869
NOV
NOV
$7.04B
| $37.4M | 0.02% |
2,022,715
+782,794
| +63% | +$16.9M |
|
870
CALL
Chipotle Mexican Grill
CMG
$48.1B
| $37.4M | 0.02% |
1,095,000
-205,000
| -16% | -$6.44M |
|
871
PUT
Illumina
ILMN
$33.7B
| $37.4M | 0.02% |
165,302
+158,723
| +2,413% | +$32.5M |
|
872
GSK
GSK
$104B
| $37.4M | 0.02% |
1,050,920
-3,395,085
| -76% | -$119M |
|
873
PUT
Humana
HUM
$46.4B
| $37.4M | 0.02% |
77,000
-159,500
| -67% | -$78.8M |
|
874
nVent Electric
NVT
$24.8B
| $37.4M | 0.02% |
870,280
-184,312
| -17% | -$7.77M |
|
875
iShares MSCI Japan ETF
EWJ
$22.4B
| $37.2M | 0.02% |
634,622
+363,934
| +134% | +$20.7M |
|
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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.