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 | |
|---|---|---|---|---|---|---|
926
CALL
American International
AIG
$40.5B
| $33.7M | 0.02% |
709,900
+449,700
| +173% | +$23.6M |
|
927
PUT
Prudential Financial
PRU
$42.3B
| $33.7M | 0.02% |
392,800
+204,600
| +109% | +$19.7M |
|
928
Affiliated Managers Group
AMG
$9.28B
| $33.7M | 0.02% |
300,879
+210,063
| +231% | +$26.4M |
|
929
PUT
Norfolk Southern
NSC
$79.3B
| $33.6M | 0.02% |
160,500
+158,900
| +9,931% | +$38.2M |
|
930
CALL
Colgate-Palmolive
CL
$73.8B
| $33.6M | 0.02% |
+478,800
| New | +$37.5M |
|
931
BP
BP
$113B
| $33.6M | 0.02% |
1,178,026
-3,523,464
| -75% | -$105M |
|
|
PNTM
932
DELISTED
Pontem Corporation
PNTM
| $33.6M | 0.02% |
3,379,548
+509,778
| +18% | +$5.05M |
|
933
Dynatrace
DT
$14.2B
| $33.6M | 0.02% |
964,815
-312,580
| -24% | -$12.1M |
|
|
SMAR
934
DELISTED
Smartsheet Inc.
SMAR
| $33.6M | 0.02% |
976,853
-2,103,601
| -68% | -$71.3M |
|
935
Cloudflare
NET
$99.8B
| $33.5M | 0.02% |
605,675
+58,837
| +11% | +$3.49M |
|
936
PUT
Halliburton
HAL
$28.9B
| $33.4M | 0.02% |
1,358,200
-507,000
| -27% | -$14.5M |
|
937
Darden Restaurants
DRI
$25.6B
| $33.4M | 0.02% |
264,268
-1,213,863
| -82% | -$152M |
|
938
CALL
Kinder Morgan
KMI
$69B
| $33.1M | 0.02% |
1,987,500
+1,226,400
| +161% | +$21.8M |
|
939
Range Resources
RRC
$9.64B
| $33M | 0.02% |
1,307,915
-1,729,032
| -57% | -$52.3M |
|
940
CALL
Southern Company
SO
$104B
| $33M | 0.02% |
+484,700
| New | +$36.7M |
|
941
Hancock Whitney
HWC
$6.01B
| $32.9M | 0.02% |
719,063
+441,540
| +159% | +$21.2M |
|
|
AVLR
942
CALL
DELISTED
Avalara, Inc.
AVLR
| $32.9M | 0.02% |
+358,600
| New | +$32.1M |
|
943
Illinois Tool Works
ITW
$80.9B
| $32.8M | 0.02% |
181,815
+161,084
| +777% | +$31.8M |
|
944
CALL
General Mills
GIS
$21.9B
| $32.8M | 0.02% |
428,100
+303,500
| +244% | +$23.1M |
|
945
Armstrong World Industries
AWI
$7.53B
| $32.8M | 0.02% |
413,805
+75,727
| +22% | +$6.41M |
|
946
Flex
FLEX
$39.4B
| $32.7M | 0.02% |
2,608,467
-10,500
| -0.4% | -$134K |
|
|
VAQC
947
DELISTED
Vector Acquisition Corporation II Class A Ordinary Shares
VAQC
| $32.7M | 0.02% |
3,301,944
+781,475
| +31% | +$7.7M |
|
948
Peloton Interactive
PTON
$2.35B
| $32.7M | 0.02% |
4,720,704
+4,035,114
| +589% | +$41M |
|
949
Medpace
MEDP
$17.3B
| $32.7M | 0.02% |
207,937
+11,850
| +6% | +$1.89M |
|
950
SolarEdge
SEDG
$1.85B
| $32.7M | 0.02% |
141,106
-13,363
| -9% | -$3.94M |
|
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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.