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 | |
|---|---|---|---|---|---|---|
76
Chubb
CB
$132B
| $225M | 0.13% |
1,237,674
+645,406
| +109% | +$123M |
|
77
Advanced Micro Devices
AMD
$773B
| $225M | 0.13% |
3,545,987
-552,360
| -13% | -$47M |
|
78
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $223M | 0.13% |
2,176,100
+1,731,100
| +389% | +$195M |
|
79
CALL
Walmart Inc
WMT
$825B
| $222M | 0.13% |
5,145,000
+690,300
| +15% | +$30.2M |
|
80
CALL
Goldman Sachs
GS
$303B
| $222M | 0.13% |
758,200
+497,300
| +191% | +$161M |
|
81
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $221M | 0.13% |
2,159,600
+945,500
| +78% | +$104M |
|
82
PUT
Cigna
CI
$73.3B
| $221M | 0.13% |
797,000
+213,600
| +37% | +$60.1M |
|
83
CALL
Citigroup
C
$221B
| $221M | 0.13% |
5,306,800
+3,361,100
| +173% | +$166M |
|
84
Hershey
HSY
$37.5B
| $220M | 0.13% |
998,542
+857,757
| +609% | +$192M |
|
85
PUT
PepsiCo
PEP
$196B
| $220M | 0.13% |
1,346,900
+288,000
| +27% | +$49.6M |
|
86
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $218M | 0.13% |
2,628,800
-52,000
| -2% | -$4.79M |
|
87
PUT
Automatic Data Processing
ADP
$112B
| $218M | 0.13% |
961,700
+268,300
| +39% | +$63.3M |
|
88
PUT
Morgan Stanley
MS
$336B
| $217M | 0.13% |
2,748,300
+891,900
| +48% | +$75.2M |
|
89
Intuitive Surgical
ISRG
$134B
| $215M | 0.13% |
1,146,567
+567,169
| +98% | +$122M |
|
90
Costco
COST
$420B
| $214M | 0.13% |
453,873
+309,026
| +213% | +$161M |
|
|
91
Cigna
CI
$73.3B
| $211M | 0.12% |
759,180
-303,316
| -29% | -$85.4M |
|
92
Lowe's Companies
LOW
$121B
| $209M | 0.12% |
1,115,433
+351,136
| +46% | +$68.4M |
|
|
93
PUT
Goldman Sachs
GS
$303B
| $209M | 0.12% |
713,400
+146,800
| +26% | +$47.6M |
|
94
Gilead Sciences
GILD
$181B
| $208M | 0.12% |
3,372,834
+512,181
| +18% | +$32.3M |
|
95
Centene
CNC
$32.1B
| $207M | 0.12% |
2,666,269
+634,441
| +31% | +$56.7M |
|
96
PUT
Mastercard
MA
$509B
| $207M | 0.12% |
728,600
+56,600
| +8% | +$18.8M |
|
97
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $207M | 0.12% |
979,100
+152,700
| +18% | +$34.9M |
|
98
Palo Alto Networks
PANW
$292B
| $206M | 0.12% |
2,518,654
-855,848
| -25% | -$74.1M |
|
|
TWTR
99
DELISTED
Twitter, Inc.
TWTR
| $206M | 0.12% |
4,698,074
+1,338,593
| +40% | +$54.5M |
|
100
Rockwell Automation
ROK
$48.5B
| $205M | 0.12% |
+953,525
| New | +$222M |
|
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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.