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 | |
|---|---|---|---|---|---|---|
76
Intel
INTC
$476B
| $276M | 0.16% |
8,456,221
+7,688,291
| +1,001% | +$218M |
|
77
CVS Health
CVS
$119B
| $276M | 0.16% |
3,716,809
+1,242,974
| +50% | +$104M |
|
78
CALL
UnitedHealth
UNH
$350B
| $274M | 0.16% |
580,700
-89,800
| -13% | -$43.3M |
|
79
PayPal
PYPL
$52.7B
| $274M | 0.16% |
3,604,694
-552,229
| -13% | -$42.5M |
|
80
Johnson Controls International
JCI
$86.7B
| $273M | 0.16% |
4,539,761
+1,388,023
| +44% | +$88.9M |
|
81
PUT
Citigroup
C
$221B
| $269M | 0.15% |
5,727,800
+1,642,300
| +40% | +$80.6M |
|
82
PUT
SPDR Gold Trust
GLD
$152B
| $267M | 0.15% |
1,456,000
+1,210,000
| +492% | +$213M |
|
83
PUT
Walmart Inc
WMT
$825B
| $262M | 0.15% |
5,323,800
-3,036,300
| -36% | -$144M |
|
84
PUT
Wells Fargo
WFC
$254B
| $261M | 0.15% |
6,990,800
+95,800
| +1% | +$4.18M |
|
|
85
PUT
UnitedHealth
UNH
$350B
| $257M | 0.15% |
543,300
-89,900
| -14% | -$43.4M |
|
86
DTE Energy
DTE
$28.1B
| $254M | 0.15% |
2,318,309
-61,573
| -3% | -$6.9M |
|
87
Automatic Data Processing
ADP
$112B
| $253M | 0.14% |
1,134,884
+671,907
| +145% | +$152M |
|
88
PUT
Lockheed Martin
LMT
$130B
| $247M | 0.14% |
523,100
+59,000
| +13% | +$27.7M |
|
|
SCHW
89
Charles Schwab
SCHW
$194B
| $244M | 0.14% |
4,662,030
+2,873,969
| +161% | +$210M |
|
90
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $243M | 0.14% |
3,217,500
+2,016,500
| +168% | +$151M |
|
91
Alphabet (Google) Class A
GOOGL
$4.22T
| $243M | 0.14% |
2,343,046
+1,562,406
| +200% | +$150M |
|
92
CALL
Cisco
CSCO
$438B
| $241M | 0.14% |
4,613,600
-1,614,500
| -26% | -$78.8M |
|
|
SJR
93
DELISTED
Shaw Communications Inc.
SJR
| $237M | 0.14% |
7,915,054
-1,563,775
| -16% | -$45.3M |
|
94
Cooper Companies
COO
$14.9B
| $236M | 0.14% |
2,525,536
+584,500
| +30% | +$50.2M |
|
|
95
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $230M | 0.13% |
2,212,800
-1,162,700
| -34% | -$112M |
|
96
PUT
Salesforce
CRM
$171B
| $228M | 0.13% |
1,139,800
-9,500
| -0.8% | -$1.6M |
|
97
NiSource
NI
$19.5B
| $227M | 0.13% |
8,136,336
+431,531
| +6% | +$11.8M |
|
98
Regeneron Pharmaceuticals
REGN
$85.9B
| $227M | 0.13% |
276,573
+242,590
| +714% | +$183M |
|
99
Visa
V
$693B
| $220M | 0.13% |
976,450
-414,118
| -30% | -$92.2M |
|
100
iShares Core S&P 500 ETF
IVV
$893B
| $220M | 0.13% |
533,991
+69,542
| +15% | +$27.9M |
|
Similar funds
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.