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 |
iShares Core S&P 500 ETF
IVV
|
+$1.59B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 3 |
Microsoft
MSFT
|
+$794M |
| 4 |
Home Depot
HD
|
+$512M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$491M |
| 2 |
Linde
LIN
|
+$373M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$298M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$290M |
| 5 |
Salesforce
CRM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.46% |
| 3 | Consumer Discretionary | 5.14% |
| 4 | Industrials | 5.11% |
| 5 | Financials | 4.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Sherwin-Williams
SHW
$84.1B
| $293M | 0.14% |
1,104,614
+492,355
| +80% | +$116M |
|
77
PUT
Mastercard
MA
$509B
| $292M | 0.14% |
742,900
+155,600
| +26% | +$58.4M |
|
78
Chubb
CB
$132B
| $291M | 0.14% |
1,513,242
+1,416,595
| +1,466% | +$278M |
|
79
Johnson & Johnson
JNJ
$651B
| $289M | 0.14% |
1,743,197
+896,341
| +106% | +$145M |
|
80
PUT
Eli Lilly
LLY
$1.12T
| $288M | 0.14% |
615,100
+514,600
| +512% | +$216M |
|
81
PUT
Occidental Petroleum
OXY
$61.3B
| $288M | 0.14% |
4,900,200
-342,100
| -7% | -$20.5M |
|
82
PUT
Deere & Co
DE
$175B
| $287M | 0.14% |
709,000
+429,300
| +153% | +$164M |
|
83
PUT
UnitedHealth
UNH
$350B
| $285M | 0.14% |
593,400
+50,100
| +9% | +$24.5M |
|
84
Johnson Controls International
JCI
$86.7B
| $283M | 0.14% |
4,157,633
-382,128
| -8% | -$23.5M |
|
85
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $283M | 0.14% |
+2,615,500
| New | +$283M |
|
86
PUT
Walmart Inc
WMT
$825B
| $276M | 0.14% |
5,262,600
-61,200
| -1% | -$3.09M |
|
87
NiSource
NI
$19.5B
| $275M | 0.14% |
10,040,057
+1,903,721
| +23% | +$52.8M |
|
88
Cadence Design Systems
CDNS
$87.9B
| $272M | 0.13% |
1,158,396
+418,422
| +57% | +$91.1M |
|
89
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $270M | 0.13% |
792,900
-335,400
| -30% | -$109M |
|
90
Qualcomm
QCOM
$169B
| $270M | 0.13% |
2,270,202
+1,535,466
| +209% | +$177M |
|
91
Coca-Cola
KO
$392B
| $270M | 0.13% |
4,481,853
+2,461,569
| +122% | +$153M |
|
92
Amphenol
APH
$194B
| $269M | 0.13% |
6,335,472
+5,612,360
| +776% | +$218M |
|
93
PUT
Adobe
ADBE
$109B
| $268M | 0.13% |
548,800
-354,700
| -39% | -$143M |
|
94
Target
TGT
$75.1B
| $264M | 0.13% |
2,004,533
+1,900,196
| +1,821% | +$282M |
|
95
Analog Devices
ADI
$182B
| $260M | 0.13% |
1,333,479
+511,999
| +62% | +$94.8M |
|
96
Humana
HUM
$45.5B
| $259M | 0.13% |
578,155
-16,752
| -3% | -$8.43M |
|
97
PUT
ConocoPhillips
COP
$162B
| $258M | 0.13% |
2,492,800
+996,200
| +67% | +$102M |
|
98
Honeywell
HON
$68.4B
| $255M | 0.13% |
1,305,603
-527,310
| -29% | -$97.9M |
|
99
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $254M | 0.13% |
882,900
-281,800
| -24% | -$76.4M |
|
100
Shell
SHEL
$257B
| $252M | 0.12% |
4,179,755
+549,983
| +15% | +$33M |
|
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Israel Englander's Q2 2023 Portfolio in Review
As of Q2 2023, Israel Englander held 7,181 positions worth $203B, up 16% from $174B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Israel Englander deployed $14B of net new capital in Q2 2023, opening 870 new positions and adding to 2,213 existing holdings. Its largest new stake was ResMed: 632,015 shares worth $138M.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, down from 8.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Tesla, an estimated $491M trimmed.
- Israel Englander's largest Q2 2023 buy was ResMed: 632,015 shares worth $138M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $1.59B increase.
- Israel Englander's biggest Q2 2023 reduction was Tesla, cutting an estimated $491M.
- Israel Englander fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $237M.
- Israel Englander's ten largest holdings make up 26% of its $203B portfolio in Q2 2023.
- Israel Englander opened 870 new positions and closed 1,192 in Q2 2023.
- Israel Englander's portfolio value rose 16% quarter-over-quarter to $203B.
Based on Millennium Management's 13F filing for Q2 2023, filed 14 Aug 2023.