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 | |
|---|---|---|---|---|---|---|
1101
PUT
iShares Russell 2000 Value ETF
IWN
$14.6B
| $25.8M | 0.02% |
200,000
| – | – |
|
1102
Procore
PCOR
$9.43B
| $25.8M | 0.02% |
520,779
+307,670
| +144% | +$16.5M |
|
1103
UMB Financial
UMBF
$10.9B
| $25.8M | 0.02% |
305,546
+134,192
| +78% | +$12.1M |
|
1104
CALL
Medtronic
MDT
$119B
| $25.7M | 0.02% |
318,600
+213,900
| +204% | +$19.2M |
|
|
ABTX
1105
DELISTED
Allegiance Bancshares
ABTX
| $25.7M | 0.02% |
617,881
+473,255
| +327% | +$20.2M |
|
1106
ICL Group
ICL
$7.42B
| $25.7M | 0.02% |
3,139,425
-118,325
| -4% | -$1.11M |
|
1107
Power Integrations
POWI
$2.97B
| $25.7M | 0.02% |
399,177
+367,956
| +1,179% | +$27.5M |
|
1108
Align Technology
ALGN
$11.3B
| $25.6M | 0.02% |
123,675
+72,919
| +144% | +$18.8M |
|
|
MRSN
1109
DELISTED
Mersana Therapeutics
MRSN
| $25.6M | 0.02% |
151,367
-23,941
| -14% | -$3.89M |
|
1110
Wynn Resorts
WYNN
$10.2B
| $25.6M | 0.02% |
405,827
+45,595
| +13% | +$2.84M |
|
1111
Mattel
MAT
$4.23B
| $25.6M | 0.02% |
1,349,825
+1,221,161
| +949% | +$27.3M |
|
1112
IMAX
IMAX
$3B
| $25.5M | 0.02% |
1,808,107
+267,997
| +17% | +$4.3M |
|
1113
CALL
Occidental Petroleum
OXY
$60.1B
| $25.5M | 0.02% |
415,400
+95,600
| +30% | +$6.12M |
|
1114
PUT
Pfizer
PFE
$159B
| $25.5M | 0.02% |
583,000
-690,000
| -54% | -$33.5M |
|
|
KZR
1115
DELISTED
Kezar Life Sciences
KZR
| $25.5M | 0.02% |
296,227
+21,332
| +8% | +$2.07M |
|
1116
Southern Copper
SCCO
$181B
| $25.5M | 0.02% |
620,860
+522,269
| +530% | +$22.8M |
|
1117
American Airlines Group
AAL
$9.02B
| $25.5M | 0.02% |
2,115,606
-2,028,668
| -49% | -$28.3M |
|
1118
Rapid7
RPD
$822M
| $25.5M | 0.02% |
593,668
+549,198
| +1,235% | +$33.9M |
|
1119
PUT
ON Semiconductor
ON
$28B
| $25.4M | 0.02% |
407,800
+44,700
| +12% | +$2.88M |
|
1120
CALL
NVIDIA
NVDA
$5.05T
| $25.4M | 0.02% |
2,093,000
-3,185,000
| -60% | -$50.4M |
|
1121
McDonald's
MCD
$193B
| $25.4M | 0.02% |
110,079
-130,075
| -54% | -$33.2M |
|
1122
SLB Ltd
SLB
$80.1B
| $25.3M | 0.02% |
705,358
-639,408
| -48% | -$23.2M |
|
1123
GE Aerospace
GE
$355B
| $25.3M | 0.02% |
656,157
+134,863
| +26% | +$5.93M |
|
1124
State Street Health Care Select Sector SPDR ETF
XLV
$45.4B
| $25.3M | 0.01% |
208,608
-736,067
| -78% | -$94.8M |
|
1125
Guidewire Software
GWRE
$16B
| $25.2M | 0.01% |
409,167
+405,225
| +10,280% | +$29.3M |
|
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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.