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 | |
|---|---|---|---|---|---|---|
|
ENLC
1151
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $24.4M | 0.01% |
2,742,491
+1,703,199
| +164% | +$16.4M |
|
1152
Coherent
COHR
$53.9B
| $24.4M | 0.01% |
699,473
-180,593
| -21% | -$8.65M |
|
1153
Southwest Gas
SWX
$6.49B
| $24.3M | 0.01% |
348,804
-142,818
| -29% | -$11.6M |
|
1154
Wayfair
W
$14.1B
| $24.3M | 0.01% |
745,955
+594,717
| +393% | +$31.4M |
|
1155
Levi Strauss
LEVI
$8.36B
| $24.3M | 0.01% |
1,677,366
+690,341
| +70% | +$12.3M |
|
1156
Air Products & Chemicals
APD
$68.2B
| $24.2M | 0.01% |
104,112
-394,296
| -79% | -$97.6M |
|
1157
PUT
United States Oil Fund
USO
$2.07B
| $24.2M | 0.01% |
371,000
-170,000
| -31% | -$12.4M |
|
1158
Frontline
FRO
$9.81B
| $24.2M | 0.01% |
2,212,102
+1,571,801
| +245% | +$17.2M |
|
1159
Myriad Genetics
MYGN
$292M
| $24.2M | 0.01% |
+1,266,235
| New | +$29.1M |
|
1160
Teekay Tankers
TNK
$3.19B
| $24.1M | 0.01% |
876,458
+337,178
| +63% | +$7.97M |
|
1161
PUT
Qorvo
QRVO
$8.41B
| $24.1M | 0.01% |
303,200
+900
| +0.3% | +$87K |
|
|
PLMJ
1162
DELISTED
Plum Acquisition Corp. III Class A Ordinary Shares
PLMJ
| $24.1M | 0.01% |
2,455,000
| – | – |
|
|
1163
Qorvo
QRVO
$8.41B
| $24M | 0.01% |
302,756
+163,721
| +118% | +$15.8M |
|
1164
PUT
Dow Inc
DOW
$22.7B
| $24M | 0.01% |
545,700
+91,400
| +20% | +$4.63M |
|
1165
East-West Bancorp
EWBC
$17.7B
| $24M | 0.01% |
356,894
-395,519
| -53% | -$28.1M |
|
1166
Banner Corp
BANR
$2.41B
| $23.9M | 0.01% |
405,155
-63,847
| -14% | -$3.85M |
|
|
SAVE
1167
DELISTED
Spirit Airlines, Inc.
SAVE
| $23.9M | 0.01% |
1,270,585
+508,731
| +67% | +$11.9M |
|
1168
Qualys
QLYS
$6.17B
| $23.9M | 0.01% |
171,311
+52,721
| +44% | +$7.43M |
|
1169
iShares Biotechnology ETF
IBB
$10.7B
| $23.8M | 0.01% |
203,764
+15,120
| +8% | +$1.88M |
|
1170
CALL
KraneShares CSI China Internet ETF
KWEB
$5.18B
| $23.8M | 0.01% |
967,200
+371,200
| +62% | +$10.6M |
|
1171
CALL
McKesson
MCK
$102B
| $23.8M | 0.01% |
70,100
| – | – |
|
1172
Boeing
BA
$166B
| $23.8M | 0.01% |
196,672
-925,546
| -82% | -$142M |
|
1173
CALL
Etsy
ETSY
$7.99B
| $23.8M | 0.01% |
237,700
-57,700
| -20% | -$5.89M |
|
|
CCRN
1174
DELISTED
Cross Country Healthcare
CCRN
| $23.8M | 0.01% |
838,547
-638,117
| -43% | -$16.4M |
|
1175
Element Solutions
ESI
$8.52B
| $23.8M | 0.01% |
1,461,797
+1,057,876
| +262% | +$19.7M |
|
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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.