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 |
Invesco QQQ Trust
QQQ
|
+$517M |
| 2 |
NXP Semiconductors
NXPI
|
+$351M |
| 3 |
Oracle
ORCL
|
+$279M |
| 4 |
Palo Alto Networks
PANW
|
+$268M |
| 5 |
Boston Scientific
BSX
|
+$204M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CERN
Cerner Corp
CERN
|
+$517M |
| 2 |
ExxonMobil
XOM
|
+$385M |
| 3 |
Cenovus Energy
CVE
|
+$292M |
| 4 |
PLAN
Anaplan, Inc.
PLAN
|
+$236M |
| 5 |
Phillips 66
PSX
|
+$222M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.76% |
| 2 | Financials | 7.66% |
| 3 | Healthcare | 7.12% |
| 4 | Industrials | 5.11% |
| 5 | Consumer Discretionary | 4.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $187M | 0.12% |
1,455,400
-1,186,600
| -45% | -$156M |
|
102
Kroger
KR
$35.5B
| $187M | 0.12% |
3,940,775
+1,247,237
| +46% | +$66.5M |
|
103
American Express
AXP
$227B
| $186M | 0.12% |
1,338,813
+959,051
| +253% | +$158M |
|
104
CALL
JPMorgan Chase
JPM
$935B
| $182M | 0.11% |
1,615,200
+315,400
| +24% | +$39.1M |
|
105
CALL
Walmart Inc
WMT
$825B
| $181M | 0.11% |
4,454,700
+460,500
| +12% | +$21.2M |
|
106
PepsiCo
PEP
$196B
| $179M | 0.11% |
1,076,220
+778,254
| +261% | +$131M |
|
107
CF Industries
CF
$19.6B
| $179M | 0.11% |
2,090,197
+723,317
| +53% | +$70.3M |
|
108
Suncor Energy
SU
$80B
| $178M | 0.11% |
5,068,653
+3,572,335
| +239% | +$130M |
|
109
PUT
Boeing
BA
$169B
| $177M | 0.11% |
1,295,800
-513,100
| -28% | -$75.7M |
|
110
Gilead Sciences
GILD
$181B
| $177M | 0.11% |
2,860,653
-1,102,159
| -28% | -$68.2M |
|
111
Bunge Global
BG
$21.7B
| $177M | 0.11% |
1,949,465
+292,349
| +18% | +$32.4M |
|
|
112
PUT
PepsiCo
PEP
$196B
| $176M | 0.11% |
1,058,900
+277,000
| +35% | +$46.6M |
|
|
SJR
113
DELISTED
Shaw Communications Inc.
SJR
| $175M | 0.11% |
5,945,400
-1,953,510
| -25% | -$56.5M |
|
|
VMW
114
DELISTED
VMware, Inc
VMW
| $175M | 0.11% |
1,535,932
+1,175,726
| +326% | +$134M |
|
115
Shell
SHEL
$257B
| $174M | 0.11% |
3,330,332
+1,958,577
| +143% | +$110M |
|
116
CALL
Bank of America
BAC
$431B
| $173M | 0.11% |
5,542,700
+1,827,400
| +49% | +$65.8M |
|
117
Dell
DELL
$286B
| $172M | 0.11% |
3,727,562
+1,075,858
| +41% | +$50.8M |
|
118
Centene
CNC
$32.1B
| $172M | 0.11% |
2,031,828
+1,067,205
| +111% | +$88.6M |
|
119
Crown Castle
CCI
$32.1B
| $172M | 0.11% |
1,019,816
+52,656
| +5% | +$9.58M |
|
120
Adobe
ADBE
$109B
| $172M | 0.11% |
468,730
+163,536
| +54% | +$66.6M |
|
121
Citigroup
C
$221B
| $168M | 0.1% |
3,659,959
+1,580,092
| +76% | +$79M |
|
122
PUT
Goldman Sachs
GS
$303B
| $168M | 0.1% |
566,600
-302,300
| -35% | -$94.1M |
|
123
Darden Restaurants
DRI
$25.2B
| $167M | 0.1% |
1,478,131
+1,407,313
| +1,987% | +$176M |
|
124
WEC Energy
WEC
$34.5B
| $166M | 0.1% |
1,647,657
+1,085,475
| +193% | +$110M |
|
125
PUT
Merck
MRK
$376B
| $165M | 0.1% |
1,806,400
+316,700
| +21% | +$28.1M |
|
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Israel Englander's Q2 2022 Portfolio in Review
As of Q2 2022, Israel Englander held 7,971 positions worth $161B, down 15% from $189B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Israel Englander deployed $7.94B of net new capital in Q2 2022, opening 1,144 new positions and adding to 2,588 existing holdings. Its largest new stake was M&T Bank: 828,809 shares worth $132M.
By sector, the portfolio is most concentrated in Technology at 7.8% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was ExxonMobil, an estimated $385M trimmed.
- Israel Englander's largest Q2 2022 buy was M&T Bank: 828,809 shares worth $132M.
- Israel Englander added most to Invesco QQQ Trust in Q2 2022, an estimated $517M increase.
- Israel Englander's biggest Q2 2022 reduction was ExxonMobil, cutting an estimated $385M.
- Israel Englander fully exited Cerner Corp in Q2 2022, selling an estimated $517M.
- Israel Englander's ten largest holdings make up 23% of its $161B portfolio in Q2 2022.
- Israel Englander opened 1,144 new positions and closed 1,065 in Q2 2022.
- Israel Englander's portfolio value fell 15% quarter-over-quarter to $161B.
Based on Millennium Management's 13F filing for Q2 2022, filed 15 Aug 2022.