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 | |
|---|---|---|---|---|---|---|
101
PUT
IBM
IBM
$222B
| $205M | 0.12% |
1,707,400
-69,700
| -4% | -$9.15M |
|
102
Factset
FDS
$10.7B
| $205M | 0.12% |
511,362
+505,077
| +8,036% | +$214M |
|
103
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $201M | 0.12% |
1,659,500
-64,200
| -4% | -$8.27M |
|
104
PUT
Honeywell
HON
$68.4B
| $200M | 0.12% |
1,268,532
+366,364
| +41% | +$63.8M |
|
105
Comcast
CMCSA
$95.3B
| $197M | 0.12% |
6,731,468
+3,407,100
| +102% | +$127M |
|
106
Cintas
CTAS
$81.6B
| $196M | 0.12% |
2,024,520
+1,304,384
| +181% | +$133M |
|
107
CVS Health
CVS
$119B
| $196M | 0.12% |
2,057,415
+920,299
| +81% | +$91.1M |
|
108
Wells Fargo
WFC
$254B
| $196M | 0.12% |
4,873,660
-1,644,703
| -25% | -$70.7M |
|
109
CALL
UnitedHealth
UNH
$350B
| $196M | 0.12% |
387,300
+256,200
| +195% | +$135M |
|
110
Cisco
CSCO
$438B
| $196M | 0.12% |
4,889,749
+1,698,242
| +53% | +$75.3M |
|
111
Valero Energy
VLO
$100B
| $194M | 0.11% |
1,817,857
-74,863
| -4% | -$8.24M |
|
112
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $192M | 0.11% |
5,511,600
+281,600
| +5% | +$11M |
|
113
Alphabet (Google) Class C
GOOG
$4.18T
| $191M | 0.11% |
1,990,070
+1,436,270
| +259% | +$160M |
|
114
Bio-Rad Laboratories Class A
BIO
$10.2B
| $191M | 0.11% |
458,645
+79,316
| +21% | +$39.5M |
|
115
Edwards Lifesciences
EW
$51.8B
| $191M | 0.11% |
2,306,975
+2,261,902
| +5,018% | +$218M |
|
116
Enphase Energy
ENPH
$5.1B
| $190M | 0.11% |
683,424
+441,710
| +183% | +$119M |
|
|
VMW
117
DELISTED
VMware, Inc
VMW
| $189M | 0.11% |
1,776,208
+240,276
| +16% | +$27.7M |
|
118
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $188M | 0.11% |
527,281
+432,674
| +457% | +$172M |
|
119
Citigroup
C
$221B
| $188M | 0.11% |
4,513,843
+853,884
| +23% | +$42.2M |
|
120
Broadcom
AVGO
$1.75T
| $187M | 0.11% |
4,200,740
+3,193,990
| +317% | +$163M |
|
121
T-Mobile US
TMUS
$196B
| $186M | 0.11% |
1,386,280
-166,919
| -11% | -$23.4M |
|
122
American Express
AXP
$227B
| $185M | 0.11% |
1,371,284
+32,471
| +2% | +$4.91M |
|
123
Fortinet
FTNT
$113B
| $185M | 0.11% |
3,762,017
+3,188,071
| +555% | +$173M |
|
124
PUT
Micron Technology
MU
$1.09T
| $185M | 0.11% |
3,688,500
-583,100
| -14% | -$33.8M |
|
|
SJR
125
DELISTED
Shaw Communications Inc.
SJR
| $185M | 0.11% |
7,593,693
+1,648,293
| +28% | +$43.7M |
|
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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.