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
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.23% |
| 2 | Healthcare | 7.53% |
| 3 | Financials | 7.5% |
| 4 | Industrials | 5.83% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Sherwin-Williams
SHW
$84.1B
| $247M | 0.14% |
1,042,005
-405,061
| -28% | -$93.7M |
|
102
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $246M | 0.14% |
6,479,400
-2,173,300
| -25% | -$80.2M |
|
|
103
CALL
PepsiCo
PEP
$196B
| $244M | 0.13% |
1,349,200
+277,400
| +26% | +$49.5M |
|
104
Microsoft
MSFT
$3.59T
| $240M | 0.13% |
1,002,219
-510,673
| -34% | -$123M |
|
105
PUT
Goldman Sachs
GS
$303B
| $240M | 0.13% |
698,800
-14,600
| -2% | -$5.08M |
|
|
106
PUT
PepsiCo
PEP
$196B
| $238M | 0.13% |
1,316,300
-30,600
| -2% | -$5.46M |
|
107
General Motors
GM
$77.2B
| $237M | 0.13% |
7,043,105
+1,587,604
| +29% | +$58.7M |
|
108
CALL
Johnson & Johnson
JNJ
$651B
| $236M | 0.13% |
1,337,700
+543,200
| +68% | +$93.8M |
|
109
US Bancorp
USB
$96.7B
| $235M | 0.13% |
5,388,726
+1,805,979
| +50% | +$77.3M |
|
110
Cigna
CI
$73.3B
| $233M | 0.13% |
702,566
-56,614
| -7% | -$17.9M |
|
111
NXP Semiconductors
NXPI
$56.9B
| $232M | 0.13% |
1,468,081
+459,423
| +46% | +$72.9M |
|
112
CALL
MetLife
MET
$60B
| $231M | 0.13% |
3,187,000
+1,203,000
| +61% | +$86.2M |
|
113
CVS Health
CVS
$119B
| $231M | 0.13% |
2,473,835
+416,420
| +20% | +$40.2M |
|
114
Nike
NKE
$60.5B
| $230M | 0.13% |
1,968,883
+76,714
| +4% | +$7.72M |
|
115
CALL
IBM
IBM
$222B
| $230M | 0.13% |
1,634,100
+715,900
| +78% | +$98.8M |
|
116
PACCAR
PCAR
$69B
| $228M | 0.13% |
3,454,194
+758,337
| +28% | +$49.5M |
|
117
PUT
Alibaba
BABA
$286B
| $228M | 0.13% |
2,583,900
-752,700
| -23% | -$59.3M |
|
118
PUT
Lockheed Martin
LMT
$130B
| $226M | 0.12% |
464,100
+275,200
| +146% | +$128M |
|
119
Enphase Energy
ENPH
$5.1B
| $226M | 0.12% |
851,812
+168,388
| +25% | +$49M |
|
120
CALL
Coca-Cola
KO
$392B
| $224M | 0.12% |
3,527,200
+1,515,500
| +75% | +$91.5M |
|
121
SBA Communications
SBAC
$19.4B
| $223M | 0.12% |
797,089
+594,994
| +294% | +$166M |
|
122
PUT
Procter & Gamble
PG
$336B
| $223M | 0.12% |
1,473,100
+557,100
| +61% | +$78.1M |
|
123
Applied Materials
AMAT
$391B
| $222M | 0.12% |
2,281,976
+1,760,149
| +337% | +$169M |
|
124
Palo Alto Networks
PANW
$292B
| $222M | 0.12% |
3,181,984
+663,330
| +26% | +$53.3M |
|
|
DFS
125
DELISTED
Discover Financial Services
DFS
| $218M | 0.12% |
2,228,263
+554,772
| +33% | +$55.8M |
|
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Israel Englander's Q4 2022 Portfolio in Review
As of Q4 2022, Israel Englander held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander's Q4 2022 filing shows 848 new, 2,516 increased, 2,491 reduced and 1,333 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Israel Englander's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Israel Englander added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Israel Englander's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Israel Englander fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Israel Englander's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Israel Englander opened 848 new positions and closed 1,333 in Q4 2022.
- Israel Englander's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.