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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
101
CALL
NVIDIA
NVDA
$5.2T
| $219M | 0.13% |
7,892,000
+5,527,000
| +234% | +$120M |
|
102
Bio-Rad Laboratories Class A
BIO
$10.2B
| $219M | 0.13% |
457,280
+142,199
| +45% | +$66.6M |
|
103
PUT
Bank of America
BAC
$431B
| $218M | 0.12% |
7,614,500
-676,200
| -8% | -$22.3M |
|
104
Pentair
PNR
$10.3B
| $218M | 0.12% |
3,940,109
+1,731,839
| +78% | +$92M |
|
105
PUT
FedEx
FDX
$76.9B
| $218M | 0.12% |
952,700
+17,300
| +2% | +$3.51M |
|
106
Baxter International
BAX
$13.6B
| $217M | 0.12% |
5,351,665
+2,242,199
| +72% | +$95.1M |
|
107
CALL
Amazon
AMZN
$2.79T
| $215M | 0.12% |
2,080,000
-3,819,500
| -65% | -$369M |
|
108
Icon
ICLR
$13.3B
| $215M | 0.12% |
1,005,484
+690,054
| +219% | +$154M |
|
109
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $214M | 0.12% |
2,015,000
+913,900
| +83% | +$95.6M |
|
110
PUT
Mastercard
MA
$509B
| $213M | 0.12% |
587,300
-840,900
| -59% | -$305M |
|
111
PUT
T-Mobile US
TMUS
$196B
| $213M | 0.12% |
1,472,100
-456,400
| -24% | -$66.1M |
|
112
American Express
AXP
$227B
| $213M | 0.12% |
1,288,759
+341,807
| +36% | +$56.7M |
|
113
CALL
Coca-Cola
KO
$392B
| $211M | 0.12% |
3,400,100
-127,100
| -4% | -$7.7M |
|
114
Lockheed Martin
LMT
$130B
| $209M | 0.12% |
442,083
+244,661
| +124% | +$115M |
|
115
Shell
SHEL
$257B
| $209M | 0.12% |
3,629,772
+1,610,569
| +80% | +$94.8M |
|
|
116
Apple
AAPL
$4.51T
| $209M | 0.12% |
1,265,000
-2,224,785
| -64% | -$328M |
|
117
Oracle
ORCL
$422B
| $205M | 0.12% |
2,203,789
+2,059,930
| +1,432% | +$181M |
|
118
Palo Alto Networks
PANW
$292B
| $205M | 0.12% |
2,049,230
-1,132,754
| -36% | -$96M |
|
|
119
CALL
Bank of America
BAC
$431B
| $201M | 0.12% |
7,022,100
-839,000
| -11% | -$27.7M |
|
120
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $201M | 0.12% |
2,805,200
-1,782,300
| -39% | -$125M |
|
121
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $198M | 0.11% |
2,615,900
-1,017,200
| -28% | -$76.2M |
|
122
CALL
Procter & Gamble
PG
$336B
| $197M | 0.11% |
1,323,000
-1,273,500
| -49% | -$182M |
|
123
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $197M | 0.11% |
1,518,700
-547,900
| -27% | -$71.6M |
|
|
BNY
124
Bank of New York Mellon
BNY
$108B
| $196M | 0.11% |
4,305,424
-3,713,078
| -46% | -$180M |
|
125
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $191M | 0.11% |
618,700
+90,500
| +17% | +$27.9M |
|
Similar funds
Israel Englander's Q1 2023 Portfolio in Review
As of Q1 2023, Israel Englander held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Israel Englander withdrew a net $18.1B in Q1 2023, closing 1,206 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Warner Bros worth $96.9M.
- Israel Englander's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Israel Englander added most to Linde in Q1 2023, an estimated $374M increase.
- Israel Englander's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Israel Englander fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Israel Englander's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Israel Englander opened 987 new positions and closed 1,206 in Q1 2023.
- Israel Englander's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.