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 |
iShares Bitcoin Trust
IBIT
|
+$651M |
| 2 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$622M |
| 3 |
Merck
MRK
|
+$496M |
| 4 |
Adobe
ADBE
|
+$446M |
| 5 |
CRH
CRH
|
+$410M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.33B |
| 2 |
Microsoft
MSFT
|
+$965M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$542M |
| 4 |
NVIDIA
NVDA
|
+$522M |
| 5 |
Linde
LIN
|
+$377M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.55% |
| 2 | Healthcare | 6.96% |
| 3 | Financials | 6.02% |
| 4 | Industrials | 5.05% |
| 5 | Consumer Discretionary | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Automatic Data Processing
ADP
$112B
| $317M | 0.14% |
1,270,337
+909,526
| +252% | +$222M |
|
102
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $316M | 0.14% |
3,440,000
+232,400
| +7% | +$20.7M |
|
103
Parker-Hannifin
PH
$126B
| $315M | 0.13% |
567,561
+254,483
| +81% | +$129M |
|
104
PUT
Micron Technology
MU
$1.09T
| $312M | 0.13% |
2,650,700
-874,100
| -25% | -$79.1M |
|
105
Johnson & Johnson
JNJ
$651B
| $310M | 0.13% |
1,962,118
+1,770,538
| +924% | +$282M |
|
106
PUT
Visa
V
$693B
| $308M | 0.13% |
1,104,100
-63,300
| -5% | -$17.5M |
|
107
Advanced Micro Devices
AMD
$773B
| $305M | 0.13% |
1,687,911
-679,791
| -29% | -$119M |
|
108
PUT
ConocoPhillips
COP
$162B
| $304M | 0.13% |
2,389,800
-813,500
| -25% | -$92.8M |
|
109
SBA Communications
SBAC
$19.4B
| $303M | 0.13% |
1,400,253
+319,754
| +30% | +$71.1M |
|
110
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $301M | 0.13% |
756,591
-759,500
| -50% | -$293M |
|
111
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $299M | 0.13% |
1,329,200
-313,400
| -19% | -$63M |
|
112
PUT
Walmart Inc
WMT
$825B
| $298M | 0.13% |
4,955,200
-1,077,800
| -18% | -$61.7M |
|
113
CALL
Boeing
BA
$169B
| $294M | 0.13% |
1,522,700
+191,100
| +14% | +$39.3M |
|
114
PUT
Deere & Co
DE
$175B
| $291M | 0.12% |
707,600
+109,500
| +18% | +$42M |
|
115
PUT
T-Mobile US
TMUS
$196B
| $288M | 0.12% |
1,763,700
-46,500
| -3% | -$7.57M |
|
116
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $288M | 0.12% |
3,701,400
-2,636,900
| -42% | -$204M |
|
117
CALL
JPMorgan Chase
JPM
$935B
| $287M | 0.12% |
1,433,900
-165,800
| -10% | -$29.9M |
|
118
Oracle
ORCL
$422B
| $284M | 0.12% |
2,258,670
-2,456,042
| -52% | -$281M |
|
119
Cigna
CI
$73.3B
| $283M | 0.12% |
779,309
-568,486
| -42% | -$187M |
|
120
Dell
DELL
$286B
| $283M | 0.12% |
2,480,127
+780,444
| +46% | +$72.8M |
|
121
CALL
Netflix
NFLX
$331B
| $283M | 0.12% |
4,656,000
-1,228,000
| -21% | -$69.2M |
|
122
PUT
Home Depot
HD
$335B
| $281M | 0.12% |
732,200
-229,600
| -24% | -$83.9M |
|
123
Global Payments
GPN
$24.7B
| $281M | 0.12% |
2,100,126
+276,810
| +15% | +$36.6M |
|
124
TE Connectivity
TEL
$58.9B
| $280M | 0.12% |
1,931,076
+732,776
| +61% | +$103M |
|
|
125
PUT
Oracle
ORCL
$422B
| $280M | 0.12% |
2,232,100
+811,900
| +57% | +$92.9M |
|
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Israel Englander's Q1 2024 Portfolio in Review
As of Q1 2024, Israel Englander held 6,887 positions worth $234B, up 1.3% from $231B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Israel Englander withdrew a net $25.1B in Q1 2024, closing 745 positions and reducing 2,484 holdings. Its most notable exit was Splunk Inc, an estimated $319M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 8.3% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in iShares Bitcoin Trust worth $844M.
- Israel Englander's largest Q1 2024 buy was iShares Bitcoin Trust: 20,859,447 shares worth $844M.
- Israel Englander added most to Merck in Q1 2024, an estimated $496M increase.
- Israel Englander's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.33B.
- Israel Englander fully exited Splunk Inc in Q1 2024, selling an estimated $319M.
- Israel Englander's ten largest holdings make up 17% of its $234B portfolio in Q1 2024.
- Israel Englander opened 858 new positions and closed 745 in Q1 2024.
- Israel Englander's portfolio value rose 1.3% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q1 2024, filed 15 May 2024.