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 | |
|---|---|---|---|---|---|---|
|
VMW
1401
CALL
DELISTED
VMware, Inc
VMW
| $18.6M | 0.01% |
+175,000
| New | +$20.2M |
|
1402
TC Energy
TRP
$64.8B
| $18.6M | 0.01% |
462,491
+448,905
| +3,304% | +$22.3M |
|
1403
Essent Group
ESNT
$6.18B
| $18.6M | 0.01% |
533,777
-147,808
| -22% | -$5.92M |
|
1404
PUT
MGM Resorts International
MGM
$10.9B
| $18.6M | 0.01% |
625,200
+565,200
| +942% | +$18.4M |
|
1405
SM Energy
SM
$8.56B
| $18.6M | 0.01% |
494,005
-78,093
| -14% | -$3.07M |
|
1406
DT Midstream
DTM
$12.9B
| $18.6M | 0.01% |
357,921
+263,630
| +280% | +$14.2M |
|
|
TSPQ
1407
DELISTED
TCW Special Purpose Acquisition Corp.
TSPQ
| $18.5M | 0.01% |
1,885,566
+619,295
| +49% | +$6.07M |
|
1408
PUT
Snap
SNAP
$9.74B
| $18.5M | 0.01% |
1,883,500
-2,769,300
| -60% | -$32.2M |
|
1409
Matador Resources
MTDR
$6.9B
| $18.5M | 0.01% |
378,023
+220,533
| +140% | +$11.9M |
|
1410
Intellia Therapeutics
NTLA
$1.91B
| $18.5M | 0.01% |
330,442
-28,947
| -8% | -$1.8M |
|
|
CPRX
1411
DELISTED
Catalyst Pharmaceutical
CPRX
| $18.5M | 0.01% |
1,440,358
-1,283,537
| -47% | -$15.2M |
|
1412
CALL
Moderna
MRNA
$62.9B
| $18.4M | 0.01% |
156,000
+15,400
| +11% | +$2.34M |
|
1413
CNO Financial Group
CNO
$5.02B
| $18.4M | 0.01% |
1,025,046
-1,063,540
| -51% | -$19.7M |
|
1414
CALL
EOG Resources
EOG
$77.6B
| $18.4M | 0.01% |
164,800
+39,200
| +31% | +$4.4M |
|
1415
CALL
Edwards Lifesciences
EW
$52.2B
| $18.4M | 0.01% |
222,800
+207,300
| +1,337% | +$19.9M |
|
1416
Acadia Healthcare
ACHC
$2.73B
| $18.4M | 0.01% |
235,197
-353,070
| -60% | -$28.2M |
|
1417
BCE
BCE
$22B
| $18.4M | 0.01% |
438,018
+428,695
| +4,598% | +$20.8M |
|
1418
Noble Corp
NE
$7.31B
| $18.4M | 0.01% |
620,532
+359,990
| +138% | +$10.6M |
|
|
PCGU
1419
DELISTED
PG&E Corporation
PCGU
| $18.3M | 0.01% |
159,459
+84,459
| +113% | +$9.23M |
|
1420
PUT
Darden Restaurants
DRI
$25.1B
| $18.3M | 0.01% |
145,200
+129,700
| +837% | +$16.2M |
|
1421
Bank OZK
OZK
$5.36B
| $18.3M | 0.01% |
463,285
-177,810
| -28% | -$7.15M |
|
1422
PUT
iShares MSCI Taiwan ETF
EWT
$11.4B
| $18.3M | 0.01% |
425,100
-234,500
| -36% | -$11.6M |
|
1423
PUT
iShares MBS ETF
MBB
$39.2B
| $18.3M | 0.01% |
+200,000
| New | +$19.4M |
|
1424
MillerKnoll
MLKN
$1.57B
| $18.3M | 0.01% |
1,174,060
+355,477
| +43% | +$9.77M |
|
|
CCVI
1425
DELISTED
Churchill Capital Corp VI
CCVI
| $18.3M | 0.01% |
1,856,922
+315,644
| +20% | +$3.1M |
|
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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.