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 | |
|---|---|---|---|---|---|---|
126
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $182M | 0.11% |
1,888,600
+98,600
| +6% | +$11M |
|
|
BNY
127
Bank of New York Mellon
BNY
$108B
| $181M | 0.11% |
4,688,907
+4,679,695
| +50,800% | +$200M |
|
|
128
CALL
Chevron
CVX
$403B
| $180M | 0.11% |
1,255,300
-48,900
| -4% | -$7.46M |
|
129
Visa
V
$693B
| $180M | 0.11% |
1,012,117
+350,552
| +53% | +$71.3M |
|
130
PUT
Walt Disney
DIS
$186B
| $179M | 0.11% |
1,899,800
-1,609,400
| -46% | -$172M |
|
131
Dollar General
DG
$27.2B
| $178M | 0.11% |
743,385
+402,706
| +118% | +$99.3M |
|
132
Lamb Weston
LW
$7.38B
| $178M | 0.11% |
2,296,081
+1,515,800
| +194% | +$119M |
|
133
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $176M | 0.1% |
658,600
+230,200
| +54% | +$65.5M |
|
134
CALL
Palo Alto Networks
PANW
$292B
| $175M | 0.1% |
2,142,600
+790,800
| +58% | +$68.5M |
|
135
Suncor Energy
SU
$80B
| $175M | 0.1% |
6,223,356
+1,154,703
| +23% | +$36.5M |
|
136
General Motors
GM
$77.2B
| $175M | 0.1% |
5,455,501
+1,341,993
| +33% | +$49.3M |
|
137
CALL
PepsiCo
PEP
$196B
| $175M | 0.1% |
1,071,800
+616,500
| +135% | +$106M |
|
138
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $175M | 0.1% |
1,401,700
-748,600
| -35% | -$98.8M |
|
139
PUT
Broadcom
AVGO
$1.75T
| $173M | 0.1% |
3,902,000
-223,000
| -5% | -$11.4M |
|
140
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $173M | 0.1% |
2,595,000
+942,700
| +57% | +$69.1M |
|
141
PUT
Intel
INTC
$476B
| $172M | 0.1% |
6,684,000
+958,100
| +17% | +$32.7M |
|
142
American International
AIG
$39.8B
| $171M | 0.1% |
3,606,160
+2,320,794
| +181% | +$122M |
|
143
CALL
Home Depot
HD
$335B
| $170M | 0.1% |
617,500
+370,100
| +150% | +$109M |
|
144
Occidental Petroleum
OXY
$61.3B
| $169M | 0.1% |
2,757,825
+1,970,580
| +250% | +$126M |
|
|
145
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $169M | 0.1% |
1,762,100
-1,643,900
| -48% | -$182M |
|
|
JNPR
146
DELISTED
Juniper Networks
JNPR
| $168M | 0.1% |
6,437,521
+3,701,290
| +135% | +$104M |
|
|
TWTR
147
CALL
DELISTED
Twitter, Inc.
TWTR
| $168M | 0.1% |
3,829,200
+2,369,100
| +162% | +$96.4M |
|
148
Workday
WDAY
$49.4B
| $167M | 0.1% |
1,100,152
+35,887
| +3% | +$5.62M |
|
149
PUT
Thermo Fisher Scientific
TMO
$233B
| $167M | 0.1% |
328,900
+59,700
| +22% | +$33.4M |
|
150
Kroger
KR
$35.5B
| $166M | 0.1% |
3,785,210
-155,565
| -4% | -$7.39M |
|
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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.