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 | |
|---|---|---|---|---|---|---|
126
CME Group
CME
$98.9B
| $214M | 0.12% |
1,271,788
+835,381
| +191% | +$145M |
|
127
Marathon Petroleum
MPC
$101B
| $214M | 0.12% |
1,837,359
-600,431
| -25% | -$68.4M |
|
128
CALL
Citigroup
C
$221B
| $213M | 0.12% |
4,703,600
-603,200
| -11% | -$27.4M |
|
129
Eaton
ETN
$163B
| $212M | 0.12% |
1,348,331
+807,937
| +150% | +$124M |
|
130
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $212M | 0.12% |
2,154,600
-733,900
| -25% | -$69.9M |
|
131
NiSource
NI
$19.5B
| $211M | 0.12% |
7,704,805
+5,544,787
| +257% | +$146M |
|
|
VMW
132
DELISTED
VMware, Inc
VMW
| $210M | 0.12% |
1,710,438
-65,770
| -4% | -$7.58M |
|
133
Skyworks Solutions
SWKS
$10.1B
| $208M | 0.12% |
2,287,255
+617,122
| +37% | +$55.3M |
|
134
CALL
McDonald's
MCD
$192B
| $208M | 0.12% |
788,600
+130,200
| +20% | +$34.3M |
|
135
PUT
Gilead Sciences
GILD
$181B
| $206M | 0.11% |
2,401,900
+651,200
| +37% | +$51.6M |
|
136
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $205M | 0.11% |
3,181,400
+2,224,800
| +233% | +$155M |
|
137
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $203M | 0.11% |
2,718,500
+123,500
| +5% | +$9M |
|
138
Johnson Controls International
JCI
$86.7B
| $202M | 0.11% |
3,151,738
+882,686
| +39% | +$54M |
|
139
PUT
Morgan Stanley
MS
$336B
| $201M | 0.11% |
2,369,400
-378,900
| -14% | -$32.3M |
|
140
General Dynamics
GD
$104B
| $201M | 0.11% |
808,326
+560,395
| +226% | +$137M |
|
141
PUT
Valero Energy
VLO
$100B
| $200M | 0.11% |
1,578,400
+40,900
| +3% | +$5.13M |
|
142
Evergy
EVRG
$18.7B
| $198M | 0.11% |
3,150,082
+2,859,476
| +984% | +$172M |
|
143
Canadian National Railway
CNI
$78.5B
| $196M | 0.11% |
1,645,182
-666,911
| -29% | -$79.7M |
|
144
CALL
Alibaba
BABA
$286B
| $195M | 0.11% |
2,216,400
-1,605,200
| -42% | -$127M |
|
145
PUT
Texas Instruments
TXN
$241B
| $195M | 0.11% |
1,178,900
+682,500
| +137% | +$114M |
|
146
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $193M | 0.11% |
1,421,702
+1,213,094
| +582% | +$161M |
|
147
CALL
Bristol-Myers Squibb
BMY
$137B
| $192M | 0.11% |
2,667,900
+1,170,500
| +78% | +$88.3M |
|
148
UnitedHealth
UNH
$350B
| $192M | 0.11% |
361,297
+111,305
| +45% | +$59M |
|
149
CALL
Wells Fargo
WFC
$254B
| $190M | 0.11% |
4,605,800
+1,338,900
| +41% | +$59.3M |
|
150
Union Pacific
UNP
$183B
| $190M | 0.11% |
916,928
-892,284
| -49% | -$183M |
|
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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.