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 | |
|---|---|---|---|---|---|---|
126
CALL
AbbVie
ABBV
$468B
| $190M | 0.11% |
1,190,500
-435,200
| -27% | -$66.5M |
|
|
127
PUT
AbbVie
ABBV
$468B
| $190M | 0.11% |
1,189,500
-363,100
| -23% | -$55.5M |
|
128
CALL
Walmart Inc
WMT
$825B
| $189M | 0.11% |
3,839,700
-3,536,700
| -48% | -$168M |
|
129
Advance Auto Parts
AAP
$2.57B
| $183M | 0.11% |
1,508,727
+327,940
| +28% | +$45.9M |
|
130
General Motors
GM
$77.2B
| $183M | 0.11% |
4,998,996
-2,044,109
| -29% | -$77.3M |
|
131
W.R. Berkley
WRB
$25.5B
| $183M | 0.11% |
4,411,389
+3,593,829
| +440% | +$161M |
|
132
PUT
United Airlines
UAL
$36.7B
| $183M | 0.1% |
4,134,300
+931,200
| +29% | +$44.6M |
|
133
CALL
Citigroup
C
$221B
| $182M | 0.1% |
3,877,900
-825,700
| -18% | -$40.5M |
|
|
VMW
134
DELISTED
VMware, Inc
VMW
| $181M | 0.1% |
1,448,797
-261,641
| -15% | -$31.4M |
|
135
Cummins
CMI
$80.9B
| $179M | 0.1% |
747,853
+666,916
| +824% | +$163M |
|
136
Waters Corp
WAT
$40.4B
| $178M | 0.1% |
575,996
+102,431
| +22% | +$33.1M |
|
137
Gartner
IT
$12.4B
| $177M | 0.1% |
544,504
+362,897
| +200% | +$120M |
|
138
Teradyne
TER
$58.7B
| $177M | 0.1% |
1,644,847
-216,639
| -12% | -$22.2M |
|
139
Norfolk Southern
NSC
$78.8B
| $176M | 0.1% |
831,473
+464,187
| +126% | +$107M |
|
140
Jazz Pharmaceuticals
JAZZ
$16.5B
| $175M | 0.1% |
1,195,581
+719,435
| +151% | +$106M |
|
141
Mastercard
MA
$509B
| $175M | 0.1% |
480,596
+420,539
| +700% | +$153M |
|
142
CSX Corp
CSX
$95.6B
| $174M | 0.1% |
5,801,248
-286,683
| -5% | -$8.81M |
|
|
EDR
143
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $174M | 0.1% |
7,252,095
+138,058
| +2% | +$3.08M |
|
144
Adobe
ADBE
$109B
| $174M | 0.1% |
450,311
-614,517
| -58% | -$218M |
|
145
Xcel Energy
XEL
$47.7B
| $173M | 0.1% |
2,565,860
-48,621
| -2% | -$3.28M |
|
146
VICI Properties
VICI
$29.2B
| $172M | 0.1% |
5,276,790
+4,062,062
| +334% | +$134M |
|
147
CALL
Wells Fargo
WFC
$254B
| $172M | 0.1% |
4,600,000
-5,800
| -0.1% | -$253K |
|
148
Ecolab
ECL
$78.9B
| $171M | 0.1% |
1,035,928
-727,898
| -41% | -$113M |
|
149
Agnico Eagle Mines
AEM
$109B
| $171M | 0.1% |
3,355,412
+1,914,665
| +133% | +$98.3M |
|
150
HP
HPQ
$27.2B
| $171M | 0.1% |
5,826,005
+4,765,872
| +450% | +$137M |
|
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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.