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 Core S&P 500 ETF
IVV
|
+$1.59B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 3 |
Microsoft
MSFT
|
+$794M |
| 4 |
Home Depot
HD
|
+$512M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$491M |
| 2 |
Linde
LIN
|
+$373M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$298M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$290M |
| 5 |
Salesforce
CRM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.46% |
| 3 | Consumer Discretionary | 5.14% |
| 4 | Industrials | 5.11% |
| 5 | Financials | 4.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $203M | 0.1% |
4,899,800
+4,604,400
| +1,559% | +$183M |
|
127
CALL
Cisco
CSCO
$438B
| $202M | 0.1% |
3,897,900
-715,700
| -16% | -$35.2M |
|
128
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $201M | 0.1% |
1,322,800
+266,800
| +25% | +$36.1M |
|
129
Lockheed Martin
LMT
$130B
| $200M | 0.1% |
434,735
-7,348
| -2% | -$3.41M |
|
130
Trane Technologies
TT
$99.8B
| $200M | 0.1% |
1,043,244
+979,948
| +1,548% | +$174M |
|
131
PPG Industries
PPG
$25.3B
| $198M | 0.1% |
1,335,523
+598,274
| +81% | +$83.5M |
|
132
Murphy USA
MUSA
$10.5B
| $198M | 0.1% |
636,385
+155,633
| +32% | +$43.6M |
|
133
Goldman Sachs
GS
$303B
| $198M | 0.1% |
613,671
+206,450
| +51% | +$67.9M |
|
134
General Motors
GM
$77.2B
| $197M | 0.1% |
5,097,696
+98,700
| +2% | +$3.41M |
|
135
Netflix
NFLX
$331B
| $193M | 0.1% |
4,392,640
-6,314,840
| -59% | -$233M |
|
136
Fortinet
FTNT
$113B
| $192M | 0.09% |
2,537,354
+1,465,451
| +137% | +$99.7M |
|
137
Medtronic
MDT
$119B
| $191M | 0.09% |
2,173,023
+1,334,309
| +159% | +$115M |
|
138
Blackrock
BLK
$179B
| $191M | 0.09% |
275,739
+68,894
| +33% | +$46.1M |
|
139
CALL
Chevron
CVX
$403B
| $189M | 0.09% |
1,201,900
+199,100
| +20% | +$31.9M |
|
|
140
PUT
Home Depot
HD
$335B
| $189M | 0.09% |
608,300
-488,700
| -45% | -$144M |
|
141
CALL
UnitedHealth
UNH
$350B
| $186M | 0.09% |
386,500
-194,200
| -33% | -$95M |
|
142
HP
HPQ
$27.2B
| $185M | 0.09% |
6,017,112
+191,107
| +3% | +$5.74M |
|
143
CALL
Wells Fargo
WFC
$254B
| $185M | 0.09% |
4,329,000
-271,000
| -6% | -$10.9M |
|
144
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $185M | 0.09% |
2,218,200
+21,000
| +1% | +$1.76M |
|
145
D.R. Horton
DHI
$41.5B
| $182M | 0.09% |
1,498,710
+908,935
| +154% | +$99.4M |
|
146
Teradyne
TER
$58.7B
| $182M | 0.09% |
1,637,499
-7,348
| -0.4% | -$737K |
|
147
Cooper Companies
COO
$14.9B
| $182M | 0.09% |
1,898,944
-626,592
| -25% | -$58.8M |
|
148
O'Reilly Automotive
ORLY
$72.1B
| $177M | 0.09% |
2,784,570
+2,049,195
| +279% | +$125M |
|
149
PUT
Walt Disney
DIS
$186B
| $177M | 0.09% |
1,981,800
+1,115,700
| +129% | +$106M |
|
150
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $176M | 0.09% |
2,432,800
+684,300
| +39% | +$49.7M |
|
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Israel Englander's Q2 2023 Portfolio in Review
As of Q2 2023, Israel Englander held 7,181 positions worth $203B, up 16% from $174B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Israel Englander deployed $14B of net new capital in Q2 2023, opening 870 new positions and adding to 2,213 existing holdings. Its largest new stake was ResMed: 632,015 shares worth $138M.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, down from 8.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Tesla, an estimated $491M trimmed.
- Israel Englander's largest Q2 2023 buy was ResMed: 632,015 shares worth $138M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $1.59B increase.
- Israel Englander's biggest Q2 2023 reduction was Tesla, cutting an estimated $491M.
- Israel Englander fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $237M.
- Israel Englander's ten largest holdings make up 26% of its $203B portfolio in Q2 2023.
- Israel Englander opened 870 new positions and closed 1,192 in Q2 2023.
- Israel Englander's portfolio value rose 16% quarter-over-quarter to $203B.
Based on Millennium Management's 13F filing for Q2 2023, filed 14 Aug 2023.