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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.38B |
| 2 |
Microsoft
MSFT
|
+$667M |
| 3 |
Spotify
SPOT
|
+$528M |
| 4 |
iShares Bitcoin Trust
IBIT
|
+$438M |
| 5 |
Eli Lilly
LLY
|
+$412M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$2.59B |
| 2 |
Amazon
AMZN
|
+$1.45B |
| 3 |
Merck
MRK
|
+$925M |
| 4 |
Broadcom
AVGO
|
+$765M |
| 5 |
iShares Core S&P 500 ETF
IVV
|
+$672M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.59% |
| 2 | Healthcare | 7.29% |
| 3 | Financials | 7.2% |
| 4 | Industrials | 6.31% |
| 5 | Consumer Discretionary | 4.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
PUT
Chevron
CVX
$403B
| $239M | 0.11% |
1,621,800
-1,021,800
| -39% | -$152M |
|
127
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $238M | 0.11% |
517,500
+87,400
| +20% | +$38.6M |
|
128
GE Aerospace
GE
$361B
| $237M | 0.11% |
1,258,244
-31,898
| -2% | -$5.4M |
|
129
Cooper Companies
COO
$14.9B
| $235M | 0.11% |
2,131,576
+1,670,766
| +363% | +$163M |
|
130
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $235M | 0.11% |
4,153,500
-2,308,300
| -36% | -$127M |
|
131
Micron Technology
MU
$1.09T
| $234M | 0.11% |
2,259,224
+107,249
| +5% | +$11.2M |
|
132
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $234M | 0.11% |
1,775,500
+197,000
| +12% | +$27.2M |
|
133
CALL
Mastercard
MA
$509B
| $232M | 0.11% |
470,100
+191,800
| +69% | +$89.2M |
|
134
HDFC Bank
HDB
$121B
| $231M | 0.11% |
7,378,206
+1,649,916
| +29% | +$50.7M |
|
135
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $230M | 0.11% |
1,378,100
-920,900
| -40% | -$156M |
|
|
K
136
DELISTED
Kellanova
K
| $230M | 0.11% |
2,848,564
-245,075
| -8% | -$17.4M |
|
|
137
Mastercard
MA
$509B
| $228M | 0.11% |
461,816
-87,842
| -16% | -$40.9M |
|
138
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $227M | 0.11% |
2,315,800
-1,700,300
| -42% | -$164M |
|
139
PUT
Thermo Fisher Scientific
TMO
$233B
| $226M | 0.11% |
365,200
+21,500
| +6% | +$12.7M |
|
140
Ovintiv
OVV
$18.5B
| $225M | 0.11% |
5,865,385
+105,919
| +2% | +$4.58M |
|
141
Northrop Grumman
NOC
$78.3B
| $225M | 0.11% |
425,363
-7,670
| -2% | -$3.76M |
|
142
PUT
Citigroup
C
$221B
| $224M | 0.11% |
3,584,900
-1,286,500
| -26% | -$79.6M |
|
143
Icon
ICLR
$13.3B
| $223M | 0.11% |
775,100
-90,257
| -10% | -$28.5M |
|
|
JHG
144
DELISTED
Janus Henderson
JHG
| $223M | 0.11% |
5,847,852
-120,853
| -2% | -$4.37M |
|
|
145
Amazon
AMZN
$2.79T
| $222M | 0.11% |
1,193,514
-7,923,375
| -87% | -$1.45B |
|
146
Marvell Technology
MRVL
$213B
| $221M | 0.1% |
3,065,939
-777,142
| -20% | -$53.7M |
|
147
Keurig Dr Pepper
KDP
$43.6B
| $220M | 0.1% |
5,880,814
+549,622
| +10% | +$19.3M |
|
148
TJX Companies
TJX
$155B
| $220M | 0.1% |
1,871,965
+1,043,514
| +126% | +$120M |
|
|
149
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $217M | 0.1% |
1,652,100
+631,500
| +62% | +$87.2M |
|
150
PUT
PayPal
PYPL
$52.7B
| $217M | 0.1% |
2,778,600
+538,000
| +24% | +$36M |
|
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Israel Englander's Q3 2024 Portfolio in Review
As of Q3 2024, Israel Englander held 6,698 positions worth $211B, down 2.3% from $216B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Israel Englander withdrew a net $20.6B in Q3 2024, closing 667 positions and reducing 2,445 holdings. Its most notable exit was WestRock Company, an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.6% of assets, down from 10% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Smurfit Westrock worth $94.1M.
- Israel Englander's largest Q3 2024 buy was Smurfit Westrock: 1,904,931 shares worth $94.1M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q3 2024, an estimated $1.38B increase.
- Israel Englander's biggest Q3 2024 reduction was Apple, cutting an estimated $2.59B.
- Israel Englander fully exited WestRock Company in Q3 2024, selling an estimated $161M.
- Israel Englander's ten largest holdings make up 17% of its $211B portfolio in Q3 2024.
- Israel Englander opened 898 new positions and closed 667 in Q3 2024.
- Israel Englander's portfolio value fell 2.3% quarter-over-quarter to $211B.
Based on Millennium Management's 13F filing for Q3 2024, filed 14 Nov 2024.