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 | |
|---|---|---|---|---|---|---|
|
151
PUT
Union Pacific
UNP
$183B
| $165M | 0.1% |
844,900
-234,300
| -22% | -$51.8M |
|
152
Altria Group
MO
$110B
| $164M | 0.1% |
4,071,581
+271,515
| +7% | +$11.8M |
|
153
PUT
Valero Energy
VLO
$100B
| $164M | 0.1% |
1,537,500
-279,700
| -15% | -$30.8M |
|
|
TWTR
154
PUT
DELISTED
Twitter, Inc.
TWTR
| $163M | 0.1% |
3,714,900
+766,200
| +26% | +$31.2M |
|
155
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $163M | 0.1% |
2,283,690
+1,055,526
| +86% | +$82.6M |
|
156
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $162M | 0.1% |
4,944,838
+4,517,226
| +1,056% | +$166M |
|
157
TransDigm Group
TDG
$66.4B
| $161M | 0.1% |
306,522
+209,583
| +216% | +$125M |
|
158
Albemarle
ALB
$16.9B
| $160M | 0.09% |
603,396
+70,991
| +13% | +$18.1M |
|
159
BioMarin Pharmaceuticals
BMRN
$12.9B
| $159M | 0.09% |
1,874,272
+348,269
| +23% | +$31M |
|
|
160
PUT
Eli Lilly
LLY
$1.12T
| $159M | 0.09% |
490,300
-8,800
| -2% | -$2.79M |
|
161
Zscaler
ZS
$29.4B
| $158M | 0.09% |
964,191
+632,914
| +191% | +$104M |
|
162
Nike
NKE
$60.5B
| $157M | 0.09% |
1,892,169
+669,718
| +55% | +$72.1M |
|
163
CDW
CDW
$17.2B
| $157M | 0.09% |
1,005,200
+644,648
| +179% | +$111M |
|
164
Analog Devices
ADI
$182B
| $156M | 0.09% |
1,122,187
+661,338
| +144% | +$105M |
|
165
Carlisle Companies
CSL
$14.6B
| $156M | 0.09% |
555,679
+364,384
| +190% | +$104M |
|
166
Delta Air Lines
DAL
$54.2B
| $156M | 0.09% |
5,543,969
+1,070,801
| +24% | +$34M |
|
167
Lam Research
LRCX
$393B
| $154M | 0.09% |
4,220,720
+3,957,080
| +1,501% | +$176M |
|
168
PUT
United Airlines
UAL
$36.7B
| $154M | 0.09% |
4,741,900
-3,106,800
| -40% | -$116M |
|
169
Biohaven
BHVN
$2.09B
| $153M | 0.09% |
+1,034,932
| New | +$7.51M |
|
170
Medtronic
MDT
$119B
| $153M | 0.09% |
1,889,703
+482,775
| +34% | +$43.4M |
|
|
DFS
171
DELISTED
Discover Financial Services
DFS
| $152M | 0.09% |
1,673,491
+1,095,270
| +189% | +$111M |
|
172
CALL
McDonald's
MCD
$192B
| $152M | 0.09% |
658,400
+85,500
| +15% | +$21.9M |
|
173
Linde
LIN
$225B
| $152M | 0.09% |
562,491
+206,630
| +58% | +$59.3M |
|
174
TSMC
TSM
$2.17T
| $152M | 0.09% |
2,209,820
-1,429,679
| -39% | -$118M |
|
175
FedEx
FDX
$76.9B
| $151M | 0.09% |
1,016,640
+15,998
| +2% | +$3.38M |
|
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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.