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 | |
|---|---|---|---|---|---|---|
151
IBM
IBM
$222B
| $171M | 0.1% |
1,302,363
+1,289,626
| +10,125% | +$173M |
|
152
CALL
Alibaba
BABA
$286B
| $171M | 0.1% |
1,669,300
-547,100
| -25% | -$54.8M |
|
153
Alphabet (Google) Class C
GOOG
$4.18T
| $169M | 0.1% |
1,624,839
+1,028,653
| +173% | +$99.3M |
|
154
Corteva
CTVA
$54.6B
| $169M | 0.1% |
2,794,246
+1,486,843
| +114% | +$90.8M |
|
155
CALL
Lockheed Martin
LMT
$130B
| $168M | 0.1% |
354,400
-168,700
| -32% | -$79.1M |
|
156
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $167M | 0.1% |
2,197,200
-38,800
| -2% | -$3.22M |
|
157
UnitedHealth
UNH
$350B
| $167M | 0.1% |
352,809
-8,488
| -2% | -$4.1M |
|
158
PUT
Visa
V
$693B
| $166M | 0.1% |
735,800
-30,800
| -4% | -$6.86M |
|
159
CALL
Chevron
CVX
$403B
| $164M | 0.09% |
1,002,800
+102,600
| +11% | +$17.2M |
|
160
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $163M | 0.09% |
2,820,394
+2,721,790
| +2,760% | +$148M |
|
161
VF Corp
VFC
$5.65B
| $163M | 0.09% |
7,123,118
+1,391,261
| +24% | +$36.6M |
|
|
162
Alibaba
BABA
$286B
| $163M | 0.09% |
1,761,676
+368,879
| +26% | +$37M |
|
163
Analog Devices
ADI
$182B
| $162M | 0.09% |
821,480
-270,322
| -25% | -$48.5M |
|
|
164
CALL
Boeing
BA
$169B
| $161M | 0.09% |
755,700
+455,300
| +152% | +$94.6M |
|
165
CALL
MetLife
MET
$60B
| $160M | 0.09% |
2,766,300
-420,700
| -13% | -$28.4M |
|
166
TSMC
TSM
$2.17T
| $159M | 0.09% |
2,001,878
-1,704,002
| -46% | -$153M |
|
167
Sensata Technologies
ST
$6.23B
| $159M | 0.09% |
3,172,554
+494,891
| +18% | +$23.9M |
|
168
PUT
Ulta Beauty
ULTA
$22.4B
| $158M | 0.09% |
289,900
-32,600
| -10% | -$16.7M |
|
169
Global Payments
GPN
$24.7B
| $158M | 0.09% |
1,499,419
+1,144,194
| +322% | +$124M |
|
170
Dell
DELL
$286B
| $158M | 0.09% |
3,921,090
-313,935
| -7% | -$12.6M |
|
171
Ford
F
$57.5B
| $157M | 0.09% |
12,444,113
+1,961,525
| +19% | +$24.6M |
|
172
Conagra Brands
CAG
$7.89B
| $157M | 0.09% |
4,171,798
+612,417
| +17% | +$22.7M |
|
173
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $157M | 0.09% |
2,072,076
+1,515,947
| +273% | +$114M |
|
174
PUT
Micron Technology
MU
$1.09T
| $156M | 0.09% |
2,589,600
-734,000
| -22% | -$43M |
|
|
175
CALL
Visa
V
$693B
| $156M | 0.09% |
689,700
-82,400
| -11% | -$18.3M |
|
Similar funds
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.