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 Bitcoin Trust
IBIT
|
+$651M |
| 2 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$622M |
| 3 |
Merck
MRK
|
+$496M |
| 4 |
Adobe
ADBE
|
+$446M |
| 5 |
CRH
CRH
|
+$410M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$4.33B |
| 2 |
Microsoft
MSFT
|
+$965M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$542M |
| 4 |
NVIDIA
NVDA
|
+$522M |
| 5 |
Linde
LIN
|
+$377M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.55% |
| 2 | Healthcare | 6.96% |
| 3 | Financials | 6.02% |
| 4 | Industrials | 5.05% |
| 5 | Consumer Discretionary | 4.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
FedEx
FDX
$76.9B
| $248M | 0.11% |
855,675
+716,213
| +514% | +$179M |
|
152
Visa
V
$693B
| $243M | 0.1% |
871,005
+160,890
| +23% | +$44.4M |
|
153
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $243M | 0.1% |
10,088,800
+4,017,000
| +66% | +$92.6M |
|
154
PUT
Nike
NKE
$60.5B
| $242M | 0.1% |
2,570,200
+1,166,400
| +83% | +$119M |
|
155
Natera
NTRA
$47.9B
| $241M | 0.1% |
2,639,254
+1,118,921
| +74% | +$84.2M |
|
|
SCHW
156
PUT
Charles Schwab
SCHW
$194B
| $241M | 0.1% |
3,326,500
+1,916,400
| +136% | +$126M |
|
157
Baker Hughes
BKR
$61.9B
| $240M | 0.1% |
7,163,541
+5,563,965
| +348% | +$172M |
|
158
Cencora
COR
$60.7B
| $237M | 0.1% |
975,484
+199,150
| +26% | +$45.8M |
|
159
Allstate
ALL
$64.2B
| $237M | 0.1% |
1,367,840
+870,381
| +175% | +$137M |
|
160
Universal Health Services
UHS
$10.4B
| $237M | 0.1% |
1,296,248
-170,866
| -12% | -$28.2M |
|
161
Sempra
SRE
$54.2B
| $235M | 0.1% |
3,276,702
+847,674
| +35% | +$60.7M |
|
162
Fluor
FLR
$7.01B
| $235M | 0.1% |
5,565,455
+2,071,273
| +59% | +$79.5M |
|
163
PUT
PayPal
PYPL
$52.7B
| $235M | 0.1% |
3,503,100
+934,400
| +36% | +$57.3M |
|
164
Trade Desk
TTD
$6.19B
| $235M | 0.1% |
2,682,776
-638,656
| -19% | -$48.4M |
|
165
PUT
Caterpillar
CAT
$381B
| $234M | 0.1% |
637,900
-471,800
| -43% | -$151M |
|
166
PG&E
PCG
$38.8B
| $233M | 0.1% |
13,889,408
+7,759,415
| +127% | +$130M |
|
167
PUT
SPDR Gold Trust
GLD
$152B
| $232M | 0.1% |
1,129,000
+47,500
| +4% | +$9.12M |
|
168
PUT
ServiceNow
NOW
$133B
| $232M | 0.1% |
1,519,500
-468,500
| -24% | -$71M |
|
169
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $231M | 0.1% |
1,492,600
+479,600
| +47% | +$66.4M |
|
170
PUT
Intuit
INTU
$100B
| $229M | 0.1% |
352,200
+46,000
| +15% | +$29.4M |
|
171
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $228M | 0.1% |
5,420,600
-3,884,700
| -42% | -$153M |
|
172
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $227M | 0.1% |
1,491,800
+126,700
| +9% | +$18.3M |
|
173
NRG Energy
NRG
$23.8B
| $226M | 0.1% |
3,344,095
+1,701,608
| +104% | +$95.5M |
|
174
EPAM Systems
EPAM
$5.69B
| $225M | 0.1% |
815,646
+491,030
| +151% | +$144M |
|
175
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $225M | 0.1% |
2,370,000
+1,072,300
| +83% | +$99.5M |
|
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Israel Englander's Q1 2024 Portfolio in Review
As of Q1 2024, Israel Englander held 6,887 positions worth $234B, up 1.3% from $231B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Israel Englander withdrew a net $25.1B in Q1 2024, closing 745 positions and reducing 2,484 holdings. Its most notable exit was Splunk Inc, an estimated $319M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 8.3% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in iShares Bitcoin Trust worth $844M.
- Israel Englander's largest Q1 2024 buy was iShares Bitcoin Trust: 20,859,447 shares worth $844M.
- Israel Englander added most to Merck in Q1 2024, an estimated $496M increase.
- Israel Englander's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $4.33B.
- Israel Englander fully exited Splunk Inc in Q1 2024, selling an estimated $319M.
- Israel Englander's ten largest holdings make up 17% of its $234B portfolio in Q1 2024.
- Israel Englander opened 858 new positions and closed 745 in Q1 2024.
- Israel Englander's portfolio value rose 1.3% quarter-over-quarter to $234B.
Based on Millennium Management's 13F filing for Q1 2024, filed 15 May 2024.