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 | |
|---|---|---|---|---|---|---|
151
AbbVie
ABBV
$468B
| $216M | 0.1% |
1,094,983
+114,751
| +12% | +$21.4M |
|
152
PUT
American Express
AXP
$227B
| $216M | 0.1% |
796,200
-82,300
| -9% | -$20.5M |
|
153
Costco
COST
$420B
| $216M | 0.1% |
243,480
+18,393
| +8% | +$16M |
|
154
MasTec
MTZ
$21.4B
| $216M | 0.1% |
1,753,266
+1,144,034
| +188% | +$125M |
|
155
PUT
Walt Disney
DIS
$186B
| $214M | 0.1% |
2,221,400
-527,800
| -19% | -$48.6M |
|
156
PUT
Marvell Technology
MRVL
$213B
| $213M | 0.1% |
2,959,500
+975,200
| +49% | +$67.4M |
|
157
Teva Pharmaceuticals
TEVA
$43.5B
| $213M | 0.1% |
11,813,229
-314,948
| -3% | -$5.51M |
|
158
Regeneron Pharmaceuticals
REGN
$85.9B
| $211M | 0.1% |
201,174
-65,858
| -25% | -$73.3M |
|
159
PG&E
PCG
$38.8B
| $211M | 0.1% |
10,683,447
+2,483,703
| +30% | +$46.5M |
|
160
Citigroup
C
$221B
| $211M | 0.1% |
3,368,357
-342,625
| -9% | -$21.2M |
|
161
JD.com
JD
$39.7B
| $209M | 0.1% |
5,224,630
+4,403,436
| +536% | +$121M |
|
162
PUT
Palo Alto Networks
PANW
$292B
| $207M | 0.1% |
1,213,000
+122,600
| +11% | +$20.6M |
|
163
Allstate
ALL
$64.2B
| $207M | 0.1% |
1,092,312
+204,114
| +23% | +$36.2M |
|
164
CALL
Pinduoduo
PDD
$126B
| $207M | 0.1% |
1,533,300
+1,257,700
| +456% | +$155M |
|
165
CALL
Netflix
NFLX
$331B
| $205M | 0.1% |
2,885,000
-294,000
| -9% | -$19.7M |
|
|
166
Merck
MRK
$376B
| $204M | 0.1% |
1,796,976
-7,788,203
| -81% | -$925M |
|
167
Union Pacific
UNP
$183B
| $203M | 0.1% |
822,918
-674,429
| -45% | -$164M |
|
168
C.H. Robinson
CHRW
$16.5B
| $202M | 0.1% |
1,825,866
-505,648
| -22% | -$49.1M |
|
169
Evergy
EVRG
$18.7B
| $201M | 0.1% |
3,236,171
-446,829
| -12% | -$26M |
|
170
Universal Health Services
UHS
$10.4B
| $200M | 0.09% |
872,862
-79,019
| -8% | -$17M |
|
|
171
Broadcom
AVGO
$1.75T
| $199M | 0.09% |
1,153,736
-4,771,274
| -81% | -$765M |
|
172
SBA Communications
SBAC
$19.4B
| $198M | 0.09% |
823,469
-449,083
| -35% | -$99.5M |
|
173
Bio-Rad Laboratories Class A
BIO
$10.2B
| $195M | 0.09% |
583,800
+575,643
| +7,057% | +$183M |
|
174
LPL Financial
LPLA
$28.5B
| $195M | 0.09% |
839,199
+396,104
| +89% | +$89.3M |
|
175
Twilio
TWLO
$34.6B
| $195M | 0.09% |
2,985,848
-2,593,178
| -46% | -$155M |
|
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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.