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 | |
|---|---|---|---|---|---|---|
1851
Southside Bancshares
SBSI
$956M
| $12.4M | 0.01% |
349,316
+47,785
| +16% | +$1.83M |
|
|
IPVF
1852
DELISTED
InterPrivate III Financial Partners Inc.
IPVF
| $12.3M | 0.01% |
1,261,416
+89,671
| +8% | +$882K |
|
|
IACC
1853
DELISTED
ION Acquisition Corp 3 Ltd.
IACC
| $12.3M | 0.01% |
1,250,287
+358,752
| +40% | +$3.52M |
|
1854
Pebblebrook Hotel Trust
PEB
$2.07B
| $12.3M | 0.01% |
849,691
-88,527
| -9% | -$1.59M |
|
1855
Ecovyst
ECVT
$1.12B
| $12.3M | 0.01% |
1,460,006
+503,385
| +53% | +$4.79M |
|
1856
Teva Pharmaceuticals
TEVA
$44.2B
| $12.3M | 0.01% |
1,523,290
-8,563,015
| -85% | -$75.7M |
|
1857
Global Payments
GPN
$24.6B
| $12.3M | 0.01% |
113,558
-320,912
| -74% | -$39.6M |
|
1858
MacroGenics
MGNX
$257M
| $12.3M | 0.01% |
3,541,952
+932,390
| +36% | +$3.57M |
|
1859
CALL
United Microelectronic
UMC
$47.7B
| $12.3M | 0.01% |
2,200,000
+1,500,000
| +214% | +$9.9M |
|
1860
Ultragenyx Pharmaceutical
RARE
$2.61B
| $12.2M | 0.01% |
295,402
+171,571
| +139% | +$8.82M |
|
1861
CALL
W.W. Grainger
GWW
$62.9B
| $12.2M | 0.01% |
25,000
| – | – |
|
1862
United Rentals
URI
$65.8B
| $12.2M | 0.01% |
45,246
-35,408
| -44% | -$10.3M |
|
1863
CALL
HF Sinclair
DINO
$17.2B
| $12.2M | 0.01% |
226,700
-1,900
| -0.8% | -$93.9K |
|
1864
Bank of Montreal
BMO
$121B
| $12.2M | 0.01% |
139,177
-399,306
| -74% | -$38.6M |
|
1865
CALL
First Solar
FSLR
$22.1B
| $12.2M | 0.01% |
92,200
-24,900
| -21% | -$2.67M |
|
|
CSW
1866
CSW Industrials
CSW
$5.26B
| $12.2M | 0.01% |
101,672
+91,945
| +945% | +$11.2M |
|
1867
Jackson Financial
JXN
$9.05B
| $12.2M | 0.01% |
438,648
+243,096
| +124% | +$7.18M |
|
1868
PUT
Estee Lauder
EL
$38B
| $12.1M | 0.01% |
56,200
+28,300
| +101% | +$7.22M |
|
|
SPR
1869
DELISTED
Spirit AeroSystems
SPR
| $12.1M | 0.01% |
553,376
+200,987
| +57% | +$6.11M |
|
1870
PRA Group
PRAA
$732M
| $12.1M | 0.01% |
369,075
-164,411
| -31% | -$6.12M |
|
1871
Kiniksa Pharmaceuticals
KNSA
$6.14B
| $12.1M | 0.01% |
943,199
+681,827
| +261% | +$7.77M |
|
|
1872
CALL
Bank of Montreal
BMO
$121B
| $12.1M | 0.01% |
+100,000
| New | +$9.67M |
|
1873
Ryan Specialty Holdings
RYAN
$11.1B
| $12.1M | 0.01% |
297,217
+290,619
| +4,405% | +$12.3M |
|
1874
Arbor Realty Trust
ABR
$944M
| $12.1M | 0.01% |
1,049,483
-82,128
| -7% | -$1.21M |
|
|
THAC
1875
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
| $12M | 0.01% |
1,187,960
+36,710
| +3% | +$371K |
|
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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.