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 | |
|---|---|---|---|---|---|---|
176
PACCAR
PCAR
$69B
| $150M | 0.09% |
2,695,857
+453,060
| +20% | +$26.3M |
|
177
Monolithic Power Systems
MPWR
$64.7B
| $150M | 0.09% |
412,511
+269,205
| +188% | +$120M |
|
178
Texas Instruments
TXN
$241B
| $149M | 0.09% |
962,484
+910,477
| +1,751% | +$153M |
|
|
179
NXP Semiconductors
NXPI
$56.9B
| $149M | 0.09% |
1,008,658
-1,479,699
| -59% | -$248M |
|
180
Corteva
CTVA
$54.6B
| $149M | 0.09% |
2,602,004
+1,082,688
| +71% | +$63.1M |
|
181
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $148M | 0.09% |
1,446,259
+1,181,680
| +447% | +$133M |
|
182
American Electric Power
AEP
$65.8B
| $148M | 0.09% |
1,711,491
+1,093,924
| +177% | +$108M |
|
183
PUT
Lowe's Companies
LOW
$121B
| $148M | 0.09% |
786,600
+75,400
| +11% | +$14.7M |
|
184
PUT
Merck
MRK
$376B
| $147M | 0.09% |
1,712,100
-94,300
| -5% | -$8.42M |
|
185
CALL
Altria Group
MO
$110B
| $147M | 0.09% |
3,633,700
+3,414,800
| +1,560% | +$149M |
|
186
Johnson & Johnson
JNJ
$651B
| $146M | 0.09% |
896,213
+701,574
| +360% | +$119M |
|
187
Walt Disney
DIS
$186B
| $145M | 0.09% |
1,541,880
+155,170
| +11% | +$16.6M |
|
|
AVLR
188
DELISTED
Avalara, Inc.
AVLR
| $145M | 0.09% |
1,580,389
+1,312,130
| +489% | +$118M |
|
189
US Bancorp
USB
$96.7B
| $144M | 0.09% |
3,582,747
+2,233,357
| +166% | +$103M |
|
190
PUT
Costco
COST
$420B
| $144M | 0.09% |
305,800
+30,500
| +11% | +$15.9M |
|
191
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $144M | 0.09% |
1,819,100
-260,200
| -13% | -$21.9M |
|
192
CALL
Procter & Gamble
PG
$336B
| $144M | 0.09% |
1,141,000
+517,300
| +83% | +$73.5M |
|
193
PUT
NextEra Energy
NEE
$174B
| $144M | 0.09% |
1,834,200
+256,000
| +16% | +$21.7M |
|
194
PUT
Boeing
BA
$169B
| $143M | 0.08% |
1,184,100
-111,700
| -9% | -$17.1M |
|
195
Uber
UBER
$161B
| $143M | 0.08% |
5,397,821
-487,774
| -8% | -$13.5M |
|
196
Skyworks Solutions
SWKS
$10.1B
| $142M | 0.08% |
1,670,133
+62,296
| +4% | +$6.37M |
|
197
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $142M | 0.08% |
206,100
+2,400
| +1% | +$1.51M |
|
198
PUT
Salesforce
CRM
$171B
| $142M | 0.08% |
987,000
-293,000
| -23% | -$49.7M |
|
199
Progressive
PGR
$127B
| $141M | 0.08% |
1,216,350
+686,309
| +129% | +$82.6M |
|
200
PUT
Abbott
ABT
$202B
| $141M | 0.08% |
1,459,000
+1,156,700
| +383% | +$123M |
|
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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.