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 |
Invesco QQQ Trust
QQQ
|
+$917M |
| 2 |
Salesforce
CRM
|
+$378M |
| 3 |
Boeing
BA
|
+$297M |
| 4 |
DexCom
DXCM
|
+$292M |
| 5 |
Amazon
AMZN
|
+$267M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRE
Duke Realty Corp.
DRE
|
+$779M |
| 2 |
Chevron
CVX
|
+$569M |
| 3 |
Home Depot
HD
|
+$292M |
| 4 |
PepsiCo
PEP
|
+$259M |
| 5 |
Chubb
CB
|
+$248M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.23% |
| 2 | Healthcare | 7.53% |
| 3 | Financials | 7.5% |
| 4 | Industrials | 5.83% |
| 5 | Consumer Discretionary | 5.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Humana
HUM
$45.5B
| $171M | 0.09% |
334,638
-340,367
| -50% | -$179M |
|
177
Graphic Packaging
GPK
$3.54B
| $171M | 0.09% |
7,690,896
+4,111,129
| +115% | +$90.4M |
|
178
Marvell Technology
MRVL
$213B
| $171M | 0.09% |
4,613,438
+1,926,106
| +72% | +$78.6M |
|
|
DOCU
179
DocuSign
DOCU
$11.8B
| $171M | 0.09% |
3,081,398
+2,070,812
| +205% | +$101M |
|
180
Advanced Micro Devices
AMD
$773B
| $171M | 0.09% |
2,636,521
-909,466
| -26% | -$60M |
|
181
Dell
DELL
$286B
| $170M | 0.09% |
4,235,025
+3,849,767
| +999% | +$152M |
|
182
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $170M | 0.09% |
2,587,900
+158,900
| +7% | +$9.95M |
|
183
Centene
CNC
$32.1B
| $167M | 0.09% |
2,040,861
-625,408
| -23% | -$51.1M |
|
184
Keurig Dr Pepper
KDP
$43.6B
| $167M | 0.09% |
+4,680,704
| New | +$175M |
|
185
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $167M | 0.09% |
230,800
+24,700
| +12% | +$18.2M |
|
186
PUT
Micron Technology
MU
$1.09T
| $166M | 0.09% |
3,323,600
-364,900
| -10% | -$20M |
|
187
Costco
COST
$420B
| $165M | 0.09% |
361,733
-92,140
| -20% | -$45M |
|
|
SF
188
Stifel
SF
$12.2B
| $165M | 0.09% |
4,243,292
+699,507
| +20% | +$27.7M |
|
189
Hewlett Packard
HPE
$70.8B
| $165M | 0.09% |
10,315,382
+5,546,009
| +116% | +$81.8M |
|
190
PNC Financial Services
PNC
$97B
| $165M | 0.09% |
1,042,068
+1,018,041
| +4,237% | +$160M |
|
191
Danaher
DHR
$154B
| $165M | 0.09% |
699,264
+446,246
| +176% | +$103M |
|
192
Progressive
PGR
$127B
| $164M | 0.09% |
1,266,933
+50,583
| +4% | +$6.41M |
|
193
Cognizant
CTSH
$27.9B
| $163M | 0.09% |
2,853,587
+639,345
| +29% | +$37.5M |
|
194
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $163M | 0.09% |
528,200
-130,400
| -20% | -$38.7M |
|
195
CALL
Meta Platforms (Facebook)
META
$1.4T
| $163M | 0.09% |
1,354,200
-803,600
| -37% | -$94.4M |
|
196
Teradyne
TER
$58.7B
| $163M | 0.09% |
1,861,486
+1,374,195
| +282% | +$118M |
|
197
PUT
Adobe
ADBE
$109B
| $162M | 0.09% |
482,500
+326,600
| +209% | +$104M |
|
198
Waters Corp
WAT
$40.4B
| $162M | 0.09% |
473,565
+100,641
| +27% | +$31.8M |
|
199
PUT
FedEx
FDX
$76.9B
| $162M | 0.09% |
935,400
+380,800
| +69% | +$63.3M |
|
200
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $162M | 0.09% |
1,648,200
-980,600
| -37% | -$93.4M |
|
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Israel Englander's Q4 2022 Portfolio in Review
As of Q4 2022, Israel Englander held 7,859 positions worth $181B, up 6.9% from $169B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander's Q4 2022 filing shows 848 new, 2,516 increased, 2,491 reduced and 1,333 closed positions. Its largest new stake was Keurig Dr Pepper: 4,680,704 shares worth $167M. The largest sale was Duke Realty Corp., an estimated $779M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, up from 7.9% a quarter earlier, followed by Healthcare and Financials.
- Israel Englander's largest Q4 2022 buy was Keurig Dr Pepper: 4,680,704 shares worth $167M.
- Israel Englander added most to Invesco QQQ Trust in Q4 2022, an estimated $917M increase.
- Israel Englander's biggest Q4 2022 reduction was Chevron, cutting an estimated $569M.
- Israel Englander fully exited Duke Realty Corp. in Q4 2022, selling an estimated $779M.
- Israel Englander's ten largest holdings make up 20% of its $181B portfolio in Q4 2022.
- Israel Englander opened 848 new positions and closed 1,333 in Q4 2022.
- Israel Englander's portfolio value rose 6.9% quarter-over-quarter to $181B.
Based on Millennium Management's 13F filing for Q4 2022, filed 14 Feb 2023.