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 |
Linde
LIN
|
+$374M |
| 2 |
AT&T
T
|
+$293M |
| 3 |
NVIDIA
NVDA
|
+$291M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$283M |
| 5 |
Williams Companies
WMB
|
+$274M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.09B |
| 2 |
Lam Research
LRCX
|
+$351M |
| 3 |
iShares Russell 2000 ETF
IWM
|
+$330M |
| 4 |
Apple
AAPL
|
+$328M |
| 5 |
Boeing
BA
|
+$292M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Cadence Design Systems
CDNS
$87.9B
| $155M | 0.09% |
739,974
+634,082
| +599% | +$120M |
|
177
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $155M | 0.09% |
1,530,000
-624,600
| -29% | -$62.8M |
|
178
CALL
Mastercard
MA
$509B
| $154M | 0.09% |
422,600
+169,600
| +67% | +$61.6M |
|
179
BorgWarner
BWA
$13.8B
| $152M | 0.09% |
3,519,413
+2,435,009
| +225% | +$101M |
|
180
ServiceNow
NOW
$133B
| $152M | 0.09% |
1,633,625
+1,196,150
| +273% | +$104M |
|
181
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $152M | 0.09% |
455,700
-459,700
| -50% | -$153M |
|
182
CALL
Occidental Petroleum Corp Warrants
OXY.WS
$37.1B
| $151M | 0.09% |
3,697,638
+767,274
| +26% | +$31M |
|
|
SGEN
183
DELISTED
Seagen Inc. Common Stock
SGEN
| $150M | 0.09% |
739,541
+717,519
| +3,258% | +$115M |
|
184
AbbVie
ABBV
$468B
| $150M | 0.09% |
939,539
+807,485
| +611% | +$123M |
|
185
Canadian National Railway
CNI
$78.5B
| $149M | 0.09% |
1,263,438
-381,744
| -23% | -$45.1M |
|
186
PUT
ConocoPhillips
COP
$162B
| $148M | 0.09% |
1,496,600
-1,425,000
| -49% | -$156M |
|
187
PUT
Amgen
AMGN
$238B
| $148M | 0.09% |
613,600
+108,400
| +21% | +$26.6M |
|
188
Dollar General
DG
$27.2B
| $148M | 0.09% |
704,761
+463,910
| +193% | +$104M |
|
189
Elevance Health
ELV
$86.9B
| $148M | 0.08% |
321,931
+33,542
| +12% | +$16M |
|
190
Ferguson
FERG
$46.9B
| $148M | 0.08% |
1,103,926
+422,497
| +62% | +$58.7M |
|
191
Revvity
RVTY
$13.9B
| $148M | 0.08% |
1,107,143
+423,825
| +62% | +$55.8M |
|
192
McDonald's
MCD
$192B
| $147M | 0.08% |
526,628
-127,723
| -20% | -$34.2M |
|
193
Sun Communities
SUI
$14.8B
| $147M | 0.08% |
1,043,907
-164,738
| -14% | -$24.1M |
|
194
Fidelity National Information Services
FIS
$21.3B
| $147M | 0.08% |
2,703,683
-1,485,876
| -35% | -$96.7M |
|
195
Applied Materials
AMAT
$391B
| $146M | 0.08% |
1,189,879
-1,092,097
| -48% | -$125M |
|
196
CALL
Johnson & Johnson
JNJ
$651B
| $146M | 0.08% |
940,600
-397,100
| -30% | -$64.1M |
|
197
Baker Hughes
BKR
$61.9B
| $144M | 0.08% |
4,983,674
+4,054,823
| +437% | +$123M |
|
198
CALL
Bristol-Myers Squibb
BMY
$137B
| $144M | 0.08% |
2,072,500
-595,400
| -22% | -$42M |
|
199
Biogen
BIIB
$32B
| $143M | 0.08% |
513,392
+174,807
| +52% | +$48.4M |
|
200
Centene
CNC
$32.1B
| $142M | 0.08% |
2,248,969
+208,108
| +10% | +$14.8M |
|
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Israel Englander's Q1 2023 Portfolio in Review
As of Q1 2023, Israel Englander held 7,511 positions worth $174B, down 3.5% from $181B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Israel Englander withdrew a net $18.1B in Q1 2023, closing 1,206 positions and reducing 2,570 holdings. Its most notable exit was Apollo Global Management, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Israel Englander opened a new position in Warner Bros worth $96.9M.
- Israel Englander's largest Q1 2023 buy was Warner Bros: 6,417,147 shares worth $96.9M.
- Israel Englander added most to Linde in Q1 2023, an estimated $374M increase.
- Israel Englander's biggest Q1 2023 reduction was Invesco QQQ Trust, cutting an estimated $1.09B.
- Israel Englander fully exited Apollo Global Management in Q1 2023, selling an estimated $112M.
- Israel Englander's ten largest holdings make up 25% of its $174B portfolio in Q1 2023.
- Israel Englander opened 987 new positions and closed 1,206 in Q1 2023.
- Israel Englander's portfolio value fell 3.5% quarter-over-quarter to $174B.
Based on Millennium Management's 13F filing for Q1 2023, filed 15 May 2023.