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 | Miscellaneous | 52.95% |
| 2 | Technology | 8.38% |
| 3 | Healthcare | 7.98% |
| 4 | Financials | 6.14% |
| 5 | Consumer Discretionary | 5.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RADI
2001
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
| $9.28M | 0.01% |
632,544
-301,099
| -32% | -$4.08M |
|
2002
Stride
LRN
$3.55B
| $9.26M | 0.01% |
235,941
-95,420
| -29% | -$3.74M |
|
2003
Unisys
UIS
$198M
| $9.26M | 0.01% |
2,385,522
+165,552
| +7% | +$800K |
|
2004
CALL
DexCom
DXCM
$33.7B
| $9.25M | 0.01% |
79,600
-212,600
| -73% | -$23.8M |
|
2005
Camtek
CAMT
$6.76B
| $9.23M | 0.01% |
325,724
-71,699
| -18% | -$1.91M |
|
|
FYBR
2006
DELISTED
Frontier Communications
FYBR
| $9.23M | 0.01% |
+405,429
| New | +$10.9M |
|
2007
PUT
Vale
VALE
$65.2B
| $9.23M | 0.01% |
+584,700
| New | +$9.9M |
|
2008
Puma Biotechnology
PBYI
$477M
| $9.23M | 0.01% |
2,985,835
+308,922
| +12% | +$1.16M |
|
2009
CALL
Newell Brands
NWL
$2.5B
| $9.21M | 0.01% |
740,300
-127,700
| -15% | -$1.8M |
|
2010
Agilysys
AGYS
$3.4B
| $9.18M | 0.01% |
111,227
-7,082
| -6% | -$573K |
|
2011
Ecovyst
ECVT
$1.11B
| $9.18M | 0.01% |
830,371
-875,101
| -51% | -$9.05M |
|
2012
PUT
Alamos Gold
AGI
$15.9B
| $9.17M | 0.01% |
+750,000
| New | +$8.13M |
|
|
ICPT
2013
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $9.16M | 0.01% |
682,406
-294,300
| -30% | -$5.09M |
|
2014
PUT
Colgate-Palmolive
CL
$72.5B
| $9.16M | 0.01% |
121,900
+8,900
| +8% | +$662K |
|
2015
Rayonier Advanced Materials
RYAM
$570M
| $9.15M | 0.01% |
1,459,457
+277,064
| +23% | +$1.93M |
|
2016
Boise Cascade
BCC
$2.75B
| $9.14M | 0.01% |
144,508
+101,311
| +235% | +$7.03M |
|
2017
Lakeland Financial Corp
LKFN
$1.47B
| $9.14M | 0.01% |
145,865
-36,451
| -20% | -$2.54M |
|
2018
Navitas Semiconductor
NVTS
$3.27B
| $9.13M | 0.01% |
+1,248,526
| New | +$7M |
|
2019
Tencent Music
TME
$14.2B
| $9.13M | 0.01% |
1,102,174
+487,012
| +79% | +$3.98M |
|
2020
Baidu
BIDU
$32.9B
| $9.11M | 0.01% |
146,302
-551,737
| -79% | -$78.3M |
|
2021
AbCellera Biologics
ABCL
$4.02B
| $9.1M | 0.01% |
1,206,698
+779,150
| +182% | +$7.08M |
|
2022
A10 Networks
ATEN
$1.96B
| $9.1M | 0.01% |
587,440
-656,240
| -53% | -$10M |
|
|
VRTV
2023
DELISTED
VERITIV CORPORATION
VRTV
| $9.09M | 0.01% |
67,258
-55,662
| -45% | -$7.13M |
|
2024
State Street SPDR S&P Biotech ETF
XBI
$11.7B
| $9.07M | 0.01% |
119,042
-667,739
| -85% | -$55.4M |
|
2025
PUT
Target
TGT
$75.4B
| $9.06M | 0.01% |
54,700
-277,500
| -84% | -$45.6M |
|
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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 $7.42B 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 Miscellaneous at 53% of assets, up from 53% a quarter earlier, followed by Technology and Healthcare.
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.