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 | Miscellaneous | 54.77% |
| 2 | Financials | 8.19% |
| 3 | Technology | 7.88% |
| 4 | Healthcare | 6.85% |
| 5 | Industrials | 5.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Bath & Body Works
BBWI
$3.76B
| $10.3M | 0.01% |
315,886
-2,224,671
| -88% | -$78.5M |
|
|
CD
2052
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $10.3M | 0.01% |
1,274,340
-316,428
| -20% | -$2.44M |
|
2053
Grupo Aeroportuario Centro Norte
OMAB
$4.96B
| $10.3M | 0.01% |
205,227
+55,766
| +37% | +$2.92M |
|
2054
West Fraser Timber
WFG
$5.4B
| $10.3M | 0.01% |
142,141
+136,047
| +2,232% | +$11.8M |
|
2055
Concentrix
CNXC
$1.72B
| $10.3M | 0.01% |
92,120
+20,923
| +29% | +$2.68M |
|
|
ABP
2056
DELISTED
Abpro Holdings
ABP
| $10.3M | 0.01% |
34,169
+6,827
| +25% | +$2.05M |
|
|
FCAX
2057
DELISTED
Fortress Capital Acquisition Corp.
FCAX
| $10.3M | 0.01% |
1,031,654
-1,278
| -0.1% | -$12.7K |
|
2058
Xylem
XYL
$26.3B
| $10.3M | 0.01% |
117,382
-62,827
| -35% | -$5.71M |
|
2059
Manitowoc
MTW
$686M
| $10.3M | 0.01% |
1,322,650
+900,123
| +213% | +$9.11M |
|
|
ALE
2060
DELISTED
Allete
ALE
| $10.2M | 0.01% |
204,743
-531,044
| -72% | -$31.6M |
|
|
TBRG
2061
DELISTED
TruBridge
TBRG
| $10.2M | 0.01% |
367,414
+335,834
| +1,063% | +$10.4M |
|
2062
Ford
F
$55.6B
| $10.2M | 0.01% |
913,914
-4,725,460
| -84% | -$66.1M |
|
2063
Maximus
MMS
$3.12B
| $10.2M | 0.01% |
176,711
+76,542
| +76% | +$4.77M |
|
2064
Hormel Foods
HRL
$11.7B
| $10.2M | 0.01% |
+225,013
| New | +$10.9M |
|
2065
Teradata
TDC
$2.66B
| $10.2M | 0.01% |
328,664
-63,846
| -16% | -$2.23M |
|
|
DNAB
2066
DELISTED
Social Capital Suvretta Holdings Corp. II Class A Ordinary Shares
DNAB
| $10.2M | 0.01% |
1,041,407
+162,115
| +18% | +$1.58M |
|
|
CFLT
2067
DELISTED
Confluent
CFLT
| $10.2M | 0.01% |
429,287
-446,286
| -51% | -$12M |
|
2068
MSC Industrial Direct
MSM
$6.81B
| $10.2M | 0.01% |
139,980
-99,473
| -42% | -$7.84M |
|
2069
Independent Bank
INDB
$3.9B
| $10.2M | 0.01% |
136,742
+117,254
| +602% | +$9.48M |
|
2070
Thermo Fisher Scientific
TMO
$233B
| $10.2M | 0.01% |
20,083
-52,907
| -72% | -$29.6M |
|
2071
On Holding
ONON
$9.68B
| $10.2M | 0.01% |
634,240
+170,029
| +37% | +$3.39M |
|
2072
Kraft Heinz
KHC
$29.8B
| $10.2M | 0.01% |
304,917
-2,478,368
| -89% | -$92.1M |
|
2073
First Merchants
FRME
$2.62B
| $10.2M | 0.01% |
262,760
+254,562
| +3,105% | +$10.1M |
|
|
AFTR
2074
DELISTED
AfterNext HealthTech Acquisition Corp
AFTR
| $10.2M | 0.01% |
1,040,000
| – | – |
|
|
OSH
2075
DELISTED
Oak Street Health, Inc.
OSH
| $10.2M | 0.01% |
414,394
-122,212
| -23% | -$3.23M |
|
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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 $7.73B 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 Miscellaneous at 55% of assets, down from 55% a quarter earlier, followed by Financials and Technology.
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.