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 | |
|---|---|---|---|---|---|---|
201
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $140M | 0.08% |
1,155,500
-299,900
| -21% | -$38.6M |
|
202
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $140M | 0.08% |
1,365,000
+1,095,000
| +406% | +$121M |
|
203
Ferguson
FERG
$46.9B
| $140M | 0.08% |
1,358,286
+652,021
| +92% | +$76.1M |
|
204
Zimmer Biomet
ZBH
$19.3B
| $138M | 0.08% |
1,317,439
+1,060,636
| +413% | +$116M |
|
205
PUT
Johnson & Johnson
JNJ
$651B
| $137M | 0.08% |
840,800
+71,400
| +9% | +$12.1M |
|
206
TE Connectivity
TEL
$58.9B
| $136M | 0.08% |
1,235,163
+685,976
| +125% | +$85.4M |
|
207
CALL
iShares MSCI EAFE ETF
EFA
$80B
| $136M | 0.08% |
2,429,000
+228,000
| +10% | +$14.2M |
|
|
EDR
208
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $135M | 0.08% |
6,684,647
+165,095
| +3% | +$3.73M |
|
209
Southern Company
SO
$102B
| $135M | 0.08% |
1,981,230
+1,954,279
| +7,251% | +$148M |
|
210
PUT
Visa
V
$693B
| $134M | 0.08% |
755,700
+35,300
| +5% | +$7.18M |
|
|
211
CALL
Amgen
AMGN
$238B
| $133M | 0.08% |
590,700
+206,000
| +54% | +$49.9M |
|
212
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $132M | 0.08% |
4,028,200
+2,108,600
| +110% | +$77.3M |
|
213
CALL
Gilead Sciences
GILD
$181B
| $132M | 0.08% |
2,136,100
+787,000
| +58% | +$49.6M |
|
214
PUT
Netflix
NFLX
$331B
| $132M | 0.08% |
5,591,000
-3,143,000
| -36% | -$69.8M |
|
215
CALL
Wells Fargo
WFC
$254B
| $131M | 0.08% |
3,266,900
+306,500
| +10% | +$13.2M |
|
|
216
CALL
Johnson & Johnson
JNJ
$651B
| $130M | 0.08% |
794,500
+166,800
| +27% | +$28.2M |
|
217
CALL
AbbVie
ABBV
$468B
| $129M | 0.08% |
961,000
+217,800
| +29% | +$31.3M |
|
218
Ares Management
ARES
$31.9B
| $129M | 0.08% |
2,080,439
+980,341
| +89% | +$68.5M |
|
219
HCA Healthcare
HCA
$92.9B
| $128M | 0.08% |
699,026
+292,058
| +72% | +$58.2M |
|
|
ZEN
220
DELISTED
ZENDESK INC
ZEN
| $128M | 0.08% |
1,683,287
+556,175
| +49% | +$42.2M |
|
|
221
PUT
AbbVie
ABBV
$468B
| $128M | 0.08% |
952,200
-121,600
| -11% | -$17.4M |
|
222
S&P Global
SPGI
$127B
| $128M | 0.08% |
418,186
+219,631
| +111% | +$78.6M |
|
223
CALL
NextEra Energy
NEE
$174B
| $127M | 0.08% |
1,624,900
+932,300
| +135% | +$79.1M |
|
224
Fastenal
FAST
$58.8B
| $127M | 0.08% |
5,528,958
+3,582,404
| +184% | +$90.3M |
|
225
Cognizant
CTSH
$27.9B
| $127M | 0.08% |
2,214,242
+2,143,676
| +3,038% | +$140M |
|
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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.