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 | |
|---|---|---|---|---|---|---|
|
201
CALL
Chevron
CVX
$403B
| $162M | 0.09% |
900,200
-355,100
| -28% | -$62M |
|
202
PUT
Johnson & Johnson
JNJ
$651B
| $161M | 0.09% |
912,900
+72,100
| +9% | +$12.4M |
|
203
Cooper Companies
COO
$14.9B
| $160M | 0.09% |
1,941,036
+259,116
| +15% | +$19.1M |
|
204
CALL
Visa
V
$693B
| $160M | 0.09% |
772,100
+359,900
| +87% | +$72.6M |
|
|
EDR
205
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $160M | 0.09% |
7,114,037
+429,390
| +6% | +$9.16M |
|
|
SCHW
206
PUT
Charles Schwab
SCHW
$194B
| $160M | 0.09% |
1,922,200
+724,000
| +60% | +$56.2M |
|
207
Merck
MRK
$376B
| $160M | 0.09% |
1,437,922
+94,582
| +7% | +$9.67M |
|
|
208
PUT
Visa
V
$693B
| $159M | 0.09% |
766,600
+10,900
| +1% | +$2.2M |
|
209
Monolithic Power Systems
MPWR
$64.7B
| $159M | 0.09% |
448,959
+36,448
| +9% | +$13.1M |
|
210
Domino's
DPZ
$11.3B
| $159M | 0.09% |
458,119
+96,257
| +27% | +$33.7M |
|
211
LPL Financial
LPLA
$28.5B
| $159M | 0.09% |
733,703
+333,987
| +84% | +$78.1M |
|
212
Baxter International
BAX
$13.6B
| $158M | 0.09% |
3,109,466
-3,188,863
| -51% | -$171M |
|
213
VF Corp
VFC
$5.65B
| $158M | 0.09% |
5,731,857
+5,620,786
| +5,061% | +$165M |
|
214
Textron
TXT
$14.3B
| $158M | 0.09% |
2,227,293
+2,188,899
| +5,701% | +$149M |
|
215
Bunge Global
BG
$21.7B
| $157M | 0.09% |
1,569,354
+797,600
| +103% | +$76.6M |
|
216
GSK
GSK
$105B
| $156M | 0.09% |
4,446,005
+1,745,848
| +65% | +$58.2M |
|
217
PUT
United Parcel Service
UPS
$86.8B
| $155M | 0.09% |
893,300
+269,400
| +43% | +$46.6M |
|
218
PUT
RTX Corp
RTX
$283B
| $155M | 0.09% |
1,538,600
+428,200
| +39% | +$40.3M |
|
219
PUT
Cisco
CSCO
$438B
| $155M | 0.09% |
3,252,500
+1,030,600
| +46% | +$46.9M |
|
220
Toll Brothers
TOL
$13.7B
| $155M | 0.09% |
3,096,331
+2,263,039
| +272% | +$104M |
|
221
PUT
Costco
COST
$420B
| $154M | 0.09% |
337,000
+31,200
| +10% | +$15.2M |
|
222
Crown Castle
CCI
$32.1B
| $154M | 0.09% |
1,133,080
+733,715
| +184% | +$99.2M |
|
223
PUT
McKesson
MCK
$100B
| $153M | 0.08% |
408,400
+37,700
| +10% | +$14.1M |
|
224
PUT
Coca-Cola
KO
$392B
| $153M | 0.08% |
2,398,900
+569,500
| +31% | +$34.4M |
|
|
225
PUT
Merck
MRK
$376B
| $153M | 0.08% |
1,375,100
-337,000
| -20% | -$34.4M |
|
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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.