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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $6.52B | 3.86% |
18,260,900
+3,669,200
| +25% | +$1.46B |
|
|
2
PUT
Invesco QQQ Trust
QQQ
$486B
| $6.39B | 3.78% |
23,897,000
+2,854,000
| +14% | +$861M |
|
|
3
CALL
Invesco QQQ Trust
QQQ
$486B
| $5.67B | 3.35% |
21,223,800
+3,734,300
| +21% | +$1.13B |
|
4
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $5.46B | 3.23% |
33,101,900
+6,701,700
| +25% | +$1.22B |
|
5
PUT
Tesla
TSLA
$1.43T
| $3.91B | 2.31% |
14,722,500
+276,300
| +2% | +$77.2M |
|
|
6
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.48B | 1.46% |
15,017,500
-2,761,300
| -16% | -$504M |
|
|
7
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.3B | 1.36% |
6,426,500
-1,286,900
| -17% | -$511M |
|
8
PUT
Apple
AAPL
$4.51T
| $2.17B | 1.28% |
15,688,300
-8,456,400
| -35% | -$1.33B |
|
9
PUT
Microsoft
MSFT
$3.59T
| $2.11B | 1.25% |
9,076,100
+3,010,700
| +50% | +$795M |
|
10
PUT
Amazon
AMZN
$2.79T
| $1.76B | 1.04% |
15,545,400
-3,019,100
| -16% | -$382M |
|
|
11
CALL
Apple
AAPL
$4.51T
| $1.68B | 0.99% |
12,124,600
+643,500
| +6% | +$101M |
|
|
12
CALL
Tesla
TSLA
$1.43T
| $1.1B | 0.65% |
4,144,200
-506,100
| -11% | -$141M |
|
13
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $836M | 0.49% |
8,737,000
-5,773,000
| -40% | -$640M |
|
|
DRE
14
DELISTED
Duke Realty Corp.
DRE
| $779M | 0.46% |
16,166,160
+15,130,791
| +1,461% | +$886M |
|
|
15
CALL
Microsoft
MSFT
$3.59T
| $764M | 0.45% |
3,280,200
-120,500
| -4% | -$31.8M |
|
16
CALL
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| $741M | 0.44% |
2,579,300
+1,019,700
| +65% | +$324M |
|
17
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $736M | 0.44% |
20,425,800
-4,487,200
| -18% | -$170M |
|
|
18
CALL
Amazon
AMZN
$2.79T
| $660M | 0.39% |
5,841,400
-5,090,300
| -47% | -$643M |
|
|
19
Chevron
CVX
$403B
| $562M | 0.33% |
3,911,382
+3,900,995
| +37,557% | +$595M |
|
20
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $519M | 0.31% |
8,807,300
+774,500
| +10% | +$48.4M |
|
21
PUT
Meta Platforms (Facebook)
META
$1.4T
| $504M | 0.3% |
3,714,900
-1,746,000
| -32% | -$283M |
|
22
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $475M | 0.28% |
15,642,300
+1,972,100
| +14% | +$65.2M |
|
23
PUT
Home Depot
HD
$335B
| $464M | 0.27% |
1,681,400
+905,400
| +117% | +$267M |
|
|
24
Amazon
AMZN
$2.79T
| $424M | 0.25% |
3,752,467
+743,564
| +25% | +$94M |
|
|
25
PUT
Chevron
CVX
$403B
| $417M | 0.25% |
2,902,100
+933,100
| +47% | +$142M |
|
Similar funds
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.