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 | Technology | 8.38% |
| 2 | Healthcare | 7.98% |
| 3 | Financials | 6.14% |
| 4 | Consumer Discretionary | 5.62% |
| 5 | Industrials | 5.61% |
| 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
| $9.59B | 5.5% |
23,419,300
+3,238,500
| +16% | +$1.29B |
|
|
2
PUT
Invesco QQQ Trust
QQQ
$486B
| $8.28B | 4.75% |
25,813,400
-2,533,900
| -9% | -$748M |
|
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $7.81B | 4.48% |
43,784,400
+13,161,000
| +43% | +$2.42B |
|
|
4
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $3.32B | 1.9% |
18,617,100
+9,882,700
| +113% | +$1.82B |
|
|
5
CALL
Invesco QQQ Trust
QQQ
$486B
| $3.25B | 1.86% |
10,120,000
-11,099,300
| -52% | -$3.27B |
|
6
PUT
Microsoft
MSFT
$3.59T
| $3.02B | 1.73% |
10,470,600
+1,425,700
| +16% | +$364M |
|
7
PUT
Tesla
TSLA
$1.43T
| $2.8B | 1.6% |
13,478,400
+1,116,000
| +9% | +$195M |
|
|
8
PUT
Apple
AAPL
$4.51T
| $2.08B | 1.19% |
12,606,700
+695,300
| +6% | +$103M |
|
|
9
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.71B | 0.98% |
4,168,800
-1,004,400
| -19% | -$401M |
|
|
10
CALL
Apple
AAPL
$4.51T
| $1.28B | 0.73% |
7,751,800
-397,500
| -5% | -$58.7M |
|
|
11
CALL
Tesla
TSLA
$1.43T
| $1.24B | 0.71% |
5,976,700
-1,472,300
| -20% | -$257M |
|
12
PUT
Amazon
AMZN
$2.79T
| $1.09B | 0.63% |
10,590,300
+1,197,100
| +13% | +$116M |
|
13
PUT
Meta Platforms (Facebook)
META
$1.4T
| $953M | 0.55% |
4,497,000
+979,800
| +28% | +$167M |
|
|
14
Amazon
AMZN
$2.79T
| $913M | 0.52% |
8,842,633
+2,387,880
| +37% | +$231M |
|
15
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $793M | 0.46% |
7,649,500
+10,900
| +0.1% | +$1.05M |
|
|
16
CALL
Microsoft
MSFT
$3.59T
| $715M | 0.41% |
2,480,500
-926,800
| -27% | -$236M |
|
|
17
Meta Platforms (Facebook)
META
$1.4T
| $609M | 0.35% |
2,874,656
-717,259
| -20% | -$122M |
|
18
PUT
JPMorgan Chase
JPM
$935B
| $551M | 0.32% |
4,224,700
-1,054,800
| -20% | -$145M |
|
|
19
Tesla
TSLA
$1.43T
| $534M | 0.31% |
2,572,906
+315,151
| +14% | +$55M |
|
20
PUT
Broadcom
AVGO
$1.75T
| $525M | 0.3% |
8,186,000
-1,692,000
| -17% | -$102M |
|
|
21
PUT
NVIDIA
NVDA
$5.2T
| $507M | 0.29% |
18,252,000
-5,242,000
| -22% | -$113M |
|
22
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $506M | 0.29% |
15,744,000
-1,369,700
| -8% | -$47.6M |
|
|
23
NVIDIA
NVDA
$5.2T
| $485M | 0.28% |
17,471,880
+13,440,640
| +333% | +$291M |
|
24
Boston Scientific
BSX
$73B
| $480M | 0.28% |
10,084,983
+890,070
| +10% | +$41.9M |
|
|
25
Microsoft
MSFT
$3.59T
| $479M | 0.27% |
1,661,552
+659,333
| +66% | +$168M |
|
Similar funds
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 $18.1B 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 Technology at 8.4% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Financials.
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.