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 |
iShares Core S&P 500 ETF
IVV
|
+$1.59B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.04B |
| 3 |
Microsoft
MSFT
|
+$794M |
| 4 |
Home Depot
HD
|
+$512M |
| 5 |
Vertex Pharmaceuticals
VRTX
|
+$357M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tesla
TSLA
|
+$491M |
| 2 |
Linde
LIN
|
+$373M |
| 3 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$298M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$290M |
| 5 |
Salesforce
CRM
|
+$249M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.38% |
| 2 | Healthcare | 7.46% |
| 3 | Consumer Discretionary | 5.14% |
| 4 | Industrials | 5.11% |
| 5 | Financials | 4.95% |
| 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
| $16.6B | 8.16% |
37,350,700
+13,931,400
| +59% | +$5.85B |
|
2
PUT
Invesco QQQ Trust
QQQ
$486B
| $8.07B | 3.98% |
21,841,600
-3,971,800
| -15% | -$1.34B |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $7.17B | 3.54% |
38,313,200
-5,471,200
| -12% | -$975M |
|
|
4
CALL
Invesco QQQ Trust
QQQ
$486B
| $4.7B | 2.32% |
12,726,100
+2,606,100
| +26% | +$877M |
|
|
5
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $3.41B | 1.68% |
18,202,900
-414,200
| -2% | -$73.8M |
|
|
6
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $3.23B | 1.59% |
7,290,500
+3,121,700
| +75% | +$1.31B |
|
|
7
PUT
Tesla
TSLA
$1.43T
| $2.95B | 1.45% |
11,257,500
-2,220,900
| -16% | -$444M |
|
|
8
PUT
Microsoft
MSFT
$3.59T
| $2.43B | 1.2% |
7,124,600
-3,346,000
| -32% | -$1.05B |
|
9
PUT
Apple
AAPL
$4.51T
| $2.34B | 1.15% |
12,070,400
-536,300
| -4% | -$93.5M |
|
|
10
CALL
Apple
AAPL
$4.51T
| $2.09B | 1.03% |
10,770,800
+3,019,000
| +39% | +$526M |
|
11
PUT
Amazon
AMZN
$2.79T
| $1.99B | 0.98% |
15,232,300
+4,642,000
| +44% | +$530M |
|
|
12
iShares Core S&P 500 ETF
IVV
$893B
| $1.92B | 0.95% |
4,301,178
+3,767,187
| +705% | +$1.59B |
|
|
13
CALL
Tesla
TSLA
$1.43T
| $1.81B | 0.89% |
6,912,600
+935,900
| +16% | +$187M |
|
|
14
CALL
Microsoft
MSFT
$3.59T
| $1.57B | 0.77% |
4,601,000
+2,120,500
| +85% | +$665M |
|
15
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.51B | 0.75% |
5,267,400
+770,400
| +17% | +$190M |
|
|
16
Microsoft
MSFT
$3.59T
| $1.43B | 0.7% |
4,195,577
+2,534,025
| +153% | +$794M |
|
17
PUT
NVIDIA
NVDA
$5.2T
| $1.22B | 0.6% |
28,753,000
+10,501,000
| +58% | +$349M |
|
18
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.19B | 0.59% |
9,927,700
+2,278,200
| +30% | +$262M |
|
|
19
NVIDIA
NVDA
$5.2T
| $1.17B | 0.58% |
27,707,060
+10,235,180
| +59% | +$340M |
|
|
20
Amazon
AMZN
$2.79T
| $1B | 0.49% |
7,683,072
-1,159,561
| -13% | -$132M |
|
|
21
CALL
Meta Platforms (Facebook)
META
$1.4T
| $910M | 0.45% |
3,170,400
+1,031,500
| +48% | +$255M |
|
|
22
CALL
Amazon
AMZN
$2.79T
| $893M | 0.44% |
6,849,400
+4,769,400
| +229% | +$545M |
|
23
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $843M | 0.42% |
9,929,200
+5,610,600
| +130% | +$430M |
|
24
PUT
Broadcom
AVGO
$1.75T
| $838M | 0.41% |
9,665,000
+1,479,000
| +18% | +$105M |
|
|
25
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $803M | 0.4% |
3,234,557
+2,484,144
| +331% | +$1.04B |
|
Similar funds
Israel Englander's Q2 2023 Portfolio in Review
As of Q2 2023, Israel Englander held 7,181 positions worth $203B, up 16% from $174B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Israel Englander deployed $14B of net new capital in Q2 2023, opening 870 new positions and adding to 2,213 existing holdings. Its largest new stake was ResMed: 632,015 shares worth $138M.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, down from 8.4% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Tesla, an estimated $491M trimmed.
- Israel Englander's largest Q2 2023 buy was ResMed: 632,015 shares worth $138M.
- Israel Englander added most to iShares Core S&P 500 ETF in Q2 2023, an estimated $1.59B increase.
- Israel Englander's biggest Q2 2023 reduction was Tesla, cutting an estimated $491M.
- Israel Englander fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $237M.
- Israel Englander's ten largest holdings make up 26% of its $203B portfolio in Q2 2023.
- Israel Englander opened 870 new positions and closed 1,192 in Q2 2023.
- Israel Englander's portfolio value rose 16% quarter-over-quarter to $203B.
Based on Millennium Management's 13F filing for Q2 2023, filed 14 Aug 2023.