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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.72B |
| 2 |
Apple
AAPL
|
+$1.98B |
| 3 |
Microsoft
MSFT
|
+$1.42B |
| 4 |
Alibaba
BABA
|
+$1.03B |
| 5 |
Amazon
AMZN
|
+$924M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keurig Dr Pepper
KDP
|
+$173M |
| 2 |
FedEx
FDX
|
+$150M |
| 3 |
Oracle
ORCL
|
+$139M |
| 4 |
Linde
LIN
|
+$132M |
| 5 |
PayPal
PYPL
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 11.19% |
| 2 | Healthcare | 7.18% |
| 3 | Consumer Discretionary | 7.09% |
| 4 | Financials | 5.3% |
| 5 | Industrials | 4.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
VF Corp
VFC
$5.65B
| $86.6M | 0.06% |
1,014,302
+866,684
| +587% | +$69.3M |
|
252
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $86.6M | 0.06% |
679,200
+529,200
| +353% | +$62.9M |
|
|
CTLT
253
DELISTED
CATALENT, INC.
CTLT
| $85.7M | 0.06% |
823,952
+41,684
| +5% | +$4.04M |
|
254
KBR
KBR
$4.86B
| $85.7M | 0.06% |
2,769,883
-472,244
| -15% | -$12.4M |
|
255
PepsiCo
PEP
$196B
| $85.5M | 0.06% |
576,661
-232,867
| -29% | -$33.1M |
|
|
IPHI
256
PUT
DELISTED
INPHI CORPORATION
IPHI
| $85.3M | 0.06% |
+531,800
| New | +$74.7M |
|
257
Williams Companies
WMB
$86.2B
| $84.6M | 0.06% |
4,219,513
-844,826
| -17% | -$17.1M |
|
258
Lyft
LYFT
$6.61B
| $84.4M | 0.06% |
1,718,351
+1,398,439
| +437% | +$50.9M |
|
259
CALL
Morgan Stanley
MS
$336B
| $84.2M | 0.06% |
1,228,900
+301,300
| +32% | +$17.3M |
|
260
Carrier Global
CARR
$49.8B
| $84M | 0.06% |
2,226,526
-360,110
| -14% | -$13M |
|
261
MongoDB
MDB
$34.7B
| $83.5M | 0.06% |
232,614
+230,823
| +12,888% | +$64.5M |
|
262
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $83.4M | 0.06% |
1,613,900
-1,742,600
| -52% | -$83.8M |
|
263
Crown Holdings
CCK
$13B
| $83.3M | 0.06% |
831,831
-899,702
| -52% | -$82.7M |
|
|
K
264
DELISTED
Kellanova
K
| $83.3M | 0.06% |
1,424,844
+974,020
| +216% | +$58.5M |
|
265
PUT
Western Digital
WDC
$166B
| $82.9M | 0.06% |
1,980,928
+1,107,086
| +127% | +$36.8M |
|
266
American Eagle Outfitters
AEO
$2.71B
| $82.6M | 0.06% |
4,115,925
+3,000,084
| +269% | +$50.4M |
|
267
PUT
Costco
COST
$420B
| $82.5M | 0.06% |
218,900
-83,400
| -28% | -$31.2M |
|
|
GRUB
268
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $82.2M | 0.06% |
553,263
+78,024
| +16% | +$11.5M |
|
269
Bio-Rad Laboratories Class A
BIO
$10.2B
| $82M | 0.06% |
140,699
-26,671
| -16% | -$15.2M |
|
270
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $81.9M | 0.06% |
353,100
+10,000
| +3% | +$2.2M |
|
271
NXP Semiconductors
NXPI
$56.9B
| $81.1M | 0.06% |
510,119
+94,646
| +23% | +$13.9M |
|
272
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $80.7M | 0.06% |
1,196,300
-862,300
| -42% | -$54.9M |
|
|
273
CALL
PayPal
PYPL
$52.7B
| $80.3M | 0.06% |
342,800
-88,200
| -20% | -$18.3M |
|
274
PUT
Etsy
ETSY
$7.44B
| $80.1M | 0.06% |
450,400
+443,500
| +6,428% | +$66.7M |
|
275
TJX Companies
TJX
$155B
| $80M | 0.06% |
1,172,115
-481,233
| -29% | -$29.3M |
|
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Israel Englander's Q4 2020 Portfolio in Review
As of Q4 2020, Israel Englander held 5,904 positions worth $138B, up 170,419% from $81.2M the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander deployed $45.7B of net new capital in Q4 2020, opening 1,518 new positions and adding to 1,899 existing holdings. Its largest new stake was Sotera Health: 2,269,458 shares worth $62.3M.
By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 6.3% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Keurig Dr Pepper, an estimated $173M trimmed.
- Israel Englander's largest Q4 2020 buy was Sotera Health: 2,269,458 shares worth $62.3M.
- Israel Englander added most to State Street SPDR S&P 500 ETF Trust in Q4 2020, an estimated $2.72B increase.
- Israel Englander's biggest Q4 2020 reduction was Keurig Dr Pepper, cutting an estimated $173M.
- Israel Englander fully exited Clover Health Investments in Q4 2020, selling an estimated $36.7M.
- Israel Englander's ten largest holdings make up 20% of its $138B portfolio in Q4 2020.
- Israel Englander opened 1,518 new positions and closed 754 in Q4 2020.
- Israel Englander's portfolio value rose 170,419% quarter-over-quarter to $138B.
Based on Millennium Management's 13F filing for Q4 2020, filed 16 Feb 2021.