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
|
+$770M |
| 2 |
PRAH
PRA Health Sciences, Inc.
PRAH
|
+$580M |
| 3 |
ALXN
Alexion Pharmaceuticals
ALXN
|
+$391M |
| 4 |
PFPT
Proofpoint, Inc.
PFPT
|
+$322M |
| 5 |
UnitedHealth
UNH
|
+$283M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.21B |
| 2 |
VAR
Varian Medical Systems, Inc.
VAR
|
+$351M |
| 3 |
RP
RealPage, Inc.
RP
|
+$316M |
| 4 |
Shopify
SHOP
|
+$312M |
| 5 |
Boeing
BA
|
+$310M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.24% |
| 2 | Healthcare | 7.69% |
| 3 | Financials | 5.89% |
| 4 | Consumer Discretionary | 5.65% |
| 5 | Industrials | 4.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $705M | 0.43% |
19,220,700
-2,666,200
| -12% | -$97.5M |
|
27
CALL
Tesla
TSLA
$1.43T
| $643M | 0.39% |
2,836,200
+1,286,700
| +83% | +$279M |
|
28
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $622M | 0.38% |
6,072,400
+2,675,300
| +79% | +$274M |
|
|
PRAH
29
DELISTED
PRA Health Sciences, Inc.
PRAH
| $616M | 0.38% |
3,730,627
+3,476,898
| +1,370% | +$580M |
|
30
PUT
JPMorgan Chase
JPM
$935B
| $612M | 0.38% |
3,933,000
+1,250,400
| +47% | +$196M |
|
31
PUT
Salesforce
CRM
$171B
| $589M | 0.36% |
2,410,400
+339,100
| +16% | +$78.2M |
|
32
Meta Platforms (Facebook)
META
$1.4T
| $572M | 0.35% |
1,644,008
-652,309
| -28% | -$209M |
|
33
PUT
Intel
INTC
$476B
| $533M | 0.33% |
9,491,100
-594,900
| -6% | -$34.9M |
|
|
INFO
34
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $509M | 0.31% |
4,515,013
+2,173,278
| +93% | +$231M |
|
35
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $502M | 0.31% |
6,433,000
+2,857,000
| +80% | +$207M |
|
|
36
CALL
Meta Platforms (Facebook)
META
$1.4T
| $474M | 0.29% |
1,362,200
+567,500
| +71% | +$182M |
|
37
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $471M | 0.29% |
1,100,400
-1,085,200
| -50% | -$453M |
|
38
PUT
Snap
SNAP
$8.86B
| $453M | 0.28% |
6,641,700
-366,300
| -5% | -$22M |
|
39
PUT
Micron Technology
MU
$1.09T
| $449M | 0.28% |
5,286,700
+1,553,000
| +42% | +$131M |
|
40
PUT
Advanced Micro Devices
AMD
$773B
| $433M | 0.27% |
4,605,900
-2,439,500
| -35% | -$197M |
|
41
PUT
Qualcomm
QCOM
$169B
| $419M | 0.26% |
2,929,200
+632,100
| +28% | +$85.4M |
|
42
PUT
PayPal
PYPL
$52.7B
| $410M | 0.25% |
1,407,000
-102,900
| -7% | -$27.2M |
|
43
PUT
Broadcom
AVGO
$1.75T
| $393M | 0.24% |
8,239,000
+3,617,000
| +78% | +$168M |
|
44
Honeywell
HON
$68.4B
| $389M | 0.24% |
1,881,376
+887,818
| +89% | +$188M |
|
45
PUT
Citigroup
C
$221B
| $389M | 0.24% |
5,497,400
+2,593,000
| +89% | +$192M |
|
46
Walmart Inc
WMT
$825B
| $375M | 0.23% |
7,980,477
+4,864,617
| +156% | +$227M |
|
|
DOCU
47
PUT
DocuSign
DOCU
$11.8B
| $366M | 0.22% |
1,308,400
+246,100
| +23% | +$55M |
|
48
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $365M | 0.22% |
13,544,600
+6,661,400
| +97% | +$173M |
|
|
PFPT
49
DELISTED
Proofpoint, Inc.
PFPT
| $362M | 0.22% |
2,083,774
+1,981,846
| +1,944% | +$322M |
|
50
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $349M | 0.21% |
2,784,000
-342,000
| -11% | -$40.8M |
|
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Israel Englander's Q2 2021 Portfolio in Review
As of Q2 2021, Israel Englander held 7,530 positions worth $163B, up 17% from $140B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander deployed $13.3B of net new capital in Q2 2021, opening 1,692 new positions and adding to 2,343 existing holdings. Its largest new stake was SiteOne Landscape Supply: 609,104 shares worth $103M.
By sector, the portfolio is most concentrated in Technology at 8.2% of assets, down from 9.6% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Apple, an estimated $1.21B trimmed.
- Israel Englander's largest Q2 2021 buy was SiteOne Landscape Supply: 609,104 shares worth $103M.
- Israel Englander added most to Linde in Q2 2021, an estimated $770M increase.
- Israel Englander's biggest Q2 2021 reduction was Apple, cutting an estimated $1.21B.
- Israel Englander fully exited Varian Medical Systems, Inc. in Q2 2021, selling an estimated $351M.
- Israel Englander's ten largest holdings make up 20% of its $163B portfolio in Q2 2021.
- Israel Englander opened 1,692 new positions and closed 1,075 in Q2 2021.
- Israel Englander's portfolio value rose 17% quarter-over-quarter to $163B.
Based on Millennium Management's 13F filing for Q2 2021, filed 16 Aug 2021.