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 | |
|---|---|---|---|---|---|---|
51
Salesforce
CRM
$171B
| $338M | 0.21% |
1,385,416
+936,872
| +209% | +$216M |
|
|
52
UnitedHealth
UNH
$350B
| $338M | 0.21% |
844,710
+708,870
| +522% | +$283M |
|
|
WORK
53
DELISTED
Slack Technologies, Inc.
WORK
| $336M | 0.21% |
7,576,012
+1,134,132
| +18% | +$48.5M |
|
54
PUT
Adobe
ADBE
$109B
| $332M | 0.2% |
566,200
+25,000
| +5% | +$12.9M |
|
|
NUAN
55
DELISTED
Nuance Communications, Inc.
NUAN
| $331M | 0.2% |
6,084,230
+5,123,609
| +533% | +$270M |
|
|
XLNX
56
DELISTED
Xilinx Inc
XLNX
| $328M | 0.2% |
2,265,333
+431,924
| +24% | +$54.9M |
|
57
PUT
Morgan Stanley
MS
$336B
| $293M | 0.18% |
3,195,200
-109,200
| -3% | -$9.36M |
|
58
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $288M | 0.18% |
7,857,700
+2,524,600
| +47% | +$92.4M |
|
59
Willis Towers Watson
WTW
$31.8B
| $288M | 0.18% |
1,252,297
+134,418
| +12% | +$33.4M |
|
60
PUT
Workday
WDAY
$49.4B
| $288M | 0.18% |
1,205,200
+250,000
| +26% | +$60.1M |
|
61
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $287M | 0.18% |
4,376,300
+3,016,700
| +222% | +$206M |
|
62
PUT
Walmart Inc
WMT
$825B
| $286M | 0.18% |
6,084,600
+3,305,400
| +119% | +$154M |
|
|
MXIM
63
DELISTED
Maxim Integrated Products
MXIM
| $284M | 0.17% |
2,695,982
+623,544
| +30% | +$61M |
|
64
Nike
NKE
$60.5B
| $282M | 0.17% |
1,822,459
+1,154,921
| +173% | +$155M |
|
65
PUT
Visa
V
$693B
| $279M | 0.17% |
1,195,000
-511,600
| -30% | -$117M |
|
|
66
Morgan Stanley
MS
$336B
| $277M | 0.17% |
3,026,109
+952,073
| +46% | +$81.6M |
|
67
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $275M | 0.17% |
3,081,600
+1,808,200
| +142% | +$157M |
|
68
PUT
Target
TGT
$75.1B
| $273M | 0.17% |
1,127,700
+653,100
| +138% | +$143M |
|
69
PUT
Cisco
CSCO
$438B
| $270M | 0.17% |
5,097,200
-2,875,800
| -36% | -$151M |
|
70
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $269M | 0.17% |
968,600
+483,600
| +100% | +$135M |
|
71
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $268M | 0.16% |
2,194,000
-940,000
| -30% | -$110M |
|
|
72
Alphabet (Google) Class C
GOOG
$4.18T
| $243M | 0.15% |
1,940,880
-492,600
| -20% | -$58.7M |
|
73
PUT
Bank of America
BAC
$431B
| $240M | 0.15% |
5,823,600
+214,100
| +4% | +$8.78M |
|
|
KSU
74
DELISTED
Kansas City Southern
KSU
| $239M | 0.15% |
842,704
+172,263
| +26% | +$49.7M |
|
75
PUT
Marathon Petroleum
MPC
$101B
| $238M | 0.15% |
3,938,500
+3,178,600
| +418% | +$186M |
|
Similar funds
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.