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 | |
|---|---|---|---|---|---|---|
76
NVIDIA
NVDA
$5.2T
| $238M | 0.15% |
11,886,720
-12,503,560
| -51% | -$200M |
|
77
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $233M | 0.14% |
5,184,200
+780,300
| +18% | +$68.1M |
|
78
PUT
Starbucks
SBUX
$122B
| $233M | 0.14% |
2,081,200
+380,300
| +22% | +$43M |
|
79
Alphabet (Google) Class A
GOOGL
$4.22T
| $229M | 0.14% |
1,874,000
-1,595,440
| -46% | -$186M |
|
|
PPD
80
DELISTED
PPD, Inc. Common Stock
PPD
| $229M | 0.14% |
4,963,431
+4,948,316
| +32,738% | +$224M |
|
81
Western Digital
WDC
$166B
| $228M | 0.14% |
4,240,488
+1,069,168
| +34% | +$57.8M |
|
82
PUT
Home Depot
HD
$335B
| $225M | 0.14% |
706,400
-263,100
| -27% | -$83.7M |
|
83
PUT
Texas Instruments
TXN
$241B
| $225M | 0.14% |
1,168,400
+532,800
| +84% | +$99.9M |
|
84
Blackstone
BX
$108B
| $221M | 0.14% |
2,275,575
+1,364,898
| +150% | +$121M |
|
85
Johnson & Johnson
JNJ
$651B
| $221M | 0.14% |
1,340,580
+921,641
| +220% | +$153M |
|
86
PUT
Applied Materials
AMAT
$391B
| $221M | 0.14% |
1,550,800
+450,800
| +41% | +$60.5M |
|
|
87
PUT
Western Digital
WDC
$166B
| $218M | 0.13% |
4,050,894
+1,474,748
| +57% | +$79.8M |
|
88
PUT
CVS Health
CVS
$119B
| $218M | 0.13% |
2,607,200
+298,700
| +13% | +$24.5M |
|
89
Natera
NTRA
$47.9B
| $217M | 0.13% |
1,912,471
+282,769
| +17% | +$28.9M |
|
90
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $217M | 0.13% |
1,720,800
-245,400
| -12% | -$30.1M |
|
91
PUT
CrowdStrike
CRWD
$195B
| $216M | 0.13% |
3,445,600
+676,800
| +24% | +$36.4M |
|
92
PUT
IBM
IBM
$222B
| $216M | 0.13% |
1,539,503
+13,912
| +0.9% | +$1.9M |
|
93
Cigna
CI
$73.3B
| $214M | 0.13% |
902,798
+577,668
| +178% | +$144M |
|
94
Microsoft
MSFT
$3.59T
| $214M | 0.13% |
788,792
-1,203,576
| -60% | -$306M |
|
95
PUT
United Parcel Service
UPS
$86.8B
| $213M | 0.13% |
1,025,300
+516,600
| +102% | +$103M |
|
96
Uber
UBER
$161B
| $212M | 0.13% |
4,222,544
+1,198,014
| +40% | +$62.6M |
|
97
Labcorp
LH
$27.3B
| $209M | 0.13% |
882,307
+103,887
| +13% | +$23.7M |
|
98
Marathon Petroleum
MPC
$101B
| $208M | 0.13% |
3,446,738
-767,759
| -18% | -$45M |
|
99
CALL
JPMorgan Chase
JPM
$935B
| $208M | 0.13% |
1,338,100
+402,100
| +43% | +$63.2M |
|
100
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $197M | 0.12% |
1,455,400
+862,200
| +145% | +$113M |
|
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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.