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 | |
|---|---|---|---|---|---|---|
101
PUT
Starbucks
SBUX
$122B
| $184M | 0.13% |
1,723,000
+378,900
| +28% | +$36.2M |
|
102
NextEra Energy
NEE
$174B
| $183M | 0.13% |
2,366,854
+1,330,634
| +128% | +$99.5M |
|
103
PUT
Broadcom
AVGO
$1.75T
| $182M | 0.13% |
4,159,000
+1,530,000
| +58% | +$59.6M |
|
104
Boeing
BA
$169B
| $178M | 0.13% |
832,713
+742,034
| +818% | +$143M |
|
105
Qualcomm
QCOM
$169B
| $178M | 0.13% |
1,165,376
+656,422
| +129% | +$91.4M |
|
106
PUT
Goldman Sachs
GS
$303B
| $177M | 0.13% |
669,300
+179,200
| +37% | +$39.9M |
|
107
PUT
Mastercard
MA
$509B
| $174M | 0.13% |
488,500
+9,700
| +2% | +$3.23M |
|
108
Bristol-Myers Squibb
BMY
$137B
| $174M | 0.13% |
2,809,180
-1,543,208
| -35% | -$94.9M |
|
|
BNY
109
Bank of New York Mellon
BNY
$108B
| $171M | 0.12% |
4,018,376
+2,541,238
| +172% | +$97.6M |
|
110
CALL
NVIDIA
NVDA
$5.2T
| $169M | 0.12% |
12,908,000
+7,252,000
| +128% | +$97.1M |
|
111
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $168M | 0.12% |
5,712,300
+2,267,000
| +66% | +$60.6M |
|
112
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $168M | 0.12% |
2,300,000
+800,000
| +53% | +$54.7M |
|
113
Texas Instruments
TXN
$241B
| $164M | 0.12% |
1,001,455
+887,834
| +781% | +$138M |
|
114
Uber
UBER
$161B
| $164M | 0.12% |
3,214,862
+2,637,214
| +457% | +$118M |
|
115
ExxonMobil
XOM
$679B
| $164M | 0.12% |
3,967,373
+1,612,440
| +68% | +$60.5M |
|
116
Lowe's Companies
LOW
$121B
| $163M | 0.12% |
1,017,352
-129,811
| -11% | -$21.1M |
|
117
CALL
Tesla
TSLA
$1.43T
| $163M | 0.12% |
693,300
-48,900
| -7% | -$8.34M |
|
118
Wells Fargo
WFC
$254B
| $162M | 0.12% |
5,383,942
+3,562,475
| +196% | +$92.2M |
|
119
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $162M | 0.12% |
2,014,626
+1,019,968
| +103% | +$78.6M |
|
120
Zoom
ZM
$31.5B
| $161M | 0.12% |
477,131
+399,889
| +518% | +$178M |
|
121
Coca-Cola
KO
$392B
| $160M | 0.12% |
2,910,267
+2,489,531
| +592% | +$129M |
|
122
Abbott
ABT
$202B
| $159M | 0.12% |
1,455,167
+451,970
| +45% | +$49.1M |
|
123
PUT
ServiceNow
NOW
$133B
| $159M | 0.11% |
1,445,000
+166,500
| +13% | +$17.3M |
|
124
Union Pacific
UNP
$183B
| $156M | 0.11% |
750,462
+356,462
| +90% | +$71.2M |
|
|
125
PUT
Boeing
BA
$169B
| $156M | 0.11% |
728,900
+168,600
| +30% | +$32.4M |
|
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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.