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 | |
|---|---|---|---|---|---|---|
126
Becton Dickinson
BDX
$52.3B
| $156M | 0.11% |
637,435
+565,736
| +789% | +$132M |
|
127
CALL
Netflix
NFLX
$331B
| $155M | 0.11% |
2,873,000
-501,000
| -15% | -$25.4M |
|
128
American Tower
AMT
$81.9B
| $154M | 0.11% |
684,113
+61,096
| +10% | +$14.2M |
|
129
CALL
JPMorgan Chase
JPM
$935B
| $152M | 0.11% |
1,197,900
+843,500
| +238% | +$94.3M |
|
130
Illinois Tool Works
ITW
$80.4B
| $152M | 0.11% |
745,546
+708,087
| +1,890% | +$145M |
|
|
OPTU
131
Optimum Communications Inc
OPTU
$323M
| $151M | 0.11% |
3,986,359
+2,801,704
| +236% | +$87.8M |
|
132
Hershey
HSY
$37.5B
| $149M | 0.11% |
976,327
-578,599
| -37% | -$85.6M |
|
133
CALL
Cisco
CSCO
$438B
| $148M | 0.11% |
3,316,500
+1,351,500
| +69% | +$55.5M |
|
134
PUT
Workday
WDAY
$49.4B
| $148M | 0.11% |
617,000
+473,700
| +331% | +$106M |
|
135
Pinduoduo
PDD
$126B
| $146M | 0.11% |
822,598
+564,545
| +219% | +$67.5M |
|
136
Sempra
SRE
$54.2B
| $144M | 0.1% |
2,262,234
+1,869,138
| +475% | +$120M |
|
137
Natera
NTRA
$47.9B
| $144M | 0.1% |
1,445,543
+98,577
| +7% | +$8.24M |
|
138
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $143M | 0.1% |
615,400
-45,600
| -7% | -$10M |
|
139
PUT
Home Depot
HD
$335B
| $142M | 0.1% |
533,800
+13,700
| +3% | +$3.77M |
|
|
RP
140
DELISTED
RealPage, Inc.
RP
| $142M | 0.1% |
1,625,098
+1,103,197
| +211% | +$72.3M |
|
141
Morgan Stanley
MS
$336B
| $139M | 0.1% |
2,027,241
-71,703
| -3% | -$4.11M |
|
142
PUT
RTX Corp
RTX
$283B
| $138M | 0.1% |
1,929,200
+1,014,700
| +111% | +$66.7M |
|
143
SPDR Gold Trust
GLD
$152B
| $137M | 0.1% |
770,416
+705,899
| +1,094% | +$124M |
|
144
Target
TGT
$75.1B
| $135M | 0.1% |
763,426
+191,937
| +34% | +$32M |
|
145
CSX Corp
CSX
$95.6B
| $133M | 0.1% |
4,387,818
-1,950,711
| -31% | -$56M |
|
|
INFO
146
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $133M | 0.1% |
1,475,794
+887,796
| +151% | +$76.9M |
|
147
Verizon
VZ
$205B
| $132M | 0.1% |
2,248,777
+2,200,050
| +4,515% | +$131M |
|
148
Fidelity National Information Services
FIS
$21.3B
| $131M | 0.09% |
928,255
+865,137
| +1,371% | +$123M |
|
|
149
RTX Corp
RTX
$283B
| $130M | 0.09% |
1,811,707
-172,111
| -9% | -$11.3M |
|
150
Marathon Petroleum
MPC
$101B
| $129M | 0.09% |
3,130,321
+253,871
| +9% | +$9.11M |
|
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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.