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 |
MNTA
Momenta Pharmaceuticals, Inc.
MNTA
|
+$261M |
| 2 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$241M |
| 3 |
IMMU
Immunomedics Inc
IMMU
|
+$234M |
| 4 |
Keurig Dr Pepper
KDP
|
+$173M |
| 5 |
FedEx
FDX
|
+$150M |
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 | |
|---|---|---|---|---|---|---|
1976
Cboe Global Markets
CBOE
$32.6B
| $7.81M | 0.01% |
83,907
+61,140
| +269% | +$5.35M |
|
1977
National Fuel Gas
NFG
$7.94B
| $7.81M | 0.01% |
+189,963
| New | +$7.91M |
|
|
GRSVW
1978
CALL
DELISTED
Gores Holdings V, Inc. Warrant
GRSVW
| $7.81M | 0.01% |
+750,634
| New | +$1.09M |
|
|
THWWW
1979
CALL
DELISTED
Target Hospitality Corp. Warrant expiring 3/15/2024
THWWW
| $7.8M | 0.01% |
4,940,000
+796,000
| +19% | +$56.7K |
|
1980
CALL
Clover Health Investments
CLOV
$2.26B
| $7.8M | 0.01% |
+465,000
| New | +$5.18M |
|
1981
Whirlpool
WHR
$2.62B
| $7.79M | 0.01% |
43,167
-214,403
| -83% | -$41.1M |
|
1982
Blackstone Mortgage Trust
BXMT
$2.35B
| $7.79M | 0.01% |
282,945
-159,048
| -36% | -$4.01M |
|
1983
Vanguard Total International Bond ETF
BNDX
$82.8B
| $7.77M | 0.01% |
132,665
+15,905
| +14% | +$929K |
|
|
CLII.U
1984
DELISTED
Climate Change Crisis Real Impact I Acquisition Corporation Units, each consisting of one share of C
CLII.U
| $7.76M | 0.01% |
726,300
| – | – |
|
1985
Seres Therapeutics
MCRB
$47.8M
| $7.76M | 0.01% |
15,837
+1,743
| +12% | +$1.02M |
|
|
FARO
1986
DELISTED
Faro Technologies
FARO
| $7.76M | 0.01% |
+109,816
| New | +$7.26M |
|
1987
CALL
Revvity
RVTY
$14.1B
| $7.75M | 0.01% |
+54,000
| New | +$7.19M |
|
1988
Hope Bancorp
HOPE
$1.78B
| $7.74M | 0.01% |
709,407
+368,520
| +108% | +$3.43M |
|
|
NOACU
1989
DELISTED
Natural Order Acquisition Corp. Unit
NOACU
| $7.74M | 0.01% |
+713,134
| New | +$7.61M |
|
|
BIG
1990
DELISTED
Big Lots, Inc.
BIG
| $7.73M | 0.01% |
180,077
-112,741
| -39% | -$5.48M |
|
1991
Ericsson
ERIC
$32.9B
| $7.73M | 0.01% |
646,770
-681,558
| -51% | -$7.99M |
|
|
CBAY
1992
DELISTED
Cymabay Therapeutics
CBAY
| $7.73M | 0.01% |
1,346,048
-336,355
| -20% | -$2.55M |
|
1993
Assured Guaranty
AGO
$3.34B
| $7.72M | 0.01% |
245,331
+23,924
| +11% | +$703K |
|
|
EGIO
1994
DELISTED
Edgio, Inc. Common Stock
EGIO
| $7.71M | 0.01% |
48,275
-20,077
| -29% | -$3.67M |
|
1995
ARS Pharmaceuticals
SPRY
$600M
| $7.69M | 0.01% |
+166,039
| New | +$5.55M |
|
1996
Progressive
PGR
$129B
| $7.68M | 0.01% |
77,695
-417,022
| -84% | -$39.5M |
|
1997
Petrobras Class A
PBR.A
$103B
| $7.68M | 0.01% |
694,041
+543,709
| +362% | +$4.75M |
|
1998
Tenaris
TS
$27.2B
| $7.67M | 0.01% |
480,988
-22,792
| -5% | -$303K |
|
1999
Mission Produce
AVO
$1.14B
| $7.66M | 0.01% |
+509,011
| New | +$6.88M |
|
2000
Liberty Global Class C
LBTYK
$3.58B
| $7.66M | 0.01% |
323,849
+43,758
| +16% | +$948K |
|
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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 71% from $81.2B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander deployed $41.4B 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 Momenta Pharmaceuticals, Inc. in Q4 2020, selling an estimated $261M.
- 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 71% quarter-over-quarter to $138B.
Based on Millennium Management's 13F filing for Q4 2020, filed 16 Feb 2021.