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 | |
|---|---|---|---|---|---|---|
201
Entergy
ETR
$48.8B
| $105M | 0.08% |
2,112,482
-202,058
| -9% | -$10.6M |
|
202
PUT
Johnson & Johnson
JNJ
$651B
| $104M | 0.07% |
658,400
-229,400
| -26% | -$33.9M |
|
203
eBay
EBAY
$46.3B
| $103M | 0.07% |
2,058,956
-41,856
| -2% | -$2.14M |
|
|
PXD
204
DELISTED
Pioneer Natural Resource Co.
PXD
| $103M | 0.07% |
908,332
+712,382
| +364% | +$69.3M |
|
205
PUT
Cigna
CI
$73.3B
| $103M | 0.07% |
495,700
+474,700
| +2,260% | +$93.1M |
|
206
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $103M | 0.07% |
746,134
+553,661
| +288% | +$75.4M |
|
207
Mondelez International
MDLZ
$82.3B
| $102M | 0.07% |
1,750,574
+877,107
| +100% | +$50.1M |
|
208
Citigroup
C
$221B
| $102M | 0.07% |
1,648,054
-25,169
| -2% | -$1.28M |
|
209
Old Dominion Freight Line
ODFL
$42.8B
| $99.8M | 0.07% |
1,022,956
+592,430
| +138% | +$58.9M |
|
210
CALL
AbbVie
ABBV
$468B
| $99M | 0.07% |
923,700
+407,100
| +79% | +$39.1M |
|
211
Trade Desk
TTD
$6.19B
| $99M | 0.07% |
1,235,610
+1,145,330
| +1,269% | +$86.5M |
|
212
Boston Scientific
BSX
$73B
| $98.7M | 0.07% |
2,746,605
+1,085,946
| +65% | +$39.1M |
|
213
Invesco QQQ Trust
QQQ
$486B
| $98.6M | 0.07% |
314,170
+65,336
| +26% | +$19.2M |
|
|
DOCU
214
DocuSign
DOCU
$11.8B
| $98.1M | 0.07% |
441,259
+317,534
| +257% | +$71.3M |
|
215
Roku
ROKU
$23.4B
| $98M | 0.07% |
295,029
+163,443
| +124% | +$42.9M |
|
216
PUT
Caterpillar
CAT
$381B
| $97.2M | 0.07% |
534,200
+21,400
| +4% | +$3.63M |
|
|
217
CALL
Citigroup
C
$221B
| $97.2M | 0.07% |
1,576,900
+792,600
| +101% | +$40.3M |
|
|
SCHW
218
PUT
Charles Schwab
SCHW
$194B
| $97.1M | 0.07% |
+1,831,600
| New | +$82.9M |
|
219
Parker-Hannifin
PH
$126B
| $97M | 0.07% |
356,236
-189,072
| -35% | -$46.8M |
|
220
McKesson
MCK
$100B
| $96.6M | 0.07% |
555,522
-172,674
| -24% | -$28.8M |
|
|
221
PUT
AbbVie
ABBV
$468B
| $96.6M | 0.07% |
901,600
+550,400
| +157% | +$52.9M |
|
|
ECOLW
222
CALL
DELISTED
US Ecology, Inc. Warrant
ECOLW
| $95.4M | 0.07% |
2,625,000
+573,500
| +28% | +$3.6M |
|
223
PUT
QuantumScape Corp
QS
$3.68B
| $95.1M | 0.07% |
+1,125,600
| New | +$41.2M |
|
224
CALL
Intel
INTC
$476B
| $95M | 0.07% |
1,907,500
+900,300
| +89% | +$44M |
|
|
EA
225
PUT
DELISTED
Electronic Arts
EA
| $94.9M | 0.07% |
661,200
+135,300
| +26% | +$17.4M |
|
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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.