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 | |
|---|---|---|---|---|---|---|
1
CALL
Invesco QQQ Trust
QQQ
$486B
| $4.81B | 2.95% |
13,566,000
+6,180,400
| +84% | +$2.08B |
|
2
PUT
Amazon
AMZN
$2.79T
| $4.03B | 2.47% |
23,432,000
-970,000
| -4% | -$161M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $3.97B | 2.44% |
17,322,200
+251,300
| +1% | +$56.5M |
|
|
4
PUT
Apple
AAPL
$4.51T
| $3.91B | 2.4% |
28,543,900
-3,711,900
| -12% | -$481M |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $3.84B | 2.36% |
10,833,400
-5,606,100
| -34% | -$1.89B |
|
6
PUT
Alibaba
BABA
$286B
| $3.21B | 1.97% |
14,152,200
+4,754,300
| +51% | +$1.06B |
|
7
PUT
Microsoft
MSFT
$3.59T
| $2.41B | 1.48% |
8,902,300
-544,000
| -6% | -$138M |
|
8
PUT
Tesla
TSLA
$1.43T
| $2.39B | 1.46% |
10,530,300
+2,303,400
| +28% | +$500M |
|
|
9
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $2.12B | 1.3% |
9,233,900
-916,800
| -9% | -$206M |
|
10
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.55B | 0.95% |
4,464,600
+422,100
| +10% | +$135M |
|
|
11
CALL
Alibaba
BABA
$286B
| $1.55B | 0.95% |
6,815,000
+2,844,000
| +72% | +$632M |
|
12
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.52B | 0.93% |
3,559,500
-176,900
| -5% | -$73.8M |
|
13
PUT
NVIDIA
NVDA
$5.2T
| $1.28B | 0.79% |
64,232,000
-14,140,000
| -18% | -$227M |
|
14
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.25B | 0.77% |
14,199,300
+9,072,800
| +177% | +$792M |
|
|
15
Amazon
AMZN
$2.79T
| $1.16B | 0.71% |
6,765,260
-84,220
| -1% | -$14M |
|
16
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $1.14B | 0.7% |
15,470,400
+1,071,400
| +7% | +$75.1M |
|
17
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.03B | 0.63% |
8,432,000
-994,000
| -11% | -$116M |
|
|
18
Apple
AAPL
$4.51T
| $956M | 0.59% |
6,979,670
-9,366,840
| -57% | -$1.21B |
|
|
19
CALL
Amazon
AMZN
$2.79T
| $919M | 0.56% |
5,342,000
-1,022,000
| -16% | -$170M |
|
20
PUT
Netflix
NFLX
$331B
| $895M | 0.55% |
16,951,000
+332,000
| +2% | +$17M |
|
|
ALXN
21
DELISTED
Alexion Pharmaceuticals
ALXN
| $887M | 0.54% |
4,829,380
+2,276,841
| +89% | +$391M |
|
|
22
CALL
Apple
AAPL
$4.51T
| $835M | 0.51% |
6,099,900
+2,011,100
| +49% | +$261M |
|
|
23
CALL
Microsoft
MSFT
$3.59T
| $790M | 0.48% |
2,917,300
-108,500
| -4% | -$27.6M |
|
|
24
Linde
LIN
$225B
| $770M | 0.47% |
2,664,095
+2,642,598
| +12,293% | +$770M |
|
|
25
Alibaba
BABA
$286B
| $766M | 0.47% |
3,377,762
-652,347
| -16% | -$145M |
|
Similar funds
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.