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 |
VAR
Varian Medical Systems, Inc.
VAR
|
+$190M |
| 2 |
MNTA
Momenta Pharmaceuticals, Inc.
MNTA
|
+$178M |
| 3 |
Meta Platforms (Facebook)
META
|
+$172M |
| 4 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$169M |
| 5 |
Microsoft
MSFT
|
+$166M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$278M |
| 2 |
Intel
INTC
|
+$223M |
| 3 |
PPLI
People Inc
PPLI
|
+$210M |
| 4 |
Mastercard
MA
|
+$210M |
| 5 |
Honeywell
HON
|
+$188M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.18% |
| 2 | Consumer Discretionary | 6.93% |
| 3 | Technology | 6.31% |
| 4 | Industrials | 5.82% |
| 5 | Financials | 5.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Steel Dynamics
STLD
$32.8B
| $64.3K | 0.08% |
2,246,502
+1,474,512
| +191% | +$42.3M |
|
227
AT&T
T
$173B
| $64.1K | 0.08% |
2,977,590
-4,921,458
| -62% | -$110M |
|
|
FIRY
228
Firy Inc
FIRY
$160M
| $63.8K | 0.08% |
262,530
+70,315
| +37% | +$16.1M |
|
229
Deckers Outdoor
DECK
$12.5B
| $63.6K | 0.08% |
1,733,646
+834,672
| +93% | +$28.9M |
|
230
Boston Scientific
BSX
$73B
| $63.5K | 0.08% |
1,660,659
+1,604,387
| +2,851% | +$61.8M |
|
|
BBL
231
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $63.4K | 0.08% |
1,485,693
-757,582
| -34% | -$33.8M |
|
232
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $63.4K | 0.08% |
823,200
+255,600
| +45% | +$19.1M |
|
233
Workday
WDAY
$49.4B
| $62.7K | 0.08% |
291,484
-74,670
| -20% | -$14.8M |
|
234
EOG Resources
EOG
$80.3B
| $62.7K | 0.08% |
1,744,614
+936,746
| +116% | +$42M |
|
235
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $62.7K | 0.08% |
2,110,600
+270,800
| +15% | +$8.04M |
|
236
Alliant Energy
LNT
$17.6B
| $62.4K | 0.08% |
1,207,157
+1,085,799
| +895% | +$56.7M |
|
|
DRE
237
DELISTED
Duke Realty Corp.
DRE
| $62.2K | 0.08% |
1,685,211
+1,289,965
| +326% | +$48.6M |
|
238
PUT
Amgen
AMGN
$238B
| $62.1K | 0.08% |
244,300
+74,100
| +44% | +$18.4M |
|
|
CRHC.U
239
DELISTED
Cohn Robbins Holdings Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CRHC.U
| $61.8K | 0.08% |
+6,120,000
| New | +$62M |
|
240
First Industrial Realty Trust
FR
$8.34B
| $61.5K | 0.08% |
1,544,599
-258,265
| -14% | -$10.7M |
|
241
Walt Disney
DIS
$186B
| $61.3K | 0.08% |
493,752
+60,717
| +14% | +$7.59M |
|
242
CALL
Johnson & Johnson
JNJ
$651B
| $60.7K | 0.07% |
407,400
+23,400
| +6% | +$3.46M |
|
243
CME Group
CME
$98.9B
| $60.2K | 0.07% |
359,578
-293,055
| -45% | -$49.4M |
|
244
Qualcomm
QCOM
$169B
| $59.9K | 0.07% |
508,954
+232,423
| +84% | +$24.8M |
|
245
PUT
Target
TGT
$75.1B
| $59.8K | 0.07% |
379,800
+215,200
| +131% | +$29.5M |
|
246
Charter Communications
CHTR
$17.9B
| $59.1K | 0.07% |
94,644
-174,962
| -65% | -$103M |
|
247
Kimberly-Clark
KMB
$36.4B
| $59.1K | 0.07% |
399,935
+205,905
| +106% | +$30.9M |
|
248
Masco
MAS
$14.5B
| $58.4K | 0.07% |
1,058,829
+487,557
| +85% | +$27.3M |
|
249
Yum! Brands
YUM
$41.8B
| $58.3K | 0.07% |
638,273
-1,535,410
| -71% | -$142M |
|
250
CALL
iShares MSCI Brazil ETF
EWZ
$8.52B
| $57.9K | 0.07% |
2,093,700
+712,600
| +52% | +$21.9M |
|
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Israel Englander's Q3 2020 Portfolio in Review
As of Q3 2020, Israel Englander held 5,106 positions worth $81.2M, down 100% from $73B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Israel Englander deployed $869M of net new capital in Q3 2020, opening 989 new positions and adding to 1,503 existing holdings. Its largest new stake was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120K.
By sector, the portfolio is most concentrated in Healthcare at 9.2% of assets, up from 9% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was JPMorgan Chase, an estimated $278M trimmed.
- Israel Englander's largest Q3 2020 buy was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120K.
- Israel Englander added most to Varian Medical Systems, Inc. in Q3 2020, an estimated $190M increase.
- Israel Englander's biggest Q3 2020 reduction was JPMorgan Chase, cutting an estimated $278M.
- Israel Englander fully exited Tech Data Corp in Q3 2020, selling an estimated $186M.
- Israel Englander's ten largest holdings make up 18% of its $81.2M portfolio in Q3 2020.
- Israel Englander opened 989 new positions and closed 724 in Q3 2020.
- Israel Englander's portfolio value fell 100% quarter-over-quarter to $81.2M.
Based on Millennium Management's 13F filing for Q3 2020, filed 16 Nov 2020.