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 | Miscellaneous | 52.25% |
| 2 | Healthcare | 9.18% |
| 3 | Consumer Discretionary | 6.93% |
| 4 | Technology | 6.31% |
| 5 | Industrials | 5.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CIICW
2626
CALL
DELISTED
CIIG Merger Corp. Warrants
CIICW
| $1.8M | ﹤0.01% |
180,000
| – | – |
|
|
FBC
2627
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $1.8M | ﹤0.01% |
60,838
-104,902
| -63% | -$3.16M |
|
2628
Nutrien
NTR
$35.3B
| $1.8M | ﹤0.01% |
45,780
-737,320
| -94% | -$26.8M |
|
2629
Oppenheimer Holdings
OPY
$1.31B
| $1.79M | ﹤0.01% |
80,416
+33,048
| +70% | +$767K |
|
|
VRNT
2630
DELISTED
Verint Systems
VRNT
| $1.79M | ﹤0.01% |
72,749
-140,370
| -66% | -$3.27M |
|
2631
LiveRamp
RAMP
$2.29B
| $1.78M | ﹤0.01% |
34,487
-124,055
| -78% | -$6.2M |
|
|
ZEPP
2632
Zepp Health
ZEPP
$77.4M
| $1.78M | ﹤0.01% |
34,661
-80,678
| -70% | -$4.43M |
|
2633
iShares MSCI New Zealand ETF
ENZL
$83.3M
| $1.78M | ﹤0.01% |
+30,935
| New | +$1.81M |
|
2634
Barrett Business Services
BBSI
$837M
| $1.78M | ﹤0.01% |
+135,536
| New | +$1.85M |
|
2635
CALL
Axalta
AXTA
$7.84B
| $1.77M | ﹤0.01% |
+80,000
| New | +$1.85M |
|
2636
McEwen Inc
MUX
$1.27B
| $1.77M | ﹤0.01% |
167,250
+161,282
| +2,702% | +$1.95M |
|
|
FOE
2637
DELISTED
Ferro Corporation
FOE
| $1.77M | ﹤0.01% |
142,668
-284,030
| -67% | -$3.52M |
|
|
RFP
2638
DELISTED
Resolute Forest Products Inc.
RFP
| $1.77M | ﹤0.01% |
394,543
+95,507
| +32% | +$358K |
|
2639
Affiliated Managers Group
AMG
$9.63B
| $1.77M | ﹤0.01% |
25,838
-30,352
| -54% | -$2.12M |
|
2640
Movado Group
MOV
$777M
| $1.76M | ﹤0.01% |
177,604
+123,280
| +227% | +$1.32M |
|
2641
PUT
Dow Inc
DOW
$22B
| $1.76M | ﹤0.01% |
+37,500
| New | +$1.68M |
|
2642
CALL
Henry Schein
HSIC
$10B
| $1.76M | ﹤0.01% |
30,000
-20,000
| -40% | -$1.28M |
|
2643
Materion
MTRN
$5.08B
| $1.76M | ﹤0.01% |
+33,890
| New | +$1.92M |
|
|
FRC
2644
DELISTED
First Republic Bank
FRC
| $1.76M | ﹤0.01% |
16,168
-97,142
| -86% | -$10.8M |
|
|
MNRL
2645
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $1.76M | ﹤0.01% |
+197,645
| New | +$2.18M |
|
|
RMAX
2646
DELISTED
RE/MAX Holdings
RMAX
| $1.76M | ﹤0.01% |
+53,714
| New | +$1.8M |
|
|
LOMA
2647
Loma Negra
LOMA
$1.12B
| $1.76M | ﹤0.01% |
407,738
+25,191
| +7% | +$122K |
|
2648
Veeco
VECO
$2.74B
| $1.75M | ﹤0.01% |
150,216
+133,759
| +813% | +$1.71M |
|
|
CDR
2649
DELISTED
Cedar Realty Trust, Inc
CDR
| $1.75M | ﹤0.01% |
327,406
+312,011
| +2,027% | +$1.82M |
|
2650
United Airlines
UAL
$36.2B
| $1.75M | ﹤0.01% |
50,296
-473,518
| -90% | -$16.4M |
|
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Israel Englander's Q3 2020 Portfolio in Review
As of Q3 2020, Israel Englander held 5,106 positions worth $81.2B, up 11% from $73B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Israel Englander's Q3 2020 filing shows 989 new, 1,503 increased, 1,793 reduced and 724 closed positions. Its largest new stake was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120M. The largest sale was JPMorgan Chase, an estimated $278M.
By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 47% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Israel Englander's largest Q3 2020 buy was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120M.
- 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 $81.2B portfolio in Q3 2020.
- Israel Englander opened 989 new positions and closed 724 in Q3 2020.
- Israel Englander's portfolio value rose 11% quarter-over-quarter to $81.2B.
Based on Millennium Management's 13F filing for Q3 2020, filed 16 Nov 2020.