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 | |
|---|---|---|---|---|---|---|
251
Pinterest
PINS
$13.3B
| $57.9K | 0.07% |
1,393,840
+705,648
| +103% | +$23M |
|
252
CALL
AT&T
T
$173B
| $57.7K | 0.07% |
2,680,041
+861,395
| +47% | +$19.3M |
|
253
PUT
Advanced Micro Devices
AMD
$773B
| $57.7K | 0.07% |
703,200
+159,300
| +29% | +$11.8M |
|
254
Alphabet (Google) Class C
GOOG
$4.18T
| $57.6K | 0.07% |
783,700
-582,240
| -43% | -$44.4M |
|
255
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $57.6K | 0.07% |
1,613,800
| – | – |
|
|
FTCH
256
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $57.6K | 0.07% |
2,288,262
+668,000
| +41% | +$16.6M |
|
257
Micron Technology
MU
$1.09T
| $57.4K | 0.07% |
1,222,699
+1,017,393
| +496% | +$49.2M |
|
258
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $57.4K | 0.07% |
1,366,500
+208,600
| +18% | +$8.97M |
|
|
259
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $57.2K | 0.07% |
+778,000
| New | +$59.4M |
|
260
Travelers Companies
TRV
$75.8B
| $57.1K | 0.07% |
527,743
+492,612
| +1,402% | +$56.5M |
|
261
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $56.9K | 0.07% |
975,006
-1,534,366
| -61% | -$86.7M |
|
262
Zoetis
ZTS
$32.1B
| $56.9K | 0.07% |
343,887
-95,497
| -22% | -$14.7M |
|
|
PCGU
263
DELISTED
PG&E Corporation
PCGU
| $55.4K | 0.07% |
+565,771
| New | +$55.4M |
|
|
SPLK
264
DELISTED
Splunk Inc
SPLK
| $55.4K | 0.07% |
294,279
+77,054
| +35% | +$15.4M |
|
265
CALL
Adobe
ADBE
$109B
| $55.2K | 0.07% |
112,500
+64,300
| +133% | +$29.9M |
|
266
Tractor Supply
TSCO
$18.2B
| $55K | 0.07% |
1,917,490
+958,820
| +100% | +$27.6M |
|
267
Campbell Soup
CPB
$7.14B
| $54.9K | 0.07% |
1,135,869
-769,324
| -40% | -$38M |
|
268
Analog Devices
ADI
$182B
| $54.5K | 0.07% |
466,487
+91,063
| +24% | +$10.7M |
|
269
PUT
Linde
LIN
$225B
| $54.3K | 0.07% |
227,900
+15,900
| +8% | +$3.86M |
|
270
Merck
MRK
$376B
| $54.2K | 0.07% |
685,062
+394,390
| +136% | +$30.9M |
|
271
PUT
Chevron
CVX
$403B
| $54.1K | 0.07% |
751,900
+68,400
| +10% | +$5.75M |
|
272
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $53.3K | 0.07% |
1,676,000
+266,200
| +19% | +$8.27M |
|
273
Invitation Homes
INVH
$17.9B
| $53.2K | 0.07% |
1,902,027
-589,189
| -24% | -$16.8M |
|
274
Tapestry
TPR
$26B
| $53.2K | 0.07% |
3,400,751
+935,758
| +38% | +$13.8M |
|
275
SLB Ltd
SLB
$79.9B
| $53.1K | 0.07% |
3,415,225
+216,641
| +7% | +$4.03M |
|
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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.