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 | |
|---|---|---|---|---|---|---|
276
CVS Health
CVS
$119B
| $53K | 0.07% |
907,828
+708,805
| +356% | +$44.1M |
|
277
Pool Corp
POOL
$6.83B
| $53K | 0.07% |
158,454
+117,267
| +285% | +$36.3M |
|
278
PUT
RTX Corp
RTX
$283B
| $52.6K | 0.06% |
+914,500
| New | +$55.7M |
|
279
Southwest Airlines
LUV
$19.8B
| $52.5K | 0.06% |
1,398,812
-2,419,016
| -63% | -$85.9M |
|
280
Ashland
ASH
$3.33B
| $52.4K | 0.06% |
738,269
-6,600
| -0.9% | -$489K |
|
281
Zimmer Biomet
ZBH
$19.3B
| $52.3K | 0.06% |
395,621
-449,248
| -53% | -$58.7M |
|
|
282
CALL
Intel
INTC
$476B
| $52.2K | 0.06% |
1,007,200
+319,200
| +46% | +$16.6M |
|
283
HubSpot
HUBS
$12B
| $52K | 0.06% |
177,970
-13,548
| -7% | -$3.55M |
|
284
UDR
UDR
$12.1B
| $51.9K | 0.06% |
1,592,818
+649,695
| +69% | +$22.8M |
|
285
NXP Semiconductors
NXPI
$56.9B
| $51.9K | 0.06% |
415,473
+54,620
| +15% | +$6.66M |
|
286
PUT
Coca-Cola
KO
$392B
| $51.7K | 0.06% |
1,047,900
+397,700
| +61% | +$19.1M |
|
287
AGCO
AGCO
$7.48B
| $51.7K | 0.06% |
696,527
+664,903
| +2,103% | +$45.4M |
|
288
PUT
American Express
AXP
$227B
| $51.7K | 0.06% |
516,000
+87,800
| +21% | +$8.64M |
|
289
Booking.com
BKNG
$158B
| $51.6K | 0.06% |
754,750
+305,800
| +68% | +$21.5M |
|
290
PUT
Applied Materials
AMAT
$391B
| $51.6K | 0.06% |
868,200
-140,700
| -14% | -$8.69M |
|
291
Five Below
FIVE
$13.8B
| $51.4K | 0.06% |
404,513
-132,805
| -25% | -$15.1M |
|
|
NUVA
292
DELISTED
NuVasive, Inc.
NUVA
| $51.2K | 0.06% |
1,054,580
+312,490
| +42% | +$16.8M |
|
|
ITCI
293
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $51.2K | 0.06% |
1,995,896
+1,808,241
| +964% | +$41.3M |
|
294
Mid-America Apartment Communities
MAA
$15.2B
| $51.1K | 0.06% |
440,643
-127,400
| -22% | -$14.7M |
|
295
Lumentum
LITE
$77.7B
| $51K | 0.06% |
679,011
-109,656
| -14% | -$9.09M |
|
|
EV
296
DELISTED
Eaton Vance Corp.
EV
| $51K | 0.06% |
1,335,861
+466,042
| +54% | +$17.8M |
|
297
Performance Food Group
PFGC
$16.5B
| $50.9K | 0.06% |
1,470,678
-575,466
| -28% | -$18.5M |
|
298
Costco
COST
$420B
| $50.9K | 0.06% |
143,399
-30,191
| -17% | -$10.1M |
|
|
AJRD
299
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $50.8K | 0.06% |
1,274,366
+136,503
| +12% | +$5.53M |
|
|
BNY
300
Bank of New York Mellon
BNY
$108B
| $50.7K | 0.06% |
1,477,138
-316,529
| -18% | -$11.5M |
|
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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.