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 | |
|---|---|---|---|---|---|---|
301
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $50.6K | 0.06% |
480,000
+293,600
| +158% | +$30.9M |
|
302
Baxter International
BAX
$13.6B
| $50.5K | 0.06% |
628,209
+243,636
| +63% | +$20.5M |
|
303
Carvana
CVNA
$76.9B
| $50.5K | 0.06% |
1,132,025
+1,064,025
| +1,565% | +$37.7M |
|
304
Evergy
EVRG
$18.7B
| $50.5K | 0.06% |
993,409
-734,809
| -43% | -$41.1M |
|
305
Mondelez International
MDLZ
$82.3B
| $50.2K | 0.06% |
873,467
-824,461
| -49% | -$45.9M |
|
306
CALL
Pfizer
PFE
$160B
| $50.2K | 0.06% |
1,441,029
-139,444
| -9% | -$4.89M |
|
307
Fidelity National Financial
FNF
$12.7B
| $50.1K | 0.06% |
1,664,903
-80,521
| -5% | -$2.52M |
|
308
CALL
McDonald's
MCD
$192B
| $50.1K | 0.06% |
228,200
+19,200
| +9% | +$3.94M |
|
309
CALL
Procter & Gamble
PG
$336B
| $50.1K | 0.06% |
360,200
+105,300
| +41% | +$14M |
|
310
JB Hunt Transport Services
JBHT
$25.9B
| $50K | 0.06% |
395,400
+388,403
| +5,551% | +$51.7M |
|
311
Quest Diagnostics
DGX
$27B
| $50K | 0.06% |
436,292
-340,427
| -44% | -$40.2M |
|
312
Teradyne
TER
$58.7B
| $49.8K | 0.06% |
626,806
+328,760
| +110% | +$27.9M |
|
313
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $49.8K | 0.06% |
305,000
+200,000
| +190% | +$33.2M |
|
314
Cadence Design Systems
CDNS
$87.9B
| $49.7K | 0.06% |
466,060
+459,176
| +6,670% | +$48.3M |
|
|
BITA
315
DELISTED
Bitauto Holdings Limited
BITA
| $49.1K | 0.06% |
3,116,679
+542,056
| +21% | +$8.57M |
|
316
Jack Henry & Associates
JKHY
$11.8B
| $48.9K | 0.06% |
300,874
+237,535
| +375% | +$41.2M |
|
317
SBA Communications
SBAC
$19.4B
| $48.8K | 0.06% |
153,249
-360,898
| -70% | -$110M |
|
318
CALL
PepsiCo
PEP
$196B
| $48.8K | 0.06% |
351,900
-184,500
| -34% | -$25.1M |
|
319
D.R. Horton
DHI
$41.5B
| $48.7K | 0.06% |
644,429
-390,720
| -38% | -$26.7M |
|
320
Magna International
MGA
$19.5B
| $48.7K | 0.06% |
1,064,839
+837,118
| +368% | +$40.3M |
|
321
CALL
Comcast
CMCSA
$95.3B
| $48.6K | 0.06% |
1,050,200
+254,100
| +32% | +$11M |
|
|
322
Pfizer
PFE
$160B
| $48.4K | 0.06% |
1,391,379
-1,791,296
| -56% | -$62.8M |
|
323
CALL
SPDR Gold Trust
GLD
$152B
| $48.4K | 0.06% |
273,300
-70,700
| -21% | -$12.7M |
|
324
United Therapeutics
UTHR
$22B
| $48.4K | 0.06% |
479,246
+25,875
| +6% | +$2.84M |
|
325
Marvell Technology
MRVL
$213B
| $48.1K | 0.06% |
1,212,506
-432,261
| -26% | -$15.9M |
|
Similar funds
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.