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 | |
|---|---|---|---|---|---|---|
|
MDP
3401
DELISTED
Meredith Corporation
MDP
| $626K | ﹤0.01% |
47,687
+32,683
| +218% | +$457K |
|
3402
iShares MSCI ACWI ex US ETF
ACWX
$12.6B
| $625K | ﹤0.01% |
13,593
-4,304
| -24% | -$198K |
|
|
FLXN
3403
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $625K | ﹤0.01% |
+60,039
| New | +$736K |
|
3404
CALL
Howmet Aerospace
HWM
$105B
| $624K | ﹤0.01% |
37,300
| – | – |
|
3405
Capital Southwest
CSWC
$1.61B
| $623K | ﹤0.01% |
44,354
-87,990
| -66% | -$1.24M |
|
3406
Nutanix
NTNX
$18B
| $623K | ﹤0.01% |
28,098
-27,456
| -49% | -$628K |
|
3407
Liquidity Services
LQDT
$1.35B
| $620K | ﹤0.01% |
+83,051
| New | +$547K |
|
|
BCPC
3408
Balchem Corp
BCPC
$5.72B
| $620K | ﹤0.01% |
6,354
-56,026
| -90% | -$5.49M |
|
3409
SPX Corp
SPXC
$10.1B
| $619K | ﹤0.01% |
13,350
+977
| +8% | +$41.2K |
|
3410
CALL
Stanley Black & Decker
SWK
$14.9B
| $616K | ﹤0.01% |
+3,800
| New | +$592K |
|
|
3411
PUT
Stanley Black & Decker
SWK
$14.9B
| $616K | ﹤0.01% |
+3,800
| New | +$592K |
|
3412
Deluxe
DLX
$1.1B
| $615K | ﹤0.01% |
23,912
-170,904
| -88% | -$4.41M |
|
3413
Oric Pharmaceuticals
ORIC
$1.43B
| $612K | ﹤0.01% |
+24,490
| New | +$583K |
|
|
STEL
3414
DELISTED
Stellar Bancorp
STEL
| $612K | ﹤0.01% |
37,471
+10,631
| +40% | +$178K |
|
3415
CALL
WIX.com
WIX
$3.6B
| $612K | ﹤0.01% |
2,400
| – | – |
|
|
3416
PUT
WIX.com
WIX
$3.6B
| $612K | ﹤0.01% |
2,400
-6,700
| -74% | -$1.85M |
|
3417
Paychex
PAYX
$44.5B
| $610K | ﹤0.01% |
7,652
-692,191
| -99% | -$52M |
|
3418
Hawaiian Electric Industries
HE
$1.96B
| $608K | ﹤0.01% |
18,301
-113,522
| -86% | -$3.98M |
|
3419
CALL
Golar LNG
GLNG
$5.31B
| $606K | ﹤0.01% |
+100,000
| New | +$894K |
|
|
COHR
3420
DELISTED
Coherent Inc
COHR
| $606K | ﹤0.01% |
5,463
-2,742
| -33% | -$332K |
|
3421
InfuSystem Holdings
INFU
$239M
| $605K | ﹤0.01% |
+47,218
| New | +$613K |
|
|
NSLR
3422
Neostellar Capital Corp
NSLR
$272M
| $603K | ﹤0.01% |
66,299
-30,401
| -31% | -$318K |
|
|
CALA
3423
DELISTED
Calithera Biosciences, Inc
CALA
| $603K | ﹤0.01% |
8,745
-13,770
| -61% | -$1.2M |
|
3424
Digital Turbine
APPS
$1.31B
| $602K | ﹤0.01% |
+18,388
| New | +$396K |
|
3425
KE Holdings
BEKE
$19.9B
| $601K | ﹤0.01% |
+9,800
| New | +$489K |
|
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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 Healthcare at 9.2% of assets, up from 9% a quarter earlier, followed by Consumer Discretionary and Technology.
- 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.