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 | |
|---|---|---|---|---|---|---|
3501
Madrigal Pharmaceuticals
MDGL
$11.8B
| $526K | ﹤0.01% |
4,434
-36,341
| -89% | -$3.95M |
|
|
CCRN
3502
DELISTED
Cross Country Healthcare
CCRN
| $524K | ﹤0.01% |
80,755
-112,411
| -58% | -$712K |
|
|
AVID
3503
DELISTED
Avid Technology Inc
AVID
| $522K | ﹤0.01% |
61,030
-374,540
| -86% | -$3M |
|
|
TGI
3504
PUT
DELISTED
Triumph Group
TGI
| $521K | ﹤0.01% |
+80,000
| New | +$594K |
|
|
GNOG
3505
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $520K | ﹤0.01% |
36,196
-561,684
| -94% | -$8.09M |
|
3506
Kadant
KAI
$3.58B
| $519K | ﹤0.01% |
+4,730
| New | +$536K |
|
3507
Kirby Corp
KEX
$7.27B
| $519K | ﹤0.01% |
14,343
-88,864
| -86% | -$3.92M |
|
3508
Protolabs
PRLB
$1.86B
| $518K | ﹤0.01% |
3,998
-37,091
| -90% | -$4.88M |
|
3509
Kymera Therapeutics
KYMR
$10.5B
| $517K | ﹤0.01% |
+16,008
| New | +$489K |
|
|
ARD
3510
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $515K | ﹤0.01% |
36,661
-87,180
| -70% | -$1.26M |
|
3511
Comfort Systems
FIX
$55B
| $514K | ﹤0.01% |
9,969
-127,499
| -93% | -$6.19M |
|
|
ZUO
3512
DELISTED
Zuora, Inc.
ZUO
| $512K | ﹤0.01% |
+49,484
| New | +$573K |
|
3513
First Trust Enhanced Short Maturity ETF
FTSM
$6.53B
| $510K | ﹤0.01% |
8,498
-34,002
| -80% | -$2.04M |
|
3514
CALL
CrowdStrike
CRWD
$189B
| $508K | ﹤0.01% |
+14,800
| New | +$431K |
|
|
3515
PUT
CrowdStrike
CRWD
$189B
| $508K | ﹤0.01% |
+14,800
| New | +$431K |
|
3516
TriMas Corp
TRS
$1.43B
| $508K | ﹤0.01% |
22,302
-161,887
| -88% | -$3.94M |
|
3517
PUT
Expeditors International
EXPD
$24.6B
| $507K | ﹤0.01% |
5,600
| – | – |
|
|
WMGI
3518
PUT
DELISTED
Wright Medical Group Inc
WMGI
| $507K | ﹤0.01% |
+16,600
| New | +$501K |
|
3519
H.B. Fuller
FUL
$3.07B
| $506K | ﹤0.01% |
11,053
-69,815
| -86% | -$3.3M |
|
3520
Global Indemnity Group
GBLI
$419M
| $506K | ﹤0.01% |
24,358
+973
| +4% | +$23K |
|
3521
1st Source
SRCE
$2.07B
| $506K | ﹤0.01% |
16,417
+9,796
| +148% | +$330K |
|
|
BPYU
3522
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $506K | ﹤0.01% |
41,310
-675,319
| -94% | -$7.75M |
|
3523
M/I Homes
MHO
$3.9B
| $504K | ﹤0.01% |
+10,937
| New | +$455K |
|
3524
Grid Dynamics Holdings
GDYN
$638M
| $503K | ﹤0.01% |
65,042
+26,081
| +67% | +$188K |
|
3525
PUT
Illinois Tool Works
ITW
$80.2B
| $502K | ﹤0.01% |
2,600
-24,700
| -90% | -$4.69M |
|
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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.