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 | |
|---|---|---|---|---|---|---|
|
KIN
3801
DELISTED
Kindred Biosciences, Inc.
KIN
| $294 | ﹤0.01% |
68,563
-753,189
| -92% | -$3.15M |
|
|
AKCA
3802
DELISTED
Akcea Therapeutics Inc
AKCA
| $294 | ﹤0.01% |
+16,219
| New | +$230K |
|
3803
CALL
Rocket Pharmaceuticals
RCKT
$388M
| $293 | ﹤0.01% |
+12,800
| New | +$315K |
|
|
CKPT
3804
DELISTED
Checkpoint Therapeutics
CKPT
| $292 | ﹤0.01% |
10,890
+1,278
| +13% | +$30.7K |
|
3805
NovaGold Resources
NG
$4.1B
| $292 | ﹤0.01% |
+24,562
| New | +$240K |
|
3806
Valhi
VHI
$513M
| $292 | ﹤0.01% |
22,153
-13,448
| -38% | -$161K |
|
3807
PUT
Simon Property Group
SPG
$71.4B
| $291 | ﹤0.01% |
4,500
-500
| -10% | -$32.8K |
|
3808
International General Insurance
IGIC
$1.13B
| $290 | ﹤0.01% |
40,594
-1,691
| -4% | -$11.4K |
|
3809
Itron
ITRI
$4.32B
| $290 | ﹤0.01% |
+4,767
| New | +$303K |
|
|
SRGA
3810
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $290 | ﹤0.01% |
5,345
-11,906
| -69% | -$911K |
|
3811
Tejon Ranch
TRC
$440M
| $289 | ﹤0.01% |
20,398
-40,308
| -66% | -$582K |
|
|
WTER
3812
DELISTED
The Alkaline Water Company Inc. Common Stock
WTER
| $289 | ﹤0.01% |
+15,314
| New | +$399K |
|
|
AAIC
3813
DELISTED
Arlington Asset Investment Corp.
AAIC
| $289 | ﹤0.01% |
101,705
-11,311
| -10% | -$31.8K |
|
|
IPHA
3814
Innate Pharma
IPHA
$247M
| $288 | ﹤0.01% |
72,657
| – | – |
|
3815
Bank7 Corp
BSVN
$497M
| $286 | ﹤0.01% |
30,462
-2,076
| -6% | -$20.9K |
|
3816
KT
KT
$9.03B
| $285 | ﹤0.01% |
29,634
-45,810
| -61% | -$457K |
|
|
LRFC
3817
DELISTED
Logan Ridge Finance Corp
LRFC
| $285 | ﹤0.01% |
+30,285
| New | +$372K |
|
3818
Malibu Boats
MBUU
$579M
| $285 | ﹤0.01% |
+5,760
| New | +$313K |
|
3819
China Yuchai International
CYD
$1.45B
| $284 | ﹤0.01% |
+15,796
| New | +$245K |
|
3820
Granite Construction
GVA
$5.47B
| $284 | ﹤0.01% |
16,150
-26,229
| -62% | -$480K |
|
3821
Ranpak Holdings
PACK
$431M
| $284 | ﹤0.01% |
+29,801
| New | +$265K |
|
3822
Clean Energy Fuels
CLNE
$351M
| $283 | ﹤0.01% |
113,988
-1,137,061
| -91% | -$2.96M |
|
3823
PUT
Moderna
MRNA
$55.4B
| $283 | ﹤0.01% |
+4,000
| New | +$279K |
|
3824
Howard Hughes
HHH
$3.99B
| $282 | ﹤0.01% |
5,142
-90,046
| -95% | -$4.81M |
|
3825
Stock Yards Bancorp
SYBT
$2.54B
| $282 | ﹤0.01% |
+8,297
| New | +$331K |
|
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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.