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 | |
|---|---|---|---|---|---|---|
376
CALL
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $43.6K | 0.05% |
679,500
+57,200
| +9% | +$3.61M |
|
377
CALL
Coca-Cola
KO
$392B
| $43.5K | 0.05% |
881,900
+412,700
| +88% | +$19.8M |
|
378
S&P Global
SPGI
$127B
| $43.5K | 0.05% |
120,678
-239,408
| -66% | -$84.5M |
|
379
CALL
iShares Biotechnology ETF
IBB
$10.7B
| $42.9K | 0.05% |
317,100
-23,000
| -7% | -$3.12M |
|
380
Arch Capital
ACGL
$33.9B
| $42.9K | 0.05% |
1,466,498
-89,784
| -6% | -$2.74M |
|
381
PPG Industries
PPG
$25.3B
| $42.9K | 0.05% |
351,138
+120,277
| +52% | +$14.1M |
|
382
PUT
Texas Instruments
TXN
$241B
| $42.9K | 0.05% |
300,200
+131,000
| +77% | +$17.8M |
|
383
PUT
International Flavors & Fragrances
IFF
$21.5B
| $42.9K | 0.05% |
+350,000
| New | +$43.6M |
|
384
Wells Fargo
WFC
$254B
| $42.8K | 0.05% |
1,821,467
+508,814
| +39% | +$12.5M |
|
385
Boston Beer
SAM
$1.91B
| $42.8K | 0.05% |
48,428
-57,875
| -54% | -$45.7M |
|
386
Carnival Corporation Ltd
CCL
$35.2B
| $42.7K | 0.05% |
2,811,126
+2,675,286
| +1,969% | +$41.4M |
|
387
PUT
IBM
IBM
$222B
| $42.5K | 0.05% |
365,159
+53,660
| +17% | +$6.32M |
|
388
T-Mobile US
TMUS
$196B
| $42.4K | 0.05% |
370,558
+106,496
| +40% | +$11.8M |
|
|
LSI
389
DELISTED
Life Storage, Inc.
LSI
| $41.9K | 0.05% |
597,264
+294,132
| +97% | +$19.9M |
|
|
MPT
390
Medical Properties Trust
MPT
$2.46B
| $41.8K | 0.05% |
2,370,498
+1,201,387
| +103% | +$22.4M |
|
391
Monolithic Power Systems
MPWR
$64.7B
| $41.7K | 0.05% |
149,098
+113,112
| +314% | +$29.4M |
|
392
Snap
SNAP
$8.86B
| $41.5K | 0.05% |
+1,588,614
| New | +$37M |
|
|
XYZ
393
PUT
Block Inc
XYZ
$49.4B
| $41.2K | 0.05% |
253,200
-639,800
| -72% | -$90.3M |
|
394
PUT
Autodesk
ADSK
$53.6B
| $41.1K | 0.05% |
178,000
+64,400
| +57% | +$15.3M |
|
395
CareTrust REIT
CTRE
$9.35B
| $41.1K | 0.05% |
2,310,318
+1,294,181
| +127% | +$23.5M |
|
396
Clover Health Investments
CLOV
$2.2B
| $41K | 0.05% |
3,294,079
+794,080
| +32% | +$8.79M |
|
|
WRK
397
DELISTED
WestRock Company
WRK
| $41K | 0.05% |
1,181,471
-194,184
| -14% | -$6M |
|
|
XEC
398
DELISTED
CIMAREX ENERGY CO
XEC
| $41K | 0.05% |
1,683,491
-85,221
| -5% | -$2.24M |
|
399
Emerson Electric
EMR
$87.7B
| $40.9K | 0.05% |
624,004
+478,042
| +328% | +$31.5M |
|
400
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $40.9K | 0.05% |
+927,731
| New | +$40.7M |
|
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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.