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 | |
|---|---|---|---|---|---|---|
426
Synchrony
SYF
$25.9B
| $38.6K | 0.05% |
1,473,433
+555,866
| +61% | +$13.5M |
|
427
CALL
DuPont de Nemours
DD
$18.7B
| $38.6K | 0.05% |
553,683
+352,047
| +175% | +$24.7M |
|
428
Etsy
ETSY
$7.44B
| $38.3K | 0.05% |
315,259
-30,279
| -9% | -$3.54M |
|
429
Revvity
RVTY
$13.9B
| $38.2K | 0.05% |
304,212
+294,254
| +2,955% | +$33.8M |
|
430
Bath & Body Works
BBWI
$3.92B
| $38.2K | 0.05% |
1,484,443
+174,569
| +13% | +$3.57M |
|
431
First Solar
FSLR
$23B
| $38.1K | 0.05% |
+575,231
| New | +$38.2M |
|
432
CALL
Costco
COST
$420B
| $37.9K | 0.05% |
106,700
+24,000
| +29% | +$8.07M |
|
433
Portland General Electric
POR
$5.83B
| $37.9K | 0.05% |
1,066,266
+601,413
| +129% | +$24M |
|
434
Tandem Diabetes Care
TNDM
$1.55B
| $37.7K | 0.05% |
332,471
-429,363
| -56% | -$45.1M |
|
435
iShares MSCI EAFE ETF
EFA
$80B
| $37.7K | 0.05% |
592,233
+494,412
| +505% | +$31.6M |
|
436
PACCAR
PCAR
$69B
| $37.5K | 0.05% |
660,254
+635,870
| +2,608% | +$35.7M |
|
437
Spectrum Brands
SPB
$2B
| $37.4K | 0.05% |
654,010
+167,732
| +34% | +$9.2M |
|
438
Waters Corp
WAT
$40.4B
| $37.3K | 0.05% |
190,672
-17,766
| -9% | -$3.69M |
|
439
American Financial Group
AFG
$11.9B
| $37.3K | 0.05% |
556,404
+109,980
| +25% | +$7.08M |
|
440
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $37.1K | 0.05% |
881,878
+777,280
| +743% | +$39.1M |
|
|
DFS
441
DELISTED
Discover Financial Services
DFS
| $37.1K | 0.05% |
641,297
-143,353
| -18% | -$7.51M |
|
442
Oneok
OKE
$58.8B
| $37K | 0.05% |
1,424,939
+187,482
| +15% | +$5.22M |
|
443
Americold
COLD
$4.35B
| $37K | 0.05% |
1,035,390
+6,528
| +0.6% | +$247K |
|
|
WPF
444
DELISTED
Foley Trasimene Acquisition Corp.
WPF
| $37K | 0.05% |
+3,567,409
| New | +$36.8M |
|
|
VSPRU
445
DELISTED
Vesper Healthcare Acquisition Corp. Unit
VSPRU
| $36.9K | 0.05% |
+3,600,000
| New | +$36.9M |
|
446
Centene
CNC
$32.1B
| $36.9K | 0.05% |
632,241
-579,906
| -48% | -$36M |
|
447
IBM
IBM
$222B
| $36.6K | 0.05% |
314,644
+205,544
| +188% | +$24.2M |
|
|
LVGO
448
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $36.6K | 0.05% |
261,192
-290,943
| -53% | -$35.4M |
|
449
Sun Communities
SUI
$14.8B
| $36.5K | 0.04% |
259,565
-61,758
| -19% | -$8.86M |
|
450
Visteon
VC
$2.83B
| $36.4K | 0.04% |
526,574
+460,104
| +692% | +$34M |
|
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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.