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 | |
|---|---|---|---|---|---|---|
451
ON Semiconductor
ON
$28.9B
| $36.4K | 0.04% |
1,677,747
+273,601
| +19% | +$5.81M |
|
452
Jazz Pharmaceuticals
JAZZ
$16.5B
| $36.3K | 0.04% |
254,812
-272,517
| -52% | -$33.8M |
|
|
PRMW
453
DELISTED
Primo Water Corporation
PRMW
| $36.3K | 0.04% |
2,558,333
-321,766
| -11% | -$4.54M |
|
454
Zoom
ZM
$31.5B
| $36.3K | 0.04% |
+77,242
| New | +$24.7M |
|
455
Owens Corning
OC
$11.7B
| $36.3K | 0.04% |
527,183
+123,493
| +31% | +$7.92M |
|
456
CALL
AES
AES
$10.5B
| $36.2K | 0.04% |
+2,000,000
| New | +$33.4M |
|
457
Henry Schein
HSIC
$9.86B
| $36.2K | 0.04% |
615,096
+531,189
| +633% | +$34.1M |
|
458
Atlassian
TEAM
$43.5B
| $36K | 0.04% |
197,778
-75,359
| -28% | -$13.4M |
|
459
PUT
Verizon
VZ
$205B
| $35.9K | 0.04% |
603,300
+202,400
| +50% | +$11.8M |
|
460
Martin Marietta Materials
MLM
$32.1B
| $35.8K | 0.04% |
152,293
+135,994
| +834% | +$29.4M |
|
461
Estee Lauder
EL
$36.9B
| $35.7K | 0.04% |
163,656
-254,213
| -61% | -$52.3M |
|
|
GRSVU
462
DELISTED
Gores Holdings V, Inc. Unit
GRSVU
| $35.7K | 0.04% |
+3,445,609
| New | +$35.2M |
|
463
TAL Education Group
TAL
$6.28B
| $35.5K | 0.04% |
467,172
+462,396
| +9,682% | +$34.9M |
|
|
CANO
464
DELISTED
Cano Health, Inc.
CANO
| $35.5K | 0.04% |
+34,100
| New | +$35.6M |
|
465
SS&C Technologies
SSNC
$19.5B
| $35.5K | 0.04% |
586,452
+18,806
| +3% | +$1.13M |
|
|
TCO
466
DELISTED
Taubman Centers Inc.
TCO
| $35.4K | 0.04% |
1,063,893
+305,657
| +40% | +$11.4M |
|
467
Post Holdings
POST
$3.65B
| $35.3K | 0.04% |
626,792
+335,306
| +115% | +$19.1M |
|
|
NBL
468
DELISTED
Noble Energy, Inc.
NBL
| $35.3K | 0.04% |
4,123,090
+63,182
| +2% | +$617K |
|
469
Omnicom Group
OMC
$24B
| $35.2K | 0.04% |
711,111
+61,659
| +9% | +$3.3M |
|
470
CALL
Walt Disney
DIS
$186B
| $35.2K | 0.04% |
283,500
+146,000
| +106% | +$18.2M |
|
471
Arthur J. Gallagher & Co
AJG
$67.6B
| $35.2K | 0.04% |
333,075
+11,166
| +3% | +$1.16M |
|
472
Baker Hughes
BKR
$61.9B
| $35.1K | 0.04% |
2,637,524
+2,005,563
| +317% | +$30.7M |
|
473
Alexandria Real Estate Equities
ARE
$9.21B
| $35K | 0.04% |
218,903
+204,258
| +1,395% | +$34.1M |
|
474
Sibanye-Stillwater
SBSW
$8.9B
| $35K | 0.04% |
3,141,562
+3,108,947
| +9,532% | +$35.5M |
|
475
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $35K | 0.04% |
62,500
+27,500
| +79% | +$16.7M |
|
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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.