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 | |
|---|---|---|---|---|---|---|
4751
Shutterstock
SSTK
$197M
| – | – |
-7,997
| Closed | -$280K |
|
4752
S&T Bancorp
STBA
$1.78B
| – | – |
-130,814
| Closed | -$3.07M |
|
4753
CALL
Steris
STE
$23.2B
| – | – |
-5,000
| Closed | -$767K |
|
4754
Neuronetics
STIM
$229M
| – | – |
-12,710
| Closed | -$25K |
|
4755
StoneCo
STNE
$2.16B
| – | – |
-40,685
| Closed | -$1.58M |
|
4756
Stoke Therapeutics
STOK
$2.08B
| – | – |
-254,229
| Closed | -$6.06M |
|
4757
Savara
SVRA
$1.15B
| – | – |
-561,798
| Closed | -$1.4M |
|
4758
Southwest Gas
SWX
$6.44B
| – | – |
-93,036
| Closed | -$6.42M |
|
4759
PUT
Stryker
SYK
$126B
| – | – |
-20,000
| Closed | -$3.6M |
|
4760
Toronto Dominion Bank
TD
$194B
| – | – |
-5,461
| Closed | -$244K |
|
|
TEF
4761
DELISTED
Telefonica
TEF
| – | – |
-28,563
| Closed | -$116K |
|
4762
TELA Bio
TELA
$29M
| – | – |
-43,359
| Closed | -$562K |
|
4763
CALL
Teva Pharmaceuticals
TEVA
$43.5B
| – | – |
-600,000
| Closed | -$7.4M |
|
4764
Triumph Financial Inc
TFIN
$1.79B
| – | – |
-14,807
| Closed | -$359K |
|
4765
PUT
Teleflex
TFX
$5.88B
| – | – |
-5,000
| Closed | -$1.82M |
|
4766
Tredegar Corp
TG
$278M
| – | – |
-41,500
| Closed | -$639K |
|
|
TGI
4767
DELISTED
Triumph Group
TGI
| – | – |
-166,312
| Closed | -$1.23M |
|
4768
CALL
TJX Companies
TJX
$155B
| – | – |
-16,200
| Closed | -$819K |
|
4769
Tencent Music
TME
$14.4B
| – | – |
-1,914,760
| Closed | -$25.8M |
|
4770
Teekay Tankers
TNK
$3.16B
| – | – |
-36,977
| Closed | -$474K |
|
4771
Transcat
TRNS
$866M
| – | – |
-15,767
| Closed | -$408K |
|
4772
CALL
Travelers Companies
TRV
$75.8B
| – | – |
-6,700
| Closed | -$764K |
|
4773
PUT
TSMC
TSM
$2.17T
| – | – |
-7,600
| Closed | -$431K |
|
4774
Telus
TU
$15.6B
| – | – |
-579,319
| Closed | -$9.71M |
|
4775
Tradeweb Markets
TW
$22.6B
| – | – |
-22,916
| Closed | -$1.33M |
|
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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.