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 | |
|---|---|---|---|---|---|---|
|
26
Meta Platforms (Facebook)
META
$1.4T
| $317K | 0.39% |
1,209,960
+665,370
| +122% | +$172M |
|
27
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $289K | 0.36% |
3,938,600
+3,326,600
| +544% | +$235M |
|
28
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $289K | 0.36% |
3,938,000
+692,000
| +21% | +$52.7M |
|
29
CALL
Alibaba
BABA
$286B
| $288K | 0.35% |
979,200
+646,300
| +194% | +$170M |
|
30
PayPal
PYPL
$52.7B
| $286K | 0.35% |
1,452,127
+64,592
| +5% | +$12.2M |
|
31
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $286K | 0.35% |
+3,410,000
| New | +$287M |
|
32
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $276K | 0.34% |
823,232
+426,196
| +107% | +$141M |
|
|
33
PUT
Intel
INTC
$476B
| $273K | 0.34% |
5,281,400
+1,744,800
| +49% | +$90.7M |
|
34
Willis Towers Watson
WTW
$31.8B
| $262K | 0.32% |
1,256,696
+290,190
| +30% | +$59.3M |
|
35
Bristol-Myers Squibb
BMY
$137B
| $262K | 0.32% |
4,352,388
+1,401,543
| +47% | +$84.4M |
|
|
MNTA
36
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $261K | 0.32% |
4,966,005
+4,290,874
| +636% | +$178M |
|
37
Tesla
TSLA
$1.43T
| $244K | 0.3% |
1,708,104
+1,232,274
| +259% | +$145M |
|
|
AMTD
38
DELISTED
TD Ameritrade Holding Corp
AMTD
| $241K | 0.3% |
6,150,446
+4,501,673
| +273% | +$169M |
|
39
Qiagen
QGEN
$9.1B
| $238K | 0.29% |
4,297,673
+2,521,957
| +142% | +$131M |
|
40
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $236K | 0.29% |
9,786,000
+1,465,800
| +18% | +$35.6M |
|
|
IMMU
41
DELISTED
Immunomedics Inc
IMMU
| $234K | 0.29% |
2,750,749
+845,793
| +44% | +$42.8M |
|
42
Hershey
HSY
$37.5B
| $223K | 0.27% |
1,554,926
+1,060,121
| +214% | +$150M |
|
|
VAR
43
DELISTED
Varian Medical Systems, Inc.
VAR
| $213K | 0.26% |
1,237,673
+1,211,419
| +4,614% | +$190M |
|
44
PUT
Walmart Inc
WMT
$825B
| $207K | 0.25% |
4,430,700
+429,000
| +11% | +$19.1M |
|
45
Procter & Gamble
PG
$336B
| $203K | 0.25% |
1,462,802
-491,982
| -25% | -$65.3M |
|
46
Apple
AAPL
$4.51T
| $202K | 0.25% |
1,747,442
-768,386
| -31% | -$83.8M |
|
47
DuPont de Nemours
DD
$18.7B
| $196K | 0.24% |
2,807,993
+1,536,766
| +121% | +$108M |
|
|
48
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $191K | 0.24% |
2,280,000
+1,280,000
| +128% | +$108M |
|
49
Lowe's Companies
LOW
$121B
| $190K | 0.23% |
1,147,163
-882,200
| -43% | -$136M |
|
|
50
PUT
PayPal
PYPL
$52.7B
| $187K | 0.23% |
948,400
-427,200
| -31% | -$80.5M |
|
Similar funds
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.