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 | |
|---|---|---|---|---|---|---|
476
Republic Services
RSG
$67.6B
| $34.9K | 0.04% |
373,360
-805,574
| -68% | -$72.1M |
|
477
GoodRx Holdings
GDRX
$1.18B
| $34.8K | 0.04% |
+626,577
| New | +$33.2M |
|
|
RSX
478
PUT
DELISTED
VanEck Russia ETF
RSX
| $34.6K | 0.04% |
1,650,000
| – | – |
|
|
NVRO
479
DELISTED
NEVRO CORP.
NVRO
| $34.6K | 0.04% |
248,077
+136,750
| +123% | +$18.3M |
|
|
PRPB
480
DELISTED
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
| $34.5K | 0.04% |
+3,437,400
| New | +$34.6M |
|
481
PUT
T-Mobile US
TMUS
$196B
| $34.4K | 0.04% |
300,800
+46,900
| +18% | +$5.2M |
|
|
FTACW
482
CALL
DELISTED
FinTech Acquisition Corp. III Warrant
FTACW
| $34.4K | 0.04% |
3,332,500
+2,950,000
| +771% | +$5.13M |
|
|
CXO
483
DELISTED
CONCHO RESOURCES INC.
CXO
| $34.3K | 0.04% |
777,293
-2,234,015
| -74% | -$111M |
|
484
CALL
Union Pacific
UNP
$183B
| $34.2K | 0.04% |
173,600
| – | – |
|
485
NiSource
NI
$19.5B
| $34.1K | 0.04% |
1,552,159
+1,403,686
| +945% | +$32.6M |
|
|
486
CALL
JPMorgan Chase
JPM
$935B
| $34.1K | 0.04% |
354,400
-341,200
| -49% | -$33.5M |
|
487
MSCI
MSCI
$41B
| $34K | 0.04% |
95,396
+16,265
| +21% | +$5.9M |
|
488
CALL
Citigroup
C
$221B
| $33.8K | 0.04% |
784,300
+214,500
| +38% | +$10.7M |
|
|
GAP
489
The Gap Inc
GAP
$7.13B
| $33.7K | 0.04% |
1,981,645
-427,637
| -18% | -$6.37M |
|
490
Equity Lifestyle Properties
ELS
$12.7B
| $33.6K | 0.04% |
548,893
-156,386
| -22% | -$10.1M |
|
491
FTI Consulting
FCN
$4.3B
| $33.6K | 0.04% |
317,464
-92,223
| -23% | -$10.5M |
|
|
CLGX
492
DELISTED
Corelogic, Inc.
CLGX
| $33.6K | 0.04% |
495,880
+397,794
| +406% | +$26.8M |
|
493
Novavax
NVAX
$1.47B
| $33.5K | 0.04% |
309,281
+151,213
| +96% | +$18.4M |
|
494
Morningstar
MORN
$8.1B
| $33.5K | 0.04% |
208,636
+131,073
| +169% | +$20.7M |
|
495
CALL
Walmart Inc
WMT
$825B
| $33.4K | 0.04% |
716,400
+300,000
| +72% | +$13.3M |
|
496
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $33.3K | 0.04% |
298,600
+41,700
| +16% | +$4.67M |
|
497
Graphic Packaging
GPK
$3.54B
| $33.1K | 0.04% |
2,347,742
+2,195,239
| +1,439% | +$31.1M |
|
498
Equifax
EFX
$22.6B
| $33K | 0.04% |
210,251
+69,810
| +50% | +$11.4M |
|
499
Wayfair
W
$13.9B
| $33K | 0.04% |
113,352
-109,274
| -49% | -$29.9M |
|
500
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $32.9K | 0.04% |
412,200
-11,000
| -3% | -$888K |
|
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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.