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 | |
|---|---|---|---|---|---|---|
501
CALL
Newmont
NEM
$139B
| $32.8K | 0.04% |
516,700
+513,100
| +14,253% | +$33.4M |
|
502
CALL
Texas Instruments
TXN
$241B
| $32.7K | 0.04% |
229,300
+60,000
| +35% | +$8.16M |
|
503
PUT
Lam Research
LRCX
$393B
| $32.7K | 0.04% |
985,000
+106,000
| +12% | +$3.65M |
|
|
CCAC.WS
504
CALL
DELISTED
CITIC Capital Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary sh
CCAC.WS
| $32.6K | 0.04% |
3,173,890
+1,623,890
| +105% | +$1.35M |
|
505
PUT
Monster Beverage
MNST
$93.6B
| $32.4K | 0.04% |
1,617,600
-800
| -0% | -$15.8K |
|
506
Royal Gold
RGLD
$21.9B
| $32.4K | 0.04% |
269,693
+24,107
| +10% | +$3.17M |
|
507
Skillsoft
SKIL
$74.3M
| $32.4K | 0.04% |
153,506
+23,506
| +18% | +$5.08M |
|
508
Deere & Co
DE
$175B
| $32.4K | 0.04% |
146,136
+84,409
| +137% | +$16.3M |
|
509
GSK
GSK
$105B
| $32.2K | 0.04% |
685,420
+254,295
| +59% | +$12.7M |
|
510
Western Digital
WDC
$166B
| $32.1K | 0.04% |
1,163,494
+759,884
| +188% | +$22.6M |
|
511
Cracker Barrel
CBRL
$1.29B
| $31.9K | 0.04% |
278,212
+117,278
| +73% | +$13.7M |
|
512
WEC Energy
WEC
$34.5B
| $31.7K | 0.04% |
327,580
-546,995
| -63% | -$51M |
|
|
IMMU
513
PUT
DELISTED
Immunomedics Inc
IMMU
| $31.7K | 0.04% |
372,600
+352,600
| +1,763% | +$17.8M |
|
514
L3Harris
LHX
$49.7B
| $31.7K | 0.04% |
186,512
-722,726
| -79% | -$127M |
|
515
Cheniere Energy
LNG
$57.3B
| $31.6K | 0.04% |
+683,982
| New | +$34.7M |
|
|
ACIA
516
DELISTED
Acacia Communications Inc
ACIA
| $31.6K | 0.04% |
468,607
+258,839
| +123% | +$17.6M |
|
517
Qorvo
QRVO
$8.43B
| $31.6K | 0.04% |
244,663
+45,779
| +23% | +$5.68M |
|
|
JHG
518
DELISTED
Janus Henderson
JHG
| $31.5K | 0.04% |
1,450,600
-149,264
| -9% | -$3.1M |
|
519
PUT
Pfizer
PFE
$160B
| $31.5K | 0.04% |
904,437
+313,459
| +53% | +$11M |
|
|
CALY
520
Callaway Golf Company
CALY
$2.84B
| $31.5K | 0.04% |
+1,645,130
| New | +$30.9M |
|
521
Builders FirstSource
BLDR
$7.55B
| $31.5K | 0.04% |
964,689
+767,256
| +389% | +$20.8M |
|
522
Equinix
EQIX
$105B
| $31.4K | 0.04% |
41,295
-23,231
| -36% | -$17.6M |
|
523
Quanta Services
PWR
$96.1B
| $31.3K | 0.04% |
592,899
-77,060
| -12% | -$3.58M |
|
524
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $31.3K | 0.04% |
800,000
-8,300,000
| -91% | -$338M |
|
525
US Bancorp
USB
$96.7B
| $31.3K | 0.04% |
872,912
+548,844
| +169% | +$20.1M |
|
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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.