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 | |
|---|---|---|---|---|---|---|
|
TIF
51
CALL
DELISTED
Tiffany & Co.
TIF
| $185K | 0.23% |
1,596,300
+1,486,100
| +1,349% | +$181M |
|
|
TIF
52
DELISTED
Tiffany & Co.
TIF
| $184K | 0.23% |
1,589,259
+797,475
| +101% | +$96.9M |
|
53
Linde
LIN
$225B
| $178K | 0.22% |
746,345
+310,403
| +71% | +$75.3M |
|
54
PUT
Visa
V
$693B
| $178K | 0.22% |
888,700
+39,900
| +5% | +$7.97M |
|
55
FedEx
FDX
$76.9B
| $177K | 0.22% |
704,043
+96,953
| +16% | +$19.4M |
|
56
PUT
Salesforce
CRM
$171B
| $177K | 0.22% |
703,800
-199,700
| -22% | -$43.7M |
|
57
Oracle
ORCL
$422B
| $174K | 0.21% |
2,922,601
+2,491,574
| +578% | +$142M |
|
58
PUT
Cisco
CSCO
$438B
| $174K | 0.21% |
4,423,400
+2,565,500
| +138% | +$112M |
|
59
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $174K | 0.21% |
1,281,400
+240,900
| +23% | +$32.7M |
|
60
CALL
Netflix
NFLX
$331B
| $169K | 0.21% |
3,374,000
+1,114,000
| +49% | +$55.4M |
|
61
CSX Corp
CSX
$95.6B
| $164K | 0.2% |
6,338,529
+4,704,117
| +288% | +$116M |
|
62
Nike
NKE
$60.5B
| $164K | 0.2% |
1,306,751
+989,849
| +312% | +$106M |
|
63
Keurig Dr Pepper
KDP
$43.6B
| $163K | 0.2% |
5,907,643
+3,402,643
| +136% | +$99.7M |
|
|
64
PUT
Mastercard
MA
$509B
| $162K | 0.2% |
478,800
+60,000
| +14% | +$19.5M |
|
65
Alphabet (Google) Class A
GOOGL
$4.22T
| $159K | 0.2% |
2,176,300
+1,527,620
| +235% | +$116M |
|
66
PUT
Morgan Stanley
MS
$336B
| $159K | 0.2% |
3,295,800
+1,037,000
| +46% | +$52.2M |
|
67
PUT
Adobe
ADBE
$109B
| $157K | 0.19% |
320,200
+52,500
| +20% | +$24.4M |
|
68
Eli Lilly
LLY
$1.12T
| $155K | 0.19% |
1,050,181
+834,266
| +386% | +$129M |
|
69
PUT
Micron Technology
MU
$1.09T
| $155K | 0.19% |
3,296,700
+1,539,000
| +88% | +$74.5M |
|
|
70
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $154K | 0.19% |
+2,096,000
| New | +$160M |
|
71
American Tower
AMT
$81.9B
| $151K | 0.19% |
623,017
+323,957
| +108% | +$82.1M |
|
72
Starbucks
SBUX
$122B
| $149K | 0.18% |
1,735,142
+1,514,930
| +688% | +$121M |
|
73
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $148K | 0.18% |
3,356,500
-383,500
| -10% | -$16.8M |
|
74
PUT
Home Depot
HD
$335B
| $144K | 0.18% |
520,100
-194,200
| -27% | -$52.6M |
|
75
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $144K | 0.18% |
2,250,800
+666,800
| +42% | +$42.1M |
|
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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.