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 | |
|---|---|---|---|---|---|---|
76
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $141K | 0.17% |
661,000
+42,100
| +7% | +$8.61M |
|
77
CALL
Bristol-Myers Squibb
BMY
$137B
| $139K | 0.17% |
2,434,500
+519,700
| +27% | +$31.3M |
|
78
PUT
Charter Communications
CHTR
$17.9B
| $138K | 0.17% |
221,100
-6,900
| -3% | -$4.07M |
|
|
KSU
79
DELISTED
Kansas City Southern
KSU
| $136K | 0.17% |
753,948
+699,492
| +1,285% | +$121M |
|
80
Walmart Inc
WMT
$825B
| $135K | 0.17% |
2,897,955
-732,057
| -20% | -$32.5M |
|
81
Crown Holdings
CCK
$13B
| $133K | 0.16% |
1,731,533
+1,357,554
| +363% | +$99.3M |
|
82
PUT
Johnson & Johnson
JNJ
$651B
| $132K | 0.16% |
887,800
-47,400
| -5% | -$7.01M |
|
83
Blackstone
BX
$108B
| $131K | 0.16% |
2,508,185
-538,354
| -18% | -$28.8M |
|
|
HOLX
84
DELISTED
Hologic
HOLX
| $130K | 0.16% |
1,950,350
+808,864
| +71% | +$51.2M |
|
85
Clorox
CLX
$12.9B
| $129K | 0.16% |
611,492
+568,027
| +1,307% | +$126M |
|
86
Generac Holdings
GNRC
$12.2B
| $126K | 0.16% |
651,793
+65,399
| +11% | +$10.8M |
|
87
PUT
Comcast
CMCSA
$95.3B
| $124K | 0.15% |
2,690,800
+1,604,200
| +148% | +$69.7M |
|
88
PUT
ServiceNow
NOW
$133B
| $124K | 0.15% |
1,278,500
+261,500
| +26% | +$23.4M |
|
89
PUT
Qualcomm
QCOM
$169B
| $124K | 0.15% |
1,052,900
+222,500
| +27% | +$23.8M |
|
|
90
PUT
JPMorgan Chase
JPM
$935B
| $123K | 0.15% |
1,277,300
-151,100
| -11% | -$14.8M |
|
91
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $122K | 0.15% |
2,058,600
+1,912,900
| +1,313% | +$113M |
|
|
PSTH
92
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
| $120K | 0.15% |
+5,275,934
| New | +$119M |
|
93
Alibaba
BABA
$286B
| $120K | 0.15% |
406,865
-282,906
| -41% | -$74.5M |
|
94
PUT
Merck
MRK
$376B
| $117K | 0.14% |
1,482,920
+82,163
| +6% | +$6.44M |
|
95
Visa
V
$693B
| $117K | 0.14% |
586,415
+383,507
| +189% | +$76.6M |
|
96
PUT
Starbucks
SBUX
$122B
| $115K | 0.14% |
1,344,100
+858,100
| +177% | +$68.4M |
|
|
97
CALL
Visa
V
$693B
| $115K | 0.14% |
577,500
+256,700
| +80% | +$51.3M |
|
98
NIO
NIO
$11.6B
| $115K | 0.14% |
5,399,546
-964,754
| -15% | -$14.9M |
|
99
RTX Corp
RTX
$283B
| $114K | 0.14% |
1,983,818
+1,093,021
| +123% | +$66.5M |
|
100
Entergy
ETR
$48.8B
| $114K | 0.14% |
2,314,540
-315,182
| -12% | -$15.6M |
|
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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.