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 | |
|---|---|---|---|---|---|---|
101
Advanced Micro Devices
AMD
$773B
| $113K | 0.14% |
1,376,959
-1,018,543
| -43% | -$75.6M |
|
102
PepsiCo
PEP
$196B
| $112K | 0.14% |
809,528
+89,852
| +12% | +$12.2M |
|
103
Bank of America
BAC
$431B
| $110K | 0.14% |
4,583,415
-576,583
| -11% | -$14.4M |
|
104
Parker-Hannifin
PH
$126B
| $110K | 0.14% |
545,308
+173,849
| +47% | +$34.2M |
|
105
Home Depot
HD
$335B
| $110K | 0.14% |
396,024
-400,886
| -50% | -$109M |
|
106
eBay
EBAY
$46.3B
| $109K | 0.13% |
2,100,812
-2,277,037
| -52% | -$125M |
|
107
Abbott
ABT
$202B
| $109K | 0.13% |
1,003,197
+436,277
| +77% | +$44.3M |
|
108
Avantor
AVTR
$9.78B
| $109K | 0.13% |
4,832,679
+1,646,346
| +52% | +$34.2M |
|
109
McKesson
MCK
$100B
| $108K | 0.13% |
728,196
+246,360
| +51% | +$37.4M |
|
110
PUT
Walt Disney
DIS
$186B
| $108K | 0.13% |
873,200
-184,700
| -17% | -$23.1M |
|
111
PUT
Costco
COST
$420B
| $107K | 0.13% |
302,300
-5,100
| -2% | -$1.71M |
|
|
BFT.U
112
DELISTED
Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an
BFT.U
| $107K | 0.13% |
+10,500,000
| New | +$107M |
|
|
ATVI
113
DELISTED
Activision Blizzard
ATVI
| $107K | 0.13% |
1,321,588
-112,022
| -8% | -$9.09M |
|
114
Danaher
DHR
$154B
| $107K | 0.13% |
560,022
-272,741
| -33% | -$48.5M |
|
115
CALL
Tesla
TSLA
$1.43T
| $106K | 0.13% |
742,200
+631,200
| +569% | +$74.5M |
|
116
Humana
HUM
$45.5B
| $106K | 0.13% |
256,149
+60,040
| +31% | +$24.1M |
|
117
Dominion Energy
D
$58.6B
| $104K | 0.13% |
1,323,553
+1,257,970
| +1,918% | +$98.8M |
|
118
PUT
Citigroup
C
$221B
| $104K | 0.13% |
2,403,100
+641,700
| +36% | +$32M |
|
|
WMGI
119
DELISTED
Wright Medical Group Inc
WMGI
| $103K | 0.13% |
3,385,356
+1,694,799
| +100% | +$51.1M |
|
120
PUT
Bristol-Myers Squibb
BMY
$137B
| $103K | 0.13% |
1,707,800
-780,800
| -31% | -$47M |
|
|
121
PUT
PepsiCo
PEP
$196B
| $103K | 0.13% |
742,500
+127,300
| +21% | +$17.3M |
|
122
United Parcel Service
UPS
$86.8B
| $103K | 0.13% |
617,522
+605,055
| +4,853% | +$88.1M |
|
123
Morgan Stanley
MS
$336B
| $101K | 0.13% |
2,098,944
+1,720,767
| +455% | +$86.7M |
|
124
lululemon athletica
LULU
$13.7B
| $100K | 0.12% |
304,167
+297,563
| +4,506% | +$99.3M |
|
125
PUT
Oracle
ORCL
$422B
| $99.9K | 0.12% |
1,673,900
+1,140,300
| +214% | +$64.8M |
|
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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.