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 | |
|---|---|---|---|---|---|---|
126
Williams Companies
WMB
$86.2B
| $99.5K | 0.12% |
5,064,339
+3,780,105
| +294% | +$77M |
|
127
IQVIA
IQV
$42.8B
| $99.2K | 0.12% |
629,012
+303,377
| +93% | +$47.5M |
|
128
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $99.1K | 0.12% |
3,114,800
+467,400
| +18% | +$14.5M |
|
129
PUT
Goldman Sachs
GS
$303B
| $98.5K | 0.12% |
490,100
+67,400
| +16% | +$13.7M |
|
130
Newmont
NEM
$139B
| $97.7K | 0.12% |
1,539,297
-1,230,294
| -44% | -$80.2M |
|
131
Natera
NTRA
$47.9B
| $97.3K | 0.12% |
1,346,966
+439,717
| +48% | +$25M |
|
132
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $97.3K | 0.12% |
1,323,400
+707,600
| +115% | +$50.1M |
|
133
PUT
UnitedHealth
UNH
$350B
| $96.9K | 0.12% |
310,900
+82,300
| +36% | +$25.3M |
|
134
JD.com
JD
$39.7B
| $96.1K | 0.12% |
1,238,203
+61,246
| +5% | +$4.26M |
|
135
PUT
Broadcom
AVGO
$1.75T
| $95.8K | 0.12% |
2,629,000
+99,000
| +4% | +$3.32M |
|
136
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $95.5K | 0.12% |
1,500,000
+1,000,000
| +200% | +$64M |
|
137
Chubb
CB
$132B
| $94K | 0.12% |
809,385
+337,718
| +72% | +$42.4M |
|
138
PUT
Boeing
BA
$169B
| $92.6K | 0.11% |
560,300
+221,100
| +65% | +$37.7M |
|
|
EXAS
139
DELISTED
Exact Sciences
EXAS
| $92.2K | 0.11% |
904,435
+270,070
| +43% | +$23.3M |
|
140
TJX Companies
TJX
$155B
| $92K | 0.11% |
1,653,348
-100,051
| -6% | -$5.39M |
|
141
Bunge Global
BG
$21.7B
| $90.8K | 0.11% |
1,986,061
+677,832
| +52% | +$30.3M |
|
142
FirstEnergy
FE
$26.6B
| $90.7K | 0.11% |
3,160,181
+2,172,843
| +220% | +$68.2M |
|
143
Adobe
ADBE
$109B
| $90.5K | 0.11% |
184,559
+63,570
| +53% | +$29.6M |
|
144
Target
TGT
$75.1B
| $90K | 0.11% |
571,489
-181,997
| -24% | -$25M |
|
145
Axalta
AXTA
$7.75B
| $89.4K | 0.11% |
4,030,393
+2,496,422
| +163% | +$57.9M |
|
146
NVIDIA
NVDA
$5.2T
| $89.1K | 0.11% |
6,583,640
+4,091,280
| +164% | +$47.6M |
|
147
CACI
CACI
$14.3B
| $88.6K | 0.11% |
415,597
+137,468
| +49% | +$29.7M |
|
148
Thermo Fisher Scientific
TMO
$233B
| $88.1K | 0.11% |
199,537
+103,406
| +108% | +$42.7M |
|
149
PUT
Nike
NKE
$60.5B
| $87.9K | 0.11% |
700,100
+107,400
| +18% | +$11.5M |
|
150
AutoZone
AZO
$48.3B
| $87.8K | 0.11% |
74,584
+50,175
| +206% | +$59.3M |
|
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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.