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 | |
|---|---|---|---|---|---|---|
|
ATRI
1601
DELISTED
Atrion Corp
ATRI
| $6.23M | 0.01% |
9,948
-4,444
| -31% | -$2.87M |
|
1602
Insmed
INSM
$27.1B
| $6.21M | 0.01% |
193,213
-109,965
| -36% | -$3.16M |
|
1603
Xcel Energy
XEL
$48.2B
| $6.21M | 0.01% |
89,968
-46,941
| -34% | -$3.2M |
|
1604
Grocery Outlet
GO
$1.2B
| $6.19M | 0.01% |
157,532
-307,207
| -66% | -$12.7M |
|
1605
Arcos Dorados Holdings
ARCO
$1.71B
| $6.19M | 0.01% |
1,531,917
+32,150
| +2% | +$144K |
|
|
TVTY
1606
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $6.19M | 0.01% |
441,582
-924,603
| -68% | -$13.3M |
|
1607
JELD-WEN Holding
JELD
$208M
| $6.19M | 0.01% |
273,783
+60,153
| +28% | +$1.23M |
|
1608
PUT
Old Dominion Freight Line
ODFL
$41.1B
| $6.19M | 0.01% |
68,400
| – | – |
|
|
FISV
1609
CALL
Fiserv Inc
FISV
$27.9B
| $6.18M | 0.01% |
+60,000
| New | +$5.98M |
|
|
TWO
1610
Two Harbors Investment
TWO
$1.28B
| $6.18M | 0.01% |
303,553
-39,590
| -12% | -$840K |
|
1611
XPO
XPO
$22.5B
| $6.18M | 0.01% |
211,046
-536,460
| -72% | -$15.4M |
|
1612
Immunic
IMUX
$224M
| $6.18M | 0.01% |
+33,261
| New | +$5.45M |
|
1613
CALL
Kinross Gold
KGC
$39.7B
| $6.17M | 0.01% |
+700,000
| New | +$6.05M |
|
1614
CALL
General Mills
GIS
$21.3B
| $6.17M | 0.01% |
100,000
+83,400
| +502% | +$5.21M |
|
1615
PUT
ConocoPhillips
COP
$158B
| $6.13M | 0.01% |
186,800
-14,200
| -7% | -$538K |
|
1616
CALL
Genworth Financial
GNW
$3.73B
| $6.13M | 0.01% |
+1,830,800
| New | +$4.88M |
|
1617
Box
BOX
$4.57B
| $6.13M | 0.01% |
353,096
-179,665
| -34% | -$3.32M |
|
1618
CALL
Uber
UBER
$164B
| $6.13M | 0.01% |
+168,000
| New | +$5.55M |
|
1619
PUT
Biogen
BIIB
$32.6B
| $6.1M | 0.01% |
21,500
-9,500
| -31% | -$2.65M |
|
1620
GameStop
GME
$8.12B
| $6.1M | 0.01% |
2,391,092
+1,516,300
| +173% | +$2.19M |
|
1621
JetBlue
JBLU
$1.92B
| $6.1M | 0.01% |
538,129
-582,320
| -52% | -$6.54M |
|
1622
Teradata
TDC
$2.55B
| $6.09M | 0.01% |
268,465
+231,803
| +632% | +$5.15M |
|
|
INSUW
1623
CALL
DELISTED
Insurance Acquisition Corp. Warrant
INSUW
| $6.08M | 0.01% |
+514,899
| New | +$1.38M |
|
|
SIVB
1624
DELISTED
SVB Financial Group
SIVB
| $6.08M | 0.01% |
25,273
-33,723
| -57% | -$7.93M |
|
1625
SL Green Realty
SLG
$4.24B
| $6.07M | 0.01% |
135,249
-197,259
| -59% | -$9.14M |
|
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Israel Englander's Q3 2020 Portfolio in Review
As of Q3 2020, Israel Englander held 5,106 positions worth $81.2B, up 11% from $73B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Israel Englander's Q3 2020 filing shows 989 new, 1,503 increased, 1,793 reduced and 724 closed positions. Its largest new stake was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120M. The largest sale was JPMorgan Chase, an estimated $278M.
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.
- Israel Englander's largest Q3 2020 buy was Pershing Square Tontine Holdings, Ltd.: 5,275,934 shares worth $120M.
- 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 $81.2B portfolio in Q3 2020.
- Israel Englander opened 989 new positions and closed 724 in Q3 2020.
- Israel Englander's portfolio value rose 11% quarter-over-quarter to $81.2B.
Based on Millennium Management's 13F filing for Q3 2020, filed 16 Nov 2020.