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 | |
|---|---|---|---|---|---|---|
1651
ZTO Express
ZTO
$16.3B
| $5.84M | 0.01% |
195,792
+183,718
| +1,522% | +$6.27M |
|
1652
Selective Insurance
SIGI
$5.47B
| $5.84M | 0.01% |
113,433
+48,723
| +75% | +$2.69M |
|
|
RPTX
1653
DELISTED
Repare Therapeutics
RPTX
| $5.83M | 0.01% |
189,645
-33,599
| -15% | -$890K |
|
1654
Mercury Systems
MRCY
$5.28B
| $5.83M | 0.01% |
75,305
-30,166
| -29% | -$2.29M |
|
1655
Constellium
CSTM
$3.67B
| $5.82M | 0.01% |
741,683
-448,859
| -38% | -$3.71M |
|
|
GLDD
1656
DELISTED
Great Lakes Dredge & Dock
GLDD
| $5.82M | 0.01% |
612,128
+570,213
| +1,360% | +$5.23M |
|
1657
Heartland Express
HTLD
$950M
| $5.81M | 0.01% |
312,448
-107,930
| -26% | -$2.2M |
|
|
TPH
1658
DELISTED
Tri Pointe Homes
TPH
| $5.81M | 0.01% |
320,405
-769,820
| -71% | -$13M |
|
1659
Align Technology
ALGN
$11.3B
| $5.81M | 0.01% |
17,735
-130,691
| -88% | -$39.9M |
|
1660
Northern Trust
NTRS
$34.2B
| $5.8M | 0.01% |
74,412
-369,282
| -83% | -$29.7M |
|
1661
State Street SPDR S&P Bank ETF
KBE
$1.69B
| $5.79M | 0.01% |
+196,751
| New | +$6.12M |
|
1662
TripAdvisor
TRIP
$1.18B
| $5.79M | 0.01% |
295,432
-130,749
| -31% | -$2.75M |
|
1663
JPMorgan Ultra-Short Income ETF
JPST
$40.8B
| $5.78M | 0.01% |
113,843
+38,475
| +51% | +$1.96M |
|
1664
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.05B
| $5.78M | 0.01% |
245,000
| – | – |
|
1665
CALL
United Parcel Service
UPS
$89.5B
| $5.78M | 0.01% |
34,700
-226,600
| -87% | -$33M |
|
|
EFC
1666
Ellington Financial
EFC
$1.75B
| $5.78M | 0.01% |
471,372
+1,327
| +0.3% | +$16.2K |
|
1667
ServiceNow
NOW
$131B
| $5.78M | 0.01% |
59,565
-428,250
| -88% | -$38.2M |
|
1668
NETGEAR
NTGR
$581M
| $5.77M | 0.01% |
187,251
+159,438
| +573% | +$4.84M |
|
|
VSTO
1669
DELISTED
Vista Outdoor Inc.
VSTO
| $5.77M | 0.01% |
285,963
+61,188
| +27% | +$1.12M |
|
1670
Sinclair Inc
SBGI
$1.06B
| $5.77M | 0.01% |
300,006
-36,923
| -11% | -$745K |
|
1671
Enanta Pharmaceuticals
ENTA
$410M
| $5.76M | 0.01% |
125,913
+89,026
| +241% | +$4.31M |
|
|
1672
CALL
Align Technology
ALGN
$11.3B
| $5.76M | 0.01% |
17,600
+12,600
| +252% | +$3.85M |
|
1673
PUT
Petrobras
PBR
$115B
| $5.75M | 0.01% |
808,300
| – | – |
|
1674
CALL
Altria Group
MO
$114B
| $5.75M | 0.01% |
148,900
-84,000
| -36% | -$3.5M |
|
1675
Casella Waste Systems
CWST
$5.95B
| $5.75M | 0.01% |
+102,997
| New | +$5.64M |
|
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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.