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 | |
|---|---|---|---|---|---|---|
1701
Extreme Networks
EXTR
$2.95B
| $5.56M | 0.01% |
1,383,188
-379,938
| -22% | -$1.65M |
|
1702
Brookfield
BN
$94B
| $5.56M | 0.01% |
314,065
+35,714
| +13% | +$638K |
|
1703
Fortuna Silver Mines
FSM
$3.68B
| $5.55M | 0.01% |
873,245
+295,597
| +51% | +$1.9M |
|
1704
ACM Research
ACMR
$5.56B
| $5.54M | 0.01% |
240,570
-125,016
| -34% | -$3.55M |
|
1705
Akebia Therapeutics
AKBA
$266M
| $5.54M | 0.01% |
+2,207,278
| New | +$19.4M |
|
|
DEH.U
1706
DELISTED
D8 Holdings Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemabl
DEH.U
| $5.54M | 0.01% |
+550,000
| New | +$5.53M |
|
1707
Haverty Furniture Companies
HVT
$425M
| $5.53M | 0.01% |
263,849
+212,436
| +413% | +$3.85M |
|
1708
PUT
Invesco CurrencyShares Euro Currency Trust
FXE
$361M
| $5.52M | 0.01% |
+50,000
| New | +$5.51M |
|
1709
Golar LNG
GLNG
$5.31B
| $5.51M | 0.01% |
910,380
+362,891
| +66% | +$3.25M |
|
|
FFG
1710
DELISTED
FBL Financial Group
FFG
| $5.51M | 0.01% |
114,344
+47,700
| +72% | +$1.9M |
|
1711
Commerce Bancshares
CBSH
$8.35B
| $5.51M | 0.01% |
131,112
+44,527
| +51% | +$1.91M |
|
1712
Insulet
PODD
$9.92B
| $5.5M | 0.01% |
23,260
-100,040
| -81% | -$21.1M |
|
|
EPZM
1713
DELISTED
Epizyme, Inc
EPZM
| $5.5M | 0.01% |
+461,258
| New | +$6.18M |
|
|
WBA
1714
CALL
DELISTED
Walgreens Boots Alliance
WBA
| $5.5M | 0.01% |
+153,000
| New | +$5.98M |
|
|
WIRE
1715
DELISTED
Encore Wire Corp
WIRE
| $5.5M | 0.01% |
118,408
+104,552
| +755% | +$5.23M |
|
1716
Mercer International
MERC
$28.6M
| $5.49M | 0.01% |
831,123
+501,420
| +152% | +$3.84M |
|
|
CSGS
1717
DELISTED
CSG Systems International
CSGS
| $5.48M | 0.01% |
133,921
-28,239
| -17% | -$1.18M |
|
1718
American Homes 4 Rent
AMH
$12.4B
| $5.48M | 0.01% |
192,531
-835,746
| -81% | -$23.6M |
|
1719
Conduent
CNDT
$253M
| $5.45M | 0.01% |
1,714,270
-304,317
| -15% | -$902K |
|
1720
PUT
McKesson
MCK
$106B
| $5.45M | 0.01% |
36,600
| – | – |
|
|
CLLS
1721
Cellectis
CLLS
$344M
| $5.44M | 0.01% |
293,843
-18,200
| -6% | -$323K |
|
1722
International Flavors & Fragrances
IFF
$22.2B
| $5.43M | 0.01% |
44,371
-166,441
| -79% | -$20.7M |
|
1723
PUT
PENN Entertainment
PENN
$2.38B
| $5.43M | 0.01% |
+74,700
| New | +$3.66M |
|
|
XLNX
1724
CALL
DELISTED
Xilinx Inc
XLNX
| $5.43M | 0.01% |
52,100
-25,500
| -33% | -$2.62M |
|
1725
Moody's
MCO
$88.9B
| $5.43M | 0.01% |
18,734
-1,288
| -6% | -$368K |
|
Similar funds
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.