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 | |
|---|---|---|---|---|---|---|
151
CALL
UnitedHealth
UNH
$350B
| $87.1K | 0.11% |
279,500
+36,300
| +15% | +$11.2M |
|
152
Bio-Rad Laboratories Class A
BIO
$10.2B
| $86.3K | 0.11% |
167,370
-10,722
| -6% | -$5.43M |
|
153
Crown Castle
CCI
$32.1B
| $86.3K | 0.11% |
518,126
+137,128
| +36% | +$22.6M |
|
|
FISV
154
Fiserv Inc
FISV
$28B
| $85.7K | 0.11% |
831,951
-1,103,547
| -57% | -$110M |
|
155
CALL
Goldman Sachs
GS
$303B
| $85.1K | 0.1% |
423,500
-118,800
| -22% | -$24.2M |
|
156
CALL
PayPal
PYPL
$52.7B
| $84.9K | 0.1% |
431,000
+218,600
| +103% | +$41.2M |
|
157
Marathon Petroleum
MPC
$101B
| $84.4K | 0.1% |
2,876,450
+696,215
| +32% | +$24.5M |
|
158
Medtronic
MDT
$119B
| $83.4K | 0.1% |
802,847
+197,823
| +33% | +$19.9M |
|
159
Global Payments
GPN
$24.7B
| $83K | 0.1% |
467,506
-540,940
| -54% | -$93.6M |
|
160
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $82.9K | 0.1% |
3,445,300
-169,200
| -5% | -$4.12M |
|
161
Dollar General
DG
$27.2B
| $82.8K | 0.1% |
395,016
-834,473
| -68% | -$164M |
|
162
Labcorp
LH
$27.3B
| $82.3K | 0.1% |
509,138
-231,727
| -31% | -$36.7M |
|
163
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $82.1K | 0.1% |
2,966,700
-203,600
| -6% | -$6.24M |
|
164
GE Aerospace
GE
$361B
| $81.4K | 0.1% |
2,622,558
+1,898,273
| +262% | +$61.7M |
|
165
ExxonMobil
XOM
$679B
| $80.8K | 0.1% |
2,354,933
+1,915,564
| +436% | +$78.3M |
|
166
Carrier Global
CARR
$49.8B
| $79K | 0.1% |
2,586,636
+1,900,172
| +277% | +$53.8M |
|
167
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $78.8K | 0.1% |
2,655,600
-1,670,200
| -39% | -$49.6M |
|
168
CALL
Broadcom
AVGO
$1.75T
| $78.8K | 0.1% |
2,163,000
-206,000
| -9% | -$6.9M |
|
169
Biogen
BIIB
$32B
| $78.7K | 0.1% |
277,459
+177,339
| +177% | +$49.5M |
|
170
Darden Restaurants
DRI
$25.2B
| $78.7K | 0.1% |
781,228
-6,242
| -0.8% | -$519K |
|
171
American Electric Power
AEP
$65.8B
| $78.4K | 0.1% |
959,131
+162,506
| +20% | +$13.4M |
|
172
Union Pacific
UNP
$183B
| $77.6K | 0.1% |
394,000
-286,821
| -42% | -$53.3M |
|
173
CALL
Cisco
CSCO
$438B
| $77.4K | 0.1% |
1,965,000
+933,300
| +90% | +$40.7M |
|
174
CALL
Merck
MRK
$376B
| $77.4K | 0.1% |
977,889
+125,236
| +15% | +$9.81M |
|
|
MXIM
175
DELISTED
Maxim Integrated Products
MXIM
| $77.1K | 0.09% |
1,140,472
+917,680
| +412% | +$62.1M |
|
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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.