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 | |
|---|---|---|---|---|---|---|
|
HTLF
1801
DELISTED
Heartland Financial USA, Inc.
HTLF
| $5M | 0.01% |
166,809
+120,201
| +258% | +$3.86M |
|
|
KW
1802
DELISTED
Kennedy-Wilson Holdings
KW
| $4.98M | 0.01% |
342,967
+196,150
| +134% | +$2.92M |
|
1803
Honda
HMC
$41.3B
| $4.98M | 0.01% |
210,043
-68,913
| -25% | -$1.74M |
|
1804
QuantumScape Corp
QS
$3.58B
| $4.97M | 0.01% |
+297,000
| New | +$4.4M |
|
1805
Unifirst Corp
UNF
$5.21B
| $4.96M | 0.01% |
26,220
-2,048
| -7% | -$383K |
|
1806
Tenaris
TS
$27.6B
| $4.96M | 0.01% |
503,780
+271,196
| +117% | +$3.21M |
|
|
TWTR
1807
DELISTED
Twitter, Inc.
TWTR
| $4.96M | 0.01% |
111,430
-1,211,272
| -92% | -$46.5M |
|
|
WCC
1808
WESCO International
WCC
$16.5B
| $4.95M | 0.01% |
112,510
-301,272
| -73% | -$12.9M |
|
|
AGNT
1809
AGNT Inc
AGNT
$762M
| $4.95M | 0.01% |
245,180
-236,028
| -49% | -$3.64M |
|
1810
Wintrust Financial
WTFC
$10.2B
| $4.94M | 0.01% |
123,447
+89,671
| +265% | +$3.84M |
|
1811
Trustmark
TRMK
$2.68B
| $4.94M | 0.01% |
230,834
-115,921
| -33% | -$2.66M |
|
1812
Cogent Communications
CCOI
$506M
| $4.94M | 0.01% |
+82,223
| New | +$6M |
|
|
WORK
1813
DELISTED
Slack Technologies, Inc.
WORK
| $4.92M | 0.01% |
183,018
-205,385
| -53% | -$6.04M |
|
|
LX
1814
LexinFintech Holdings
LX
$214M
| $4.9M | 0.01% |
715,589
-234,623
| -25% | -$2.04M |
|
1815
Phreesia
PHR
$712M
| $4.9M | 0.01% |
+152,556
| New | +$4.54M |
|
1816
Butterfly Network
BFLY
$2.41B
| $4.9M | 0.01% |
+498,849
| New | +$4.94M |
|
1817
Kornit Digital
KRNT
$719M
| $4.89M | 0.01% |
75,428
+69,401
| +1,152% | +$3.98M |
|
1818
West Pharmaceutical
WST
$24.5B
| $4.89M | 0.01% |
17,781
-145,875
| -89% | -$38.6M |
|
1819
PUT
VanEck Oil Services ETF
OIH
$1.93B
| $4.89M | 0.01% |
50,000
| – | – |
|
1820
Molson Coors Class B
TAP
$7.83B
| $4.89M | 0.01% |
145,596
-274,552
| -65% | -$9.91M |
|
1821
Barclays
BCS
$91.5B
| $4.88M | 0.01% |
973,715
-366,502
| -27% | -$2.02M |
|
1822
PUT
Boston Scientific
BSX
$72.3B
| $4.88M | 0.01% |
127,600
+67,300
| +112% | +$2.59M |
|
1823
CALL
Baxter International
BAX
$13.6B
| $4.87M | 0.01% |
60,600
-80,000
| -57% | -$6.73M |
|
1824
SLM Corp
SLM
$4.98B
| $4.87M | 0.01% |
602,298
+69,635
| +13% | +$509K |
|
1825
Brown & Brown
BRO
$24.5B
| $4.87M | 0.01% |
107,506
-29,721
| -22% | -$1.33M |
|
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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.