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 | |
|---|---|---|---|---|---|---|
1951
CALL
GE Aerospace
GE
$368B
| $4.22M | 0.01% |
140,125
+51,644
| +58% | +$1.68M |
|
|
BNR
1952
Burning Rock Biotech
BNR
$110M
| $4.22M | 0.01% |
16,822
-9,936
| -37% | -$2.35M |
|
|
ABMD
1953
DELISTED
Abiomed Inc
ABMD
| $4.22M | 0.01% |
15,224
+12,408
| +441% | +$3.57M |
|
1954
Franklin Templeton
BEN
$17.8B
| $4.21M | 0.01% |
206,985
-33,372
| -14% | -$701K |
|
1955
Gray Television
GTN
$507M
| $4.21M | 0.01% |
305,560
+65,686
| +27% | +$960K |
|
1956
Trupanion
TRUP
$1.32B
| $4.21M | 0.01% |
53,299
-825
| -2% | -$49.5K |
|
|
VBTX
1957
DELISTED
Veritex Holdings
VBTX
| $4.18M | 0.01% |
245,733
+81,587
| +50% | +$1.41M |
|
|
AKUS
1958
DELISTED
Akouos Inc
AKUS
| $4.18M | 0.01% |
182,987
-104,455
| -36% | -$2.32M |
|
|
FREEW
1959
CALL
DELISTED
Whole Earth Brands, Inc. Warrant
FREEW
| $4.18M | 0.01% |
1,003,112
-238,588
| -19% | -$206K |
|
|
MKTWW
1960
CALL
DELISTED
MarketWise, Inc. Warrant
MKTWW
| $4.17M | 0.01% |
+420,000
| New | +$606K |
|
|
LONA
1961
LeonaBio Inc
LONA
$73.6M
| $4.16M | 0.01% |
+22,549
| New | +$3.77M |
|
1962
SM Energy
SM
$8.41B
| $4.16M | 0.01% |
2,613,319
-2,314,097
| -47% | -$6.46M |
|
1963
PUT
BioNTech
BNTX
$28.3B
| $4.15M | 0.01% |
+60,000
| New | +$4.3M |
|
|
ESGR
1964
DELISTED
Enstar Group
ESGR
| $4.15M | 0.01% |
25,706
+12,186
| +90% | +$2.07M |
|
1965
Veracyte
VCYT
$3.56B
| $4.15M | 0.01% |
+127,808
| New | +$4.06M |
|
1966
Mesa Laboratories
MLAB
$712M
| $4.14M | 0.01% |
16,262
-4,530
| -22% | -$1.08M |
|
|
PSTX
1967
DELISTED
Poseida Therapeutics, Inc. Common Stock
PSTX
| $4.14M | 0.01% |
+466,459
| New | +$5.31M |
|
1968
PUT
Crown Castle
CCI
$32.1B
| $4.13M | 0.01% |
24,800
+18,500
| +294% | +$3.05M |
|
|
STLNW
1969
CALL
Starling Oncology Warrant
STLNW
$5.78M
| $4.13M | 0.01% |
397,450
+370,000
| +1,348% | +$607K |
|
1970
GDS Holdings
GDS
$6.52B
| $4.12M | 0.01% |
50,388
-78,795
| -61% | -$6.31M |
|
|
CSII
1971
DELISTED
Cardiovascular Systems, Inc.
CSII
| $4.12M | 0.01% |
+104,744
| New | +$3.38M |
|
1972
First Financial Bankshares
FFIN
$4.83B
| $4.12M | 0.01% |
147,615
+27,182
| +23% | +$805K |
|
1973
FormFactor
FORM
$8.44B
| $4.12M | 0.01% |
165,193
+126,724
| +329% | +$3.53M |
|
1974
Modine Manufacturing
MOD
$9.95B
| $4.11M | 0.01% |
656,979
-274,378
| -29% | -$1.66M |
|
|
SFIX
1975
Stitch Fix
SFIX
$423M
| $4.1M | 0.01% |
151,239
+61,610
| +69% | +$1.58M |
|
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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.