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 | |
|---|---|---|---|---|---|---|
176
CALL
NVIDIA
NVDA
$5.2T
| $76.5K | 0.09% |
5,656,000
-2,928,000
| -34% | -$34.1M |
|
|
PPD
177
DELISTED
PPD, Inc. Common Stock
PPD
| $76.5K | 0.09% |
2,068,680
+2,034,399
| +5,934% | +$64.5M |
|
178
PUT
Caterpillar
CAT
$381B
| $76.5K | 0.09% |
512,800
+180,900
| +55% | +$25.4M |
|
179
Northrop Grumman
NOC
$78.3B
| $74.6K | 0.09% |
236,431
-105,831
| -31% | -$34.5M |
|
180
Realty Income
O
$59.2B
| $74.4K | 0.09% |
1,264,676
+1,151,964
| +1,022% | +$68.1M |
|
|
181
JPMorgan Chase
JPM
$935B
| $74.2K | 0.09% |
770,234
-2,829,764
| -79% | -$278M |
|
182
Blackrock
BLK
$179B
| $73.8K | 0.09% |
130,895
+113,336
| +645% | +$64.7M |
|
|
183
CALL
Caterpillar
CAT
$381B
| $73.6K | 0.09% |
493,700
+157,800
| +47% | +$22.2M |
|
184
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $73.1K | 0.09% |
994,658
+784,114
| +372% | +$55.5M |
|
185
CALL
Berkshire Hathaway Class B
BRK.B
$1.06T
| $73.1K | 0.09% |
343,100
+89,700
| +35% | +$18.3M |
|
186
Cigna
CI
$73.3B
| $73K | 0.09% |
430,966
+292,662
| +212% | +$51.5M |
|
187
CALL
Oracle
ORCL
$422B
| $72.9K | 0.09% |
1,221,600
+934,200
| +325% | +$53.1M |
|
188
PUT
Abbott
ABT
$202B
| $72.8K | 0.09% |
669,000
+349,500
| +109% | +$35.5M |
|
189
Charles River Laboratories
CRL
$14.1B
| $72.7K | 0.09% |
320,837
+32,378
| +11% | +$6.72M |
|
190
KBR
KBR
$4.86B
| $72.5K | 0.09% |
3,242,127
-977,134
| -23% | -$22.7M |
|
191
Citigroup
C
$221B
| $72.1K | 0.09% |
1,673,223
-160,238
| -9% | -$7.98M |
|
192
Intercontinental Exchange
ICE
$90.5B
| $71.9K | 0.09% |
718,744
-714,800
| -50% | -$70.5M |
|
193
NextEra Energy
NEE
$174B
| $71.9K | 0.09% |
1,036,220
+402,556
| +64% | +$27.8M |
|
194
Avient
AVNT
$4.1B
| $71K | 0.09% |
2,685,087
+1,155,921
| +76% | +$30.1M |
|
195
Pultegroup
PHM
$24.6B
| $70.8K | 0.09% |
1,529,392
-176,896
| -10% | -$7.57M |
|
196
PUT
iShares China Large-Cap ETF
FXI
$4.28B
| $70.5K | 0.09% |
1,679,200
+948,600
| +130% | +$40.8M |
|
197
3M
MMM
$92.3B
| $70K | 0.09% |
522,583
+442,376
| +552% | +$59.5M |
|
|
198
Intel
INTC
$476B
| $69.8K | 0.09% |
1,348,396
-4,287,486
| -76% | -$223M |
|
199
Vale
VALE
$62.1B
| $69.7K | 0.09% |
6,590,158
-84,575
| -1% | -$950K |
|
200
AES
AES
$10.5B
| $69.4K | 0.09% |
3,830,749
+1,402,802
| +58% | +$23.4M |
|
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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.