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 | |
|---|---|---|---|---|---|---|
1976
Neurocrine Biosciences
NBIX
$15.9B
| $4.1M | 0.01% |
42,636
-16,514
| -28% | -$1.91M |
|
1977
Gyre Therapeutics
GYRE
$705M
| $4.08M | 0.01% |
126,658
-25,787
| -17% | -$1.01M |
|
1978
Tronox
TROX
$874M
| $4.08M | 0.01% |
518,911
-558,032
| -52% | -$4.66M |
|
1979
STAG Industrial
STAG
$7.17B
| $4.08M | 0.01% |
+133,707
| New | +$4.22M |
|
1980
Covenant Logistics
CVLG
$902M
| $4.07M | 0.01% |
465,124
+142,538
| +44% | +$1.24M |
|
1981
Essent Group
ESNT
$6.25B
| $4.07M | 0.01% |
+109,899
| New | +$3.93M |
|
1982
Mirum Pharmaceuticals
MIRM
$6.01B
| $4.07M | 0.01% |
211,079
+200,241
| +1,848% | +$4.3M |
|
|
WBT
1983
DELISTED
Welbilt, Inc.
WBT
| $4.05M | 0.01% |
657,716
-337,408
| -34% | -$2.27M |
|
1984
Fresenius Medical Care
FMS
$12.5B
| $4.05M | 0.01% |
95,360
-18,224
| -16% | -$786K |
|
1985
CALL
Illumina
ILMN
$34B
| $4.05M | 0.01% |
13,467
-63,941
| -83% | -$22M |
|
1986
PUT
iRhythm Holdings
IRTC
$3.93B
| $4.05M | 0.01% |
+17,000
| New | +$3.01M |
|
|
ELMSW
1987
CALL
DELISTED
Electric Last Mile Solutions, Inc. Warrant
ELMSW
| $4.04M | 0.01% |
+406,665
| New | +$776K |
|
1988
Transocean
RIG
$6.25B
| $4.04M | 0.01% |
+5,006,658
| New | +$8.18M |
|
1989
PUT
Waste Management
WM
$88.4B
| $4.04M | 0.01% |
35,700
-7,300
| -17% | -$807K |
|
1990
Legend Biotech
LEGN
$4.02B
| $4.04M | 0.01% |
130,802
-150,444
| -53% | -$5.07M |
|
|
SEE
1991
DELISTED
Sealed Air
SEE
| $4.04M | 0.01% |
104,018
-131,358
| -56% | -$5M |
|
1992
Children's Place
PLCE
$59.4M
| $4.04M | 0.01% |
142,372
+37,354
| +36% | +$1.03M |
|
|
VIE
1993
DELISTED
Viela Bio, Inc. Common Stock
VIE
| $4.04M | 0.01% |
143,703
+130,871
| +1,020% | +$4.63M |
|
1994
CALL
Elevance Health
ELV
$87.3B
| $4.03M | 0.01% |
15,000
+13,100
| +689% | +$3.52M |
|
1995
Aon
AON
$75.1B
| $4.03M | 0.01% |
19,514
+16,612
| +572% | +$3.32M |
|
|
AAMI
1996
Acadian Asset Management
AAMI
$3.39B
| $4M | ﹤0.01% |
309,821
-103,893
| -25% | -$1.37M |
|
1997
Coherent
COHR
$57.6B
| $4M | ﹤0.01% |
98,531
-583,241
| -86% | -$25.7M |
|
|
THCA
1998
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
| $3.99M | ﹤0.01% |
400,000
| – | – |
|
1999
Upwork
UPWK
$1.08B
| $3.99M | ﹤0.01% |
228,690
-970,602
| -81% | -$14.5M |
|
2000
Liberty Latin America Class C
LILAK
$1.68B
| $3.98M | ﹤0.01% |
537,651
-436,582
| -45% | -$3.5M |
|
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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.