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 | Miscellaneous | 52.25% |
| 2 | Healthcare | 9.18% |
| 3 | Consumer Discretionary | 6.93% |
| 4 | Technology | 6.31% |
| 5 | Industrials | 5.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2126
Turning Point Brands
TPB
$1.69B
| $3.41M | ﹤0.01% |
+122,325
| New | +$3.6M |
|
|
RETA
2127
PUT
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $3.41M | ﹤0.01% |
35,000
-15,000
| -30% | -$1.87M |
|
2128
Verisk Analytics
VRSK
$24.9B
| $3.4M | ﹤0.01% |
18,346
-99,757
| -84% | -$18.3M |
|
|
JIH.WS
2129
CALL
DELISTED
Juniper Industrial Holdings, Inc. Redeemable warrants included as part of the units
JIH.WS
| $3.39M | ﹤0.01% |
324,482
-113,710
| -26% | -$132K |
|
2130
Photronics
PLAB
$1.78B
| $3.39M | ﹤0.01% |
340,654
+278,728
| +450% | +$3.01M |
|
2131
MGM Resorts International
MGM
$10.8B
| $3.39M | ﹤0.01% |
155,883
+88,986
| +133% | +$1.76M |
|
|
Y
2132
DELISTED
Alleghany Corp
Y
| $3.37M | ﹤0.01% |
6,482
-27,426
| -81% | -$14.4M |
|
2133
PUT
Baidu
BIDU
$32.9B
| $3.35M | ﹤0.01% |
26,500
+3,700
| +16% | +$458K |
|
2134
EPR Properties
EPR
$4.57B
| $3.35M | ﹤0.01% |
121,757
+94,726
| +350% | +$2.96M |
|
2135
RB Global
RBA
$15.9B
| $3.35M | ﹤0.01% |
56,494
+47,701
| +542% | +$2.52M |
|
2136
Fulgent Genetics
FLGT
$549M
| $3.34M | ﹤0.01% |
83,515
-16,255
| -16% | -$509K |
|
2137
Dillards
DDS
$9.85B
| $3.34M | ﹤0.01% |
91,373
-112,969
| -55% | -$3.17M |
|
2138
State Street Energy Select Sector SPDR ETF
XLE
$40.9B
| $3.33M | ﹤0.01% |
222,220
+3,576
| +2% | +$63.5K |
|
2139
Merit Medical Systems
MMSI
$5.35B
| $3.33M | ﹤0.01% |
76,480
+27,338
| +56% | +$1.24M |
|
|
HOLX
2140
CALL
DELISTED
Hologic
HOLX
| $3.32M | ﹤0.01% |
+50,000
| New | +$3.16M |
|
2141
Douglas Emmett
DEI
$1.99B
| $3.32M | ﹤0.01% |
132,374
-232,827
| -64% | -$6.57M |
|
2142
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
| $3.32M | ﹤0.01% |
35,535
+21,993
| +162% | +$2.06M |
|
2143
CALL
Automatic Data Processing
ADP
$113B
| $3.32M | ﹤0.01% |
23,800
-40,000
| -63% | -$5.61M |
|
2144
PUT
Trade Desk
TTD
$6.31B
| $3.32M | ﹤0.01% |
64,000
-48,000
| -43% | -$2.19M |
|
|
CTRA
2145
DELISTED
Coterra Energy
CTRA
| $3.31M | ﹤0.01% |
190,719
-478,278
| -71% | -$8.94M |
|
|
YAC.WS
2146
CALL
DELISTED
Yucaipa Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A
YAC.WS
| $3.31M | ﹤0.01% |
+333,333
| New | +$340K |
|
2147
Fiverr
FVRR
$338M
| $3.31M | ﹤0.01% |
23,806
-192,083
| -89% | -$20.6M |
|
2148
CALL
Lyft
LYFT
$6.57B
| $3.31M | ﹤0.01% |
+120,000
| New | +$3.57M |
|
|
CUTR
2149
DELISTED
Cutera, Inc.
CUTR
| $3.3M | ﹤0.01% |
173,984
-14,632
| -8% | -$226K |
|
2150
Medifast
MED
$136M
| $3.3M | ﹤0.01% |
20,047
-477
| -2% | -$78.5K |
|
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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 Miscellaneous at 52% of assets, up from 47% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- 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.