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 | |
|---|---|---|---|---|---|---|
201
Cisco
CSCO
$438B
| $69.3K | 0.09% |
1,759,349
+606,965
| +53% | +$26.5M |
|
202
Intuit
INTU
$100B
| $69.2K | 0.09% |
+212,223
| New | +$66.4M |
|
203
Invesco QQQ Trust
QQQ
$486B
| $69.1K | 0.09% |
248,834
+164,892
| +196% | +$44.7M |
|
|
GRUB
204
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $68.7K | 0.08% |
475,239
+417,134
| +718% | +$60.2M |
|
205
Louisiana-Pacific
LPX
$5.12B
| $68.7K | 0.08% |
2,326,516
+1,643,725
| +241% | +$50.5M |
|
|
EA
206
PUT
DELISTED
Electronic Arts
EA
| $68.6K | 0.08% |
525,900
+155,600
| +42% | +$21.2M |
|
|
VAR
207
PUT
DELISTED
Varian Medical Systems, Inc.
VAR
| $68.6K | 0.08% |
+398,600
| New | +$62.7M |
|
208
CALL
Amgen
AMGN
$238B
| $68.4K | 0.08% |
269,200
+109,700
| +69% | +$27.2M |
|
209
Salesforce
CRM
$171B
| $68.3K | 0.08% |
271,825
-369,593
| -58% | -$80.9M |
|
210
PUT
Bank of America
BAC
$431B
| $68K | 0.08% |
2,820,900
-188,000
| -6% | -$4.68M |
|
|
ETFC
211
DELISTED
E*Trade Financial Corporation
ETFC
| $67.8K | 0.08% |
1,353,952
-356,900
| -21% | -$18.6M |
|
212
CoStar Group
CSGP
$13.1B
| $67.3K | 0.08% |
793,630
+528,190
| +199% | +$42.1M |
|
213
NVR
NVR
$16.9B
| $67.3K | 0.08% |
16,485
-3,815
| -19% | -$14.7M |
|
214
PUT
AT&T
T
$173B
| $67.1K | 0.08% |
3,117,358
-114,791
| -4% | -$2.57M |
|
|
ECOLW
215
CALL
DELISTED
US Ecology, Inc. Warrant
ECOLW
| $67K | 0.08% |
2,051,500
+529,100
| +35% | +$2.98M |
|
|
CTLT
216
DELISTED
CATALENT, INC.
CTLT
| $67K | 0.08% |
782,268
-325,669
| -29% | -$27.5M |
|
217
PUT
Procter & Gamble
PG
$336B
| $66.8K | 0.08% |
480,300
+244,500
| +104% | +$32.5M |
|
218
Chipotle Mexican Grill
CMG
$46.7B
| $66.6K | 0.08% |
2,679,200
+2,126,500
| +385% | +$51.3M |
|
219
Cardinal Health
CAH
$53.4B
| $66.2K | 0.08% |
1,410,565
+453,707
| +47% | +$23.3M |
|
220
Dover
DOV
$27.2B
| $66.1K | 0.08% |
610,507
+223,059
| +58% | +$23.9M |
|
221
Constellation Brands
STZ
$23.2B
| $66K | 0.08% |
348,255
+285,364
| +454% | +$52M |
|
|
SCHW
222
Charles Schwab
SCHW
$194B
| $65.4K | 0.08% |
1,806,320
-1,388,397
| -43% | -$48.3M |
|
223
Colgate-Palmolive
CL
$72.6B
| $65K | 0.08% |
842,688
+146,428
| +21% | +$11.2M |
|
|
FTOCU
224
DELISTED
FTAC Olympus Acquisition Corp. Unit
FTOCU
| $65K | 0.08% |
+6,500,000
| New | +$65M |
|
|
XLNX
225
DELISTED
Xilinx Inc
XLNX
| $64.9K | 0.08% |
622,681
+370,286
| +147% | +$38M |
|
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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.