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 | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$486B
| $2.17M | 2.68% |
7,820,100
+2,291,400
| +41% | +$621M |
|
2
PUT
Apple
AAPL
$4.51T
| $1.82M | 2.24% |
15,691,200
+4,027,200
| +35% | +$439M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $1.73M | 2.13% |
11,537,500
-1,221,200
| -10% | -$184M |
|
4
PUT
Amazon
AMZN
$2.79T
| $1.59M | 1.96% |
10,114,000
+1,356,000
| +15% | +$214M |
|
|
5
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.41M | 1.74% |
9,443,200
-150,600
| -2% | -$22.7M |
|
|
6
PUT
Microsoft
MSFT
$3.59T
| $1.3M | 1.6% |
6,183,400
+2,597,900
| +72% | +$546M |
|
|
7
CALL
Invesco QQQ Trust
QQQ
$486B
| $1.18M | 1.45% |
4,234,000
+1,598,600
| +61% | +$434M |
|
8
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.16M | 1.43% |
3,475,000
-8,199,600
| -70% | -$2.72B |
|
|
9
CALL
Apple
AAPL
$4.51T
| $1.12M | 1.38% |
9,686,300
+5,485,900
| +131% | +$599M |
|
10
PUT
Tesla
TSLA
$1.43T
| $887K | 1.09% |
6,204,300
+1,252,800
| +25% | +$148M |
|
|
11
PUT
Meta Platforms (Facebook)
META
$1.4T
| $741K | 0.91% |
2,828,700
+584,300
| +26% | +$151M |
|
12
PUT
Alibaba
BABA
$286B
| $729K | 0.9% |
2,480,300
+622,800
| +34% | +$164M |
|
|
13
CALL
Amazon
AMZN
$2.79T
| $658K | 0.81% |
4,182,000
+1,742,000
| +71% | +$275M |
|
|
14
CALL
Microsoft
MSFT
$3.59T
| $644K | 0.79% |
3,060,800
+1,416,500
| +86% | +$298M |
|
15
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $618K | 0.76% |
10,592,000
+4,342,000
| +69% | +$245M |
|
|
16
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $611K | 0.75% |
1,823,500
-5,807,700
| -76% | -$1.92B |
|
17
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $487K | 0.6% |
6,646,000
+196,000
| +3% | +$14.9M |
|
18
PUT
Netflix
NFLX
$331B
| $442K | 0.54% |
8,836,000
+1,263,000
| +17% | +$62.9M |
|
19
PUT
NVIDIA
NVDA
$5.2T
| $438K | 0.54% |
32,384,000
-3,280,000
| -9% | -$38.2M |
|
|
20
Amazon
AMZN
$2.79T
| $423K | 0.52% |
2,687,560
+955,880
| +55% | +$151M |
|
21
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $422K | 0.52% |
9,567,900
+3,836,500
| +67% | +$168M |
|
|
22
CALL
Meta Platforms (Facebook)
META
$1.4T
| $386K | 0.48% |
1,474,400
+843,500
| +134% | +$218M |
|
23
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $355K | 0.44% |
3,364,100
+2,838,600
| +540% | +$299M |
|
|
24
Microsoft
MSFT
$3.59T
| $331K | 0.41% |
1,574,770
+790,385
| +101% | +$166M |
|
25
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $323K | 0.4% |
4,199,700
+1,939,200
| +86% | +$145M |
|
Similar funds
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.