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 |
Lowe's Companies
LOW
|
+$217M |
| 2 |
JPMorgan Chase
JPM
|
+$213M |
| 3 |
Intel
INTC
|
+$200M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$184M |
| 5 |
TECD
Tech Data Corp
TECD
|
+$174M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$685M |
| 2 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$127M |
| 3 |
Meta Platforms (Facebook)
META
|
+$122M |
| 4 |
Merck
MRK
|
+$110M |
| 5 |
NVIDIA
NVDA
|
+$108M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 9.01% |
| 2 | Technology | 7.75% |
| 3 | Financials | 7.01% |
| 4 | Consumer Discretionary | 6.9% |
| 5 | Industrials | 6.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3151
PUT
Agnico Eagle Mines
AEM
$113B
| $698K | ﹤0.01% |
10,900
| – | – |
|
3152
Alpha and Omega Semiconductor
AOSL
$805M
| $698K | ﹤0.01% |
+64,116
| New | +$657K |
|
|
VVNT
3153
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $698K | ﹤0.01% |
40,299
-208,239
| -84% | -$2.61M |
|
3154
ADC Therapeutics
ADCT
$133M
| $697K | ﹤0.01% |
+14,887
| New | +$565K |
|
3155
Union Bankshares
UNB
$118M
| $695K | ﹤0.01% |
+37,124
| New | +$776K |
|
3156
Elastic
ESTC
$8.36B
| $694K | ﹤0.01% |
+7,531
| New | +$550K |
|
3157
CALL
Freeport-McMoran
FCX
$115B
| $694K | ﹤0.01% |
60,000
+48,000
| +400% | +$440K |
|
3158
Costamare
CMRE
$1.91B
| $692K | ﹤0.01% |
+124,547
| New | +$607K |
|
3159
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $691K | ﹤0.01% |
17,450
-62,724
| -78% | -$2.32M |
|
3160
PUT
HCA Healthcare
HCA
$92.8B
| $689K | ﹤0.01% |
7,100
-40,400
| -85% | -$4.2M |
|
3161
Photronics
PLAB
$1.73B
| $689K | ﹤0.01% |
61,926
-242,836
| -80% | -$2.79M |
|
|
NSLR
3162
Neostellar Capital Corp
NSLR
$272M
| $688K | ﹤0.01% |
96,700
-94,069
| -49% | -$529K |
|
3163
Piper Sandler
PIPR
$5.28B
| $687K | ﹤0.01% |
46,476
-42,076
| -48% | -$593K |
|
3164
Home BancShares
HOMB
$5.98B
| $685K | ﹤0.01% |
44,562
+19,940
| +81% | +$280K |
|
|
SAVE
3165
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
| $685K | ﹤0.01% |
38,500
-31,000
| -45% | -$442K |
|
3166
ReposiTrak
TRAK
$147M
| $684K | ﹤0.01% |
161,671
+124,135
| +331% | +$599K |
|
|
WMC
3167
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $684K | ﹤0.01% |
24,954
+20,402
| +448% | +$522K |
|
|
COOP
3168
DELISTED
Mr. Cooper
COOP
| $680K | ﹤0.01% |
+54,693
| New | +$548K |
|
3169
Oportun Financial
OPRT
$345M
| $680K | ﹤0.01% |
50,629
+38,051
| +303% | +$354K |
|
|
ABMD
3170
DELISTED
Abiomed Inc
ABMD
| $680K | ﹤0.01% |
2,816
+562
| +25% | +$113K |
|
3171
Sierra Bancorp
BSRR
$512M
| $676K | ﹤0.01% |
+35,816
| New | +$646K |
|
|
WIRE
3172
DELISTED
Encore Wire Corp
WIRE
| $676K | ﹤0.01% |
13,856
-93,504
| -87% | -$4.29M |
|
|
UCB
3173
United Community Banks
UCB
$4.23B
| $674K | ﹤0.01% |
+33,500
| New | +$642K |
|
3174
Acushnet Holdings
GOLF
$5.04B
| $670K | ﹤0.01% |
+19,245
| New | +$571K |
|
3175
KB Home
KBH
$3.5B
| $670K | ﹤0.01% |
21,840
-1,037,677
| -98% | -$28.6M |
|
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Israel Englander's Q2 2020 Portfolio in Review
As of Q2 2020, Israel Englander held 4,914 positions worth $73B, up 64% from $44.5B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Israel Englander deployed $17.6B of net new capital in Q2 2020, opening 1,140 new positions and adding to 1,565 existing holdings. Its largest new stake was Global Payments: 1,008,446 shares worth $171M.
By sector, the portfolio is most concentrated in Healthcare at 9% of assets, down from 12% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, an estimated $127M trimmed.
- Israel Englander's largest Q2 2020 buy was Global Payments: 1,008,446 shares worth $171M.
- Israel Englander added most to Lowe's Companies in Q2 2020, an estimated $217M increase.
- Israel Englander's biggest Q2 2020 reduction was iShares 1-5 Year Investment Grade Corporate Bond ETF, cutting an estimated $127M.
- Israel Englander fully exited Allergan plc in Q2 2020, selling an estimated $685M.
- Israel Englander's ten largest holdings make up 20% of its $73B portfolio in Q2 2020.
- Israel Englander opened 1,140 new positions and closed 798 in Q2 2020.
- Israel Englander's portfolio value rose 64% quarter-over-quarter to $73B.
Based on Millennium Management's 13F filing for Q2 2020, filed 14 Aug 2020.