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 | |
|---|---|---|---|---|---|---|
|
TMUSR
451
CALL
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
| $34.5M | 0.05% |
+330,797
| New | +$92.9K |
|
452
Black Hills Corp
BKH
$5.47B
| $34.3M | 0.05% |
604,715
+467,642
| +341% | +$28.3M |
|
453
Tesla
TSLA
$1.43T
| $34.3M | 0.05% |
475,830
-1,320,990
| -74% | -$71.5M |
|
|
RSX
454
PUT
DELISTED
VanEck Russia ETF
RSX
| $34.2M | 0.05% |
+1,650,000
| New | +$32.5M |
|
|
JHG
455
DELISTED
Janus Henderson
JHG
| $33.9M | 0.05% |
1,599,864
+1,316,918
| +465% | +$25.4M |
|
456
CONMED
CNMD
$1.53B
| $33.7M | 0.05% |
467,630
-76,400
| -14% | -$5.32M |
|
457
Wells Fargo
WFC
$254B
| $33.6M | 0.05% |
1,312,653
-890,325
| -40% | -$24.4M |
|
|
EV
458
DELISTED
Eaton Vance Corp.
EV
| $33.6M | 0.05% |
869,819
+803,145
| +1,205% | +$29.2M |
|
459
Armstrong World Industries
AWI
$7.55B
| $33.4M | 0.05% |
+428,680
| New | +$32.5M |
|
460
Ecolab
ECL
$78.9B
| $33.4M | 0.05% |
167,649
+58,685
| +54% | +$11.4M |
|
461
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $33.4M | 0.05% |
423,200
-1,508,900
| -78% | -$114M |
|
462
Baxter International
BAX
$13.6B
| $33.1M | 0.05% |
384,573
-1,112,826
| -74% | -$96.9M |
|
|
PDCE
463
DELISTED
PDC Energy, Inc.
PDCE
| $33.1M | 0.05% |
2,661,506
+2,058,875
| +342% | +$24.6M |
|
464
MacroGenics
MGNX
$261M
| $33M | 0.05% |
1,182,821
-446,198
| -27% | -$7.75M |
|
465
Vanguard Real Estate ETF
VNQ
$39.1B
| $32.9M | 0.05% |
418,869
+405,224
| +2,970% | +$30.7M |
|
|
JWS.U
466
DELISTED
Jaws Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one red
JWS.U
| $32.9M | 0.05% |
+3,150,000
| New | +$32.8M |
|
467
Tapestry
TPR
$26B
| $32.7M | 0.04% |
2,464,993
+2,432,682
| +7,529% | +$34.5M |
|
468
Edison International
EIX
$27.5B
| $32.6M | 0.04% |
600,960
+582,616
| +3,176% | +$33.5M |
|
469
Motorola Solutions
MSI
$79.5B
| $32.2M | 0.04% |
230,073
-49,744
| -18% | -$7.04M |
|
470
Coherent
COHR
$56.7B
| $32.2M | 0.04% |
+681,772
| New | +$27M |
|
|
LSXMA
471
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $32.2M | 0.04% |
1,269,177
+322,718
| +34% | +$7.89M |
|
472
CALL
Micron Technology
MU
$1.09T
| $32.1M | 0.04% |
622,300
+265,800
| +75% | +$12.5M |
|
473
SS&C Technologies
SSNC
$19.5B
| $32.1M | 0.04% |
567,646
-9,634
| -2% | -$525K |
|
474
Incyte
INCY
$25.9B
| $31.9M | 0.04% |
307,069
-149,546
| -33% | -$14.4M |
|
475
Okta
OKTA
$23.5B
| $31.9M | 0.04% |
159,321
+146,940
| +1,187% | +$24.9M |
|
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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.