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 | |
|---|---|---|---|---|---|---|
26
Amazon
AMZN
$2.83T
| $239M | 0.33% |
1,731,680
+333,280
| +24% | +$40.3M |
|
27
Dollar General
DG
$27.4B
| $234M | 0.32% |
1,229,489
+550,970
| +81% | +$99.7M |
|
28
Procter & Gamble
PG
$339B
| $234M | 0.32% |
1,954,784
+193,832
| +11% | +$22.6M |
|
29
CALL
Alphabet (Google) Class A
GOOGL
$4.29T
| $230M | 0.32% |
3,246,000
-1,070,000
| -25% | -$72.1M |
|
30
eBay
EBAY
$47.4B
| $230M | 0.31% |
4,377,849
+2,435,526
| +125% | +$103M |
|
31
Apple
AAPL
$4.55T
| $229M | 0.31% |
2,515,828
-10,536
| -0.4% | -$816K |
|
32
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $229M | 0.31% |
5,731,400
+2,448,200
| +75% | +$91.6M |
|
|
33
PUT
Intel
INTC
$461B
| $212M | 0.29% |
3,536,600
+1,657,200
| +88% | +$99.1M |
|
34
Mastercard
MA
$522B
| $201M | 0.27% |
678,142
+431,135
| +175% | +$122M |
|
35
Home Depot
HD
$336B
| $200M | 0.27% |
796,910
+728,988
| +1,073% | +$167M |
|
|
PPLI
36
People Inc
PPLI
$2.88B
| $193M | 0.26% |
3,332,132
+547,605
| +20% | +$24.3M |
|
37
PUT
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
| $193M | 0.26% |
8,320,200
-393,300
| -5% | -$8.93M |
|
38
Willis Towers Watson
WTW
$32.4B
| $190M | 0.26% |
966,506
+533,460
| +123% | +$102M |
|
|
FISV
39
Fiserv Inc
FISV
$28.3B
| $189M | 0.26% |
1,935,498
+1,824,499
| +1,644% | +$184M |
|
40
Yum! Brands
YUM
$43B
| $189M | 0.26% |
2,173,683
+1,468,986
| +208% | +$125M |
|
|
TECD
41
DELISTED
Tech Data Corp
TECD
| $186M | 0.26% |
1,286,337
+1,255,475
| +4,068% | +$174M |
|
42
Honeywell
HON
$68B
| $183M | 0.25% |
1,342,002
+992,204
| +284% | +$131M |
|
43
AT&T
T
$176B
| $180M | 0.25% |
7,899,048
+3,747,319
| +90% | +$85.3M |
|
|
44
PUT
Home Depot
HD
$336B
| $179M | 0.25% |
714,300
+353,800
| +98% | +$81M |
|
45
Bristol-Myers Squibb
BMY
$137B
| $174M | 0.24% |
2,950,845
+1,795,182
| +155% | +$107M |
|
46
Blackstone
BX
$108B
| $173M | 0.24% |
3,046,539
+3,030,489
| +18,882% | +$160M |
|
47
Global Payments
GPN
$25.2B
| $171M | 0.23% |
+1,008,446
| New | +$168M |
|
48
Newmont
NEM
$136B
| $171M | 0.23% |
+2,769,591
| New | +$164M |
|
49
PUT
Salesforce
CRM
$172B
| $169M | 0.23% |
903,500
+194,300
| +27% | +$32.7M |
|
50
PUT
Visa
V
$712B
| $164M | 0.22% |
848,800
+78,100
| +10% | +$14.3M |
|
Similar funds
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.