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 | |
|---|---|---|---|---|---|---|
|
ZNGA
476
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $31.9M | 0.04% |
3,341,798
+1,633,247
| +96% | +$13.4M |
|
477
Westlake Corp
WLK
$10.1B
| $31.8M | 0.04% |
592,879
-64,986
| -10% | -$2.99M |
|
478
W.P. Carey
WPC
$16.2B
| $31.6M | 0.04% |
477,197
+412,647
| +639% | +$25.6M |
|
479
Watsco Inc
WSO
$12.9B
| $31.4M | 0.04% |
176,708
+173,555
| +5,504% | +$28.7M |
|
480
Fortinet
FTNT
$113B
| $31.4M | 0.04% |
+1,143,530
| New | +$28.7M |
|
|
GNMK
481
DELISTED
GenMark Diagnostics, Inc
GNMK
| $31.4M | 0.04% |
2,133,522
+1,267,140
| +146% | +$12.9M |
|
482
Arthur J. Gallagher & Co
AJG
$67.6B
| $31.4M | 0.04% |
321,909
-13,931
| -4% | -$1.23M |
|
483
PUT
Union Pacific
UNP
$183B
| $31.3M | 0.04% |
185,300
+11,100
| +6% | +$1.78M |
|
|
VMRK
484
Vivmark Residential
VMRK
$25B
| $31.3M | 0.04% |
532,247
+508,145
| +2,108% | +$31.5M |
|
485
BioCryst Pharmaceuticals
BCRX
$2.44B
| $31.3M | 0.04% |
6,565,541
+113,200
| +2% | +$452K |
|
486
MarketAxess Holdings
MKTX
$5.71B
| $31.1M | 0.04% |
62,128
-1,507
| -2% | -$702K |
|
487
Nike
NKE
$60.5B
| $31.1M | 0.04% |
316,902
-13,264
| -4% | -$1.22M |
|
488
Western Union
WU
$2.28B
| $31.1M | 0.04% |
1,437,200
+1,334,310
| +1,297% | +$27.1M |
|
489
CALL
Comcast
CMCSA
$95.3B
| $31M | 0.04% |
796,100
+624,400
| +364% | +$23.8M |
|
|
AMRN
490
Amarin Corp
AMRN
$298M
| $31M | 0.04% |
223,953
+100,840
| +82% | +$13.9M |
|
491
British American Tobacco
BTI
$121B
| $30.8M | 0.04% |
793,904
+767,120
| +2,864% | +$29.4M |
|
492
Canadian Natural Resources
CNQ
$106B
| $30.8M | 0.04% |
+3,603,001
| New | +$29.1M |
|
493
Ascendis Pharma A/S
ASND
$16.6B
| $30.7M | 0.04% |
207,618
-62,459
| -23% | -$8.58M |
|
494
Royal Gold
RGLD
$21.9B
| $30.5M | 0.04% |
245,586
+23,856
| +11% | +$2.88M |
|
495
Caesars Entertainment
CZR
$6.06B
| $30.5M | 0.04% |
761,608
+201,696
| +36% | +$5.59M |
|
496
CALL
Procter & Gamble
PG
$336B
| $30.5M | 0.04% |
254,900
+145,600
| +133% | +$17M |
|
497
PUT
iShares MSCI EAFE ETF
EFA
$80B
| $30.4M | 0.04% |
500,000
| – | – |
|
|
GAP
498
The Gap Inc
GAP
$7.13B
| $30.4M | 0.04% |
2,409,282
+2,352,777
| +4,164% | +$21.2M |
|
499
CALL
IBM
IBM
$222B
| $30.3M | 0.04% |
262,128
-49,894
| -16% | -$5.79M |
|
500
General Mills
GIS
$21.4B
| $30.2M | 0.04% |
+490,605
| New | +$29.6M |
|
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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.