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 | |
|---|---|---|---|---|---|---|
551
PUT
Booking.com
BKNG
$158B
| $27.4M | 0.04% |
430,000
-300,000
| -41% | -$18.3M |
|
552
Hubbell
HUBB
$24.8B
| $27.3M | 0.04% |
218,094
+206,102
| +1,719% | +$25.1M |
|
553
iShares MSCI Brazil ETF
EWZ
$8.04B
| $27.3M | 0.04% |
948,955
-492,624
| -34% | -$12.9M |
|
554
PUT
Autodesk
ADSK
$53.6B
| $27.2M | 0.04% |
113,600
+60,900
| +116% | +$12M |
|
|
ESPR
555
DELISTED
Esperion Therapeutics
ESPR
| $27.1M | 0.04% |
529,139
+443,974
| +521% | +$18.6M |
|
556
Markel Group
MKL
$22.2B
| $27.1M | 0.04% |
29,377
+25,654
| +689% | +$23.3M |
|
557
TG Therapeutics
TGTX
$8.31B
| $27M | 0.04% |
1,386,459
+301,818
| +28% | +$4.86M |
|
558
Uber
UBER
$161B
| $27M | 0.04% |
868,968
+483,252
| +125% | +$15.1M |
|
559
VeriSign
VRSN
$25.5B
| $26.9M | 0.04% |
130,093
+103,329
| +386% | +$21.4M |
|
560
Under Armour Class C
UA
$2.25B
| $26.9M | 0.04% |
3,041,656
+2,358,026
| +345% | +$20M |
|
|
OPTU
561
Optimum Communications Inc
OPTU
$323M
| $26.8M | 0.04% |
1,190,518
+387,239
| +48% | +$9.5M |
|
562
Biogen
BIIB
$32B
| $26.8M | 0.04% |
100,120
+27,785
| +38% | +$8.35M |
|
|
FVAC.U
563
DELISTED
Fortress Value Acquisition Corp. Units, each consisting of one share of Class A common stock and one
FVAC.U
| $26.8M | 0.04% |
+2,600,000
| New | +$26.2M |
|
564
PUT
Wells Fargo
WFC
$254B
| $26.6M | 0.04% |
1,040,300
-386,900
| -27% | -$10.6M |
|
565
CALL
Intuitive Surgical
ISRG
$134B
| $26.6M | 0.04% |
140,100
+94,800
| +209% | +$17M |
|
566
Reinsurance Group of America
RGA
$15.9B
| $26.6M | 0.04% |
339,110
+180,793
| +114% | +$16.7M |
|
567
MSCI
MSCI
$41B
| $26.4M | 0.04% |
+79,131
| New | +$25.6M |
|
|
XYZ
568
CALL
Block Inc
XYZ
$49.4B
| $26.4M | 0.04% |
+251,600
| New | +$19.3M |
|
569
Cintas
CTAS
$81.6B
| $26.4M | 0.04% |
396,280
-254,356
| -39% | -$14.7M |
|
570
Quanta Services
PWR
$96.1B
| $26.3M | 0.04% |
669,959
+86,622
| +15% | +$3.09M |
|
571
Guardant Health
GH
$22.9B
| $26.2M | 0.04% |
+323,270
| New | +$26M |
|
572
Murphy USA
MUSA
$10.5B
| $26.2M | 0.04% |
232,931
+126,333
| +119% | +$13.8M |
|
573
PUT
Illumina
ILMN
$33.1B
| $26.2M | 0.04% |
72,782
+46,362
| +175% | +$14.9M |
|
574
Nomad Foods
NOMD
$1.65B
| $26.1M | 0.04% |
1,218,678
-266,164
| -18% | -$5.55M |
|
575
Trex
TREX
$4.77B
| $26.1M | 0.04% |
+401,872
| New | +$21.4M |
|
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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.