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 | |
|---|---|---|---|---|---|---|
701
PUT
United Parcel Service
UPS
$87.4B
| $20.5M | 0.03% |
184,100
+178,700
| +3,309% | +$17.8M |
|
702
Graco
GGG
$13B
| $20.3M | 0.03% |
423,877
+353,086
| +499% | +$16.6M |
|
703
Synchrony
SYF
$26B
| $20.3M | 0.03% |
917,567
+614,589
| +203% | +$12M |
|
704
Globus Medical
GMED
$11.3B
| $20.3M | 0.03% |
425,276
+156,535
| +58% | +$7.55M |
|
705
NRG Energy
NRG
$23.5B
| $20.3M | 0.03% |
623,064
-137,593
| -18% | -$4.53M |
|
706
VF Corp
VFC
$5.63B
| $20.3M | 0.03% |
+332,588
| New | +$19.4M |
|
707
PUT
Seagate
STX
$180B
| $20.3M | 0.03% |
418,300
-32,900
| -7% | -$1.65M |
|
708
PUT
Colgate-Palmolive
CL
$73.8B
| $20.2M | 0.03% |
275,100
+48,400
| +21% | +$3.44M |
|
709
Steel Dynamics
STLD
$32.9B
| $20.1M | 0.03% |
771,990
-146,074
| -16% | -$3.65M |
|
710
Regency Centers
REG
$14B
| $20.1M | 0.03% |
438,135
+258,390
| +144% | +$10.9M |
|
711
Becton Dickinson
BDX
$52B
| $20.1M | 0.03% |
+86,108
| New | +$20.8M |
|
712
Verisk Analytics
VRSK
$24.7B
| $20.1M | 0.03% |
118,103
+107,836
| +1,050% | +$17M |
|
713
CALL
Chipotle Mexican Grill
CMG
$48.1B
| $20.1M | 0.03% |
955,000
+360,000
| +61% | +$6.67M |
|
|
JWN
714
DELISTED
Nordstrom
JWN
| $20M | 0.03% |
1,293,277
+1,148,730
| +795% | +$20.2M |
|
|
XLNX
715
PUT
DELISTED
Xilinx Inc
XLNX
| $20M | 0.03% |
203,500
+146,200
| +255% | +$13M |
|
716
Sarepta Therapeutics
SRPT
$1.92B
| $20M | 0.03% |
124,766
-24,978
| -17% | -$3.4M |
|
717
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $20M | 0.03% |
241,754
+236,564
| +4,558% | +$19.2M |
|
718
XPO
XPO
$22.5B
| $20M | 0.03% |
747,506
-24,542
| -3% | -$588K |
|
719
Popular Inc
BPOP
$10.7B
| $19.9M | 0.03% |
535,472
+501,345
| +1,469% | +$18.7M |
|
720
Darling Ingredients
DAR
$9.83B
| $19.8M | 0.03% |
806,016
+625,955
| +348% | +$13.6M |
|
721
Worthington Enterprises
WOR
$2.78B
| $19.8M | 0.03% |
860,474
+828,511
| +2,592% | +$14.8M |
|
722
MetLife
MET
$61.1B
| $19.8M | 0.03% |
540,852
+109,186
| +25% | +$3.8M |
|
723
PUT
Target
TGT
$77.2B
| $19.7M | 0.03% |
164,600
+15,100
| +10% | +$1.72M |
|
724
Hilton Worldwide
HLT
$74.3B
| $19.7M | 0.03% |
+267,900
| New | +$19.9M |
|
725
ExxonMobil
XOM
$675B
| $19.6M | 0.03% |
439,369
+326,015
| +288% | +$14.6M |
|
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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.