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 | |
|---|---|---|---|---|---|---|
51
PUT
Walmart Inc
WMT
$825B
| $160M | 0.22% |
4,001,700
-858,900
| -18% | -$35.3M |
|
52
Microsoft
MSFT
$3.59T
| $160M | 0.22% |
784,385
+115,666
| +17% | +$21M |
|
53
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $155M | 0.21% |
2,260,500
-465,900
| -17% | -$30.2M |
|
|
CXO
54
DELISTED
CONCHO RESOURCES INC.
CXO
| $155M | 0.21% |
3,011,308
+2,819,120
| +1,467% | +$156M |
|
55
L3Harris
LHX
$49.7B
| $154M | 0.21% |
909,238
+697,059
| +329% | +$131M |
|
56
SBA Communications
SBAC
$19.4B
| $153M | 0.21% |
514,147
+236,254
| +85% | +$69.7M |
|
57
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $150M | 0.2% |
3,740,000
+2,238,400
| +149% | +$83.8M |
|
58
Alibaba
BABA
$286B
| $149M | 0.2% |
689,771
+131,010
| +23% | +$27.3M |
|
59
PUT
Bristol-Myers Squibb
BMY
$137B
| $146M | 0.2% |
2,488,600
+718,100
| +41% | +$43M |
|
|
60
Walmart Inc
WMT
$825B
| $145M | 0.2% |
3,630,012
+2,972,943
| +452% | +$122M |
|
|
61
CALL
Meta Platforms (Facebook)
META
$1.4T
| $143M | 0.2% |
630,900
+370,700
| +142% | +$77.4M |
|
62
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $142M | 0.19% |
1,040,500
-131,100
| -11% | -$16.7M |
|
63
PG&E
PCG
$38.8B
| $138M | 0.19% |
15,563,803
+15,505,528
| +26,608% | +$169M |
|
64
Charter Communications
CHTR
$17.9B
| $138M | 0.19% |
269,606
+209,228
| +347% | +$106M |
|
|
65
PUT
JPMorgan Chase
JPM
$935B
| $134M | 0.18% |
1,428,400
-281,300
| -16% | -$26.7M |
|
66
Chevron
CVX
$403B
| $132M | 0.18% |
1,480,740
+176,573
| +14% | +$15.8M |
|
67
PUT
Johnson & Johnson
JNJ
$651B
| $132M | 0.18% |
935,200
-132,600
| -12% | -$19.3M |
|
68
Intercontinental Exchange
ICE
$90.5B
| $131M | 0.18% |
1,433,544
+440,941
| +44% | +$40.4M |
|
69
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $131M | 0.18% |
2,509,372
+936,850
| +60% | +$44.1M |
|
70
Danaher
DHR
$154B
| $131M | 0.18% |
832,763
-249,685
| -23% | -$35.8M |
|
71
Southwest Airlines
LUV
$19.8B
| $130M | 0.18% |
3,817,828
+3,652,313
| +2,207% | +$116M |
|
72
Advanced Micro Devices
AMD
$773B
| $126M | 0.17% |
2,395,502
+336,819
| +16% | +$17.9M |
|
73
Teladoc Health
TDOC
$1.16B
| $124M | 0.17% |
652,246
+500,799
| +331% | +$87.8M |
|
74
PUT
Mastercard
MA
$509B
| $124M | 0.17% |
418,800
+248,600
| +146% | +$70.1M |
|
|
75
Meta Platforms (Facebook)
META
$1.4T
| $124M | 0.17% |
544,590
-583,102
| -52% | -$122M |
|
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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.