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 | |
|---|---|---|---|---|---|---|
76
Entergy
ETR
$48.8B
| $123M | 0.17% |
2,629,722
+1,349,516
| +105% | +$65.5M |
|
77
Johnson & Johnson
JNJ
$651B
| $123M | 0.17% |
874,154
+512,211
| +142% | +$74.6M |
|
78
Bank of America
BAC
$431B
| $123M | 0.17% |
5,159,998
+695,370
| +16% | +$16.4M |
|
79
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $122M | 0.17% |
397,036
+281,931
| +245% | +$82.5M |
|
80
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $122M | 0.17% |
4,325,800
+2,369,600
| +121% | +$68.3M |
|
81
Salesforce
CRM
$171B
| $120M | 0.16% |
641,418
+157,319
| +32% | +$26.5M |
|
82
S&P Global
SPGI
$127B
| $119M | 0.16% |
360,086
+75,911
| +27% | +$22.8M |
|
83
PUT
Walt Disney
DIS
$186B
| $118M | 0.16% |
1,057,900
+364,400
| +53% | +$40.2M |
|
84
iShares Russell 2000 ETF
IWM
$81.9B
| $117M | 0.16% |
819,749
+817,693
| +39,771% | +$107M |
|
85
Fidelity National Information Services
FIS
$21.3B
| $117M | 0.16% |
871,956
+99,736
| +13% | +$13.1M |
|
86
PUT
Adobe
ADBE
$109B
| $117M | 0.16% |
267,700
-154,600
| -37% | -$57.3M |
|
87
PUT
Charter Communications
CHTR
$17.9B
| $116M | 0.16% |
228,000
+4,300
| +2% | +$2.18M |
|
88
Union Pacific
UNP
$183B
| $115M | 0.16% |
680,821
+212,148
| +45% | +$34M |
|
89
McDonald's
MCD
$192B
| $115M | 0.16% |
621,313
+499,326
| +409% | +$91.6M |
|
90
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $110M | 0.15% |
618,900
+23,900
| +4% | +$4.36M |
|
91
PUT
Morgan Stanley
MS
$336B
| $109M | 0.15% |
2,258,800
+728,600
| +48% | +$30.6M |
|
|
ATVI
92
DELISTED
Activision Blizzard
ATVI
| $109M | 0.15% |
1,433,610
+158,152
| +12% | +$11M |
|
|
SCHW
93
Charles Schwab
SCHW
$194B
| $108M | 0.15% |
3,194,717
+2,706,695
| +555% | +$97M |
|
94
CALL
Goldman Sachs
GS
$303B
| $107M | 0.15% |
542,300
+380,400
| +235% | +$71.4M |
|
95
Coca-Cola
KO
$392B
| $107M | 0.15% |
2,385,247
+2,332,115
| +4,389% | +$107M |
|
96
CME Group
CME
$98.9B
| $106M | 0.15% |
652,633
+143,362
| +28% | +$25.7M |
|
97
Labcorp
LH
$27.3B
| $106M | 0.14% |
740,865
+734,366
| +11,300% | +$102M |
|
98
Northrop Grumman
NOC
$78.3B
| $105M | 0.14% |
342,262
+328,925
| +2,466% | +$108M |
|
99
CALL
Bristol-Myers Squibb
BMY
$137B
| $105M | 0.14% |
1,914,800
+1,305,200
| +214% | +$78.1M |
|
|
100
PUT
Merck
MRK
$376B
| $103M | 0.14% |
1,400,757
-322,365
| -19% | -$24.3M |
|
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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.