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 | |
|---|---|---|---|---|---|---|
1051
WesBanco
WSBC
$3.88B
| $12.1M | 0.02% |
597,491
+495,551
| +486% | +$10.8M |
|
1052
Roku
ROKU
$23.6B
| $12.1M | 0.02% |
104,060
+78,631
| +309% | +$8.99M |
|
1053
CALL
Baxter International
BAX
$13.6B
| $12.1M | 0.02% |
+140,600
| New | +$12.2M |
|
1054
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.68B
| $12.1M | 0.02% |
119,643
+103,282
| +631% | +$10.3M |
|
1055
CALL
Intuit
INTU
$98.1B
| $12.1M | 0.02% |
+40,800
| New | +$11.2M |
|
|
WORK
1056
DELISTED
Slack Technologies, Inc.
WORK
| $12.1M | 0.02% |
388,403
-497,398
| -56% | -$15M |
|
|
RP
1057
DELISTED
RealPage, Inc.
RP
| $12.1M | 0.02% |
185,549
-79,778
| -30% | -$5.03M |
|
1058
CALL
Viatris
VTRS
$19.1B
| $12.1M | 0.02% |
750,000
| – | – |
|
|
BREW
1059
DELISTED
Craft Brew Alliance, Inc.
BREW
| $12.1M | 0.02% |
783,199
+711,024
| +985% | +$10.8M |
|
1060
Weibo
WB
$1.74B
| $12M | 0.02% |
357,795
+282,021
| +372% | +$9.68M |
|
1061
Lithia Motors
LAD
$8.18B
| $12M | 0.02% |
79,423
+5,087
| +7% | +$582K |
|
|
FRC
1062
DELISTED
First Republic Bank
FRC
| $12M | 0.02% |
113,310
+69,065
| +156% | +$7.09M |
|
1063
Chemed
CHE
$7.09B
| $12M | 0.02% |
26,623
-71
| -0.3% | -$31.7K |
|
|
CHCT
1064
Community Healthcare Trust
CHCT
$426M
| $12M | 0.02% |
293,542
-25,967
| -8% | -$971K |
|
1065
Legend Biotech
LEGN
$4.19B
| $12M | 0.02% |
+281,246
| New | +$11M |
|
1066
Starwood Property Trust
STWD
$6.01B
| $12M | 0.02% |
800,142
+168,978
| +27% | +$2.28M |
|
|
NATI
1067
DELISTED
National Instruments Corp
NATI
| $12M | 0.02% |
308,965
-24,488
| -7% | -$926K |
|
1068
CALL
Zimmer Biomet
ZBH
$19.1B
| $11.9M | 0.02% |
103,000
+17,510
| +20% | +$2.02M |
|
1069
US Bancorp
USB
$97.1B
| $11.9M | 0.02% |
324,068
-615,484
| -66% | -$21.9M |
|
|
KLR.WS
1070
CALL
DELISTED
Kaleyra, Inc. Warrants, each whole Warrant exercisable for one share of Common Stock at an exercise price of $40.25 per share
KLR.WS
| $11.9M | 0.02% |
2,944,890
+969,690
| +49% | +$822K |
|
1071
argenx
ARGX
$64B
| $11.9M | 0.02% |
52,817
+15,984
| +43% | +$2.84M |
|
1072
Aecom
ACM
$7.99B
| $11.8M | 0.02% |
315,130
+101,540
| +48% | +$3.64M |
|
1073
Silgan Holdings
SLGN
$4.49B
| $11.8M | 0.02% |
+365,608
| New | +$11.9M |
|
|
BLUE
1074
DELISTED
bluebird bio
BLUE
| $11.8M | 0.02% |
14,963
-21,271
| -59% | -$16M |
|
1075
PUT
State Street SPDR S&P Retail ETF
XRT
$324M
| $11.8M | 0.02% |
275,400
-562,100
| -67% | -$21.3M |
|
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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.