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 | |
|---|---|---|---|---|---|---|
101
Broadcom
AVGO
$1.75T
| $103M | 0.14% |
3,258,990
+1,893,700
| +139% | +$53M |
|
102
CALL
Netflix
NFLX
$331B
| $103M | 0.14% |
2,260,000
-1,456,000
| -39% | -$62M |
|
103
Evergy
EVRG
$18.7B
| $102M | 0.14% |
1,728,218
+970,563
| +128% | +$57.5M |
|
104
Elevance Health
ELV
$86.9B
| $101M | 0.14% |
385,765
+67,201
| +21% | +$17.9M |
|
105
Pfizer
PFE
$160B
| $98.7M | 0.14% |
3,182,675
-239,279
| -7% | -$8.13M |
|
106
Dollar Tree
DLTR
$25.3B
| $98.5M | 0.14% |
1,063,002
+595,441
| +127% | +$49.7M |
|
107
Zimmer Biomet
ZBH
$19.3B
| $97.9M | 0.13% |
844,869
+838,269
| +12,701% | +$96.6M |
|
108
Berkshire Hathaway Class B
BRK.B
$1.06T
| $96.9M | 0.13% |
542,595
+203,796
| +60% | +$37.2M |
|
109
Republic Services
RSG
$67.6B
| $96.7M | 0.13% |
1,178,934
+958,143
| +434% | +$77.3M |
|
110
Chegg
CHGG
$90.8M
| $96.7M | 0.13% |
+1,437,980
| New | +$76.8M |
|
|
TIF
111
DELISTED
Tiffany & Co.
TIF
| $96.5M | 0.13% |
791,784
-413,601
| -34% | -$51.8M |
|
112
Alphabet (Google) Class C
GOOG
$4.18T
| $96.5M | 0.13% |
1,365,940
+1,352,640
| +10,170% | +$91.3M |
|
113
PepsiCo
PEP
$196B
| $95.2M | 0.13% |
719,676
+26,772
| +4% | +$3.53M |
|
114
KBR
KBR
$4.86B
| $95.1M | 0.13% |
4,219,261
+1,481,549
| +54% | +$32.2M |
|
115
Campbell Soup
CPB
$7.14B
| $94.6M | 0.13% |
1,905,193
+1,478,116
| +346% | +$73.4M |
|
|
XYZ
116
PUT
Block Inc
XYZ
$49.4B
| $93.7M | 0.13% |
893,000
+306,000
| +52% | +$23.4M |
|
117
Citigroup
C
$221B
| $93.7M | 0.13% |
1,833,461
-9,116
| -0.5% | -$433K |
|
118
PUT
Costco
COST
$420B
| $93.2M | 0.13% |
307,400
-97,800
| -24% | -$29.8M |
|
119
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $92.9M | 0.13% |
1,584,000
-802,300
| -34% | -$46.8M |
|
120
Linde
LIN
$225B
| $92.5M | 0.13% |
435,942
+226,916
| +109% | +$43.8M |
|
|
BBL
121
DELISTED
BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares)
BBL
| $92.3M | 0.13% |
2,243,275
-177,882
| -7% | -$6.47M |
|
|
MINI
122
DELISTED
Mobile Mini Inc
MINI
| $92.3M | 0.13% |
3,128,586
+3,115,955
| +24,669% | +$92.9M |
|
123
Lockheed Martin
LMT
$130B
| $91.9M | 0.13% |
251,811
+190,129
| +308% | +$71.8M |
|
124
Canadian Pacific Kansas City
CP
$85B
| $91.9M | 0.13% |
1,798,730
+1,573,385
| +698% | +$74.6M |
|
125
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $91.2M | 0.12% |
3,170,300
+1,074,900
| +51% | +$28.2M |
|
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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.