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 | |
|---|---|---|---|---|---|---|
1226
Agilent Technologies
A
$43.7B
| $9.4M | 0.01% |
106,398
-72,146
| -40% | -$5.91M |
|
1227
Opendoor
OPEN
$3.5B
| $9.4M | 0.01% |
+826,665
| New | +$9.07M |
|
1228
CALL
Regeneron Pharmaceuticals
REGN
$85.8B
| $9.36M | 0.01% |
+15,000
| New | +$8.51M |
|
1229
PUT
Arista Networks
ANET
$241B
| $9.35M | 0.01% |
712,000
+396,800
| +126% | +$5.37M |
|
1230
Winnebago Industries
WGO
$901M
| $9.34M | 0.01% |
140,203
-254,406
| -64% | -$13M |
|
|
DISH
1231
CALL
DELISTED
DISH Network Corp.
DISH
| $9.32M | 0.01% |
+270,000
| New | +$7.51M |
|
1232
New Oriental
EDU
$9.08B
| $9.3M | 0.01% |
71,388
-234,888
| -77% | -$28.6M |
|
1233
State Street Financial Select Sector SPDR ETF
XLF
$56.9B
| $9.29M | 0.01% |
401,612
+380,312
| +1,786% | +$8.64M |
|
|
CIT
1234
DELISTED
CIT Group Inc.
CIT
| $9.27M | 0.01% |
447,288
+22,863
| +5% | +$442K |
|
|
CIICU
1235
DELISTED
CIIG Merger Corp. Units
CIICU
| $9.26M | 0.01% |
903,785
-30,950
| -3% | -$311K |
|
1236
Axogen
AXGN
$2.68B
| $9.23M | 0.01% |
998,732
+715,651
| +253% | +$6.41M |
|
1237
Glaukos
GKOS
$10.7B
| $9.23M | 0.01% |
240,123
+191,243
| +391% | +$7.12M |
|
1238
Logitech
LOGI
$14.1B
| $9.21M | 0.01% |
+141,186
| New | +$7.52M |
|
1239
CALL
US Bancorp
USB
$97.2B
| $9.21M | 0.01% |
250,000
-19,800
| -7% | -$706K |
|
1240
Banco Macro
BMA
$4.97B
| $9.2M | 0.01% |
+495,923
| New | +$9.18M |
|
|
AGEN
1241
Agenus
AGEN
$376M
| $9.19M | 0.01% |
+119,180
| New | +$7.14M |
|
|
ATRI
1242
DELISTED
Atrion Corp
ATRI
| $9.17M | 0.01% |
14,392
+8,155
| +131% | +$5.33M |
|
1243
CALL
Norfolk Southern
NSC
$78.9B
| $9.16M | 0.01% |
52,200
-500
| -0.9% | -$84.7K |
|
1244
Constellium
CSTM
$3.67B
| $9.14M | 0.01% |
1,190,542
+1,154,603
| +3,213% | +$8.39M |
|
1245
PUT
CVS Health
CVS
$119B
| $9.14M | 0.01% |
140,700
-136,500
| -49% | -$8.6M |
|
1246
CALL
Altria Group
MO
$114B
| $9.14M | 0.01% |
232,900
-111,900
| -32% | -$4.37M |
|
1247
Vornado Realty Trust
VNO
$7.46B
| $9.12M | 0.01% |
+238,555
| New | +$9.26M |
|
1248
Liquidia Corp
LQDA
$6.31B
| $9.11M | 0.01% |
1,081,736
+544,534
| +101% | +$4.13M |
|
1249
Leidos
LDOS
$16.9B
| $9.11M | 0.01% |
+97,205
| New | +$9.57M |
|
|
BECN
1250
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $9.09M | 0.01% |
344,737
+251,722
| +271% | +$5.62M |
|
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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.