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 | |
|---|---|---|---|---|---|---|
126
PUT
Micron Technology
MU
$1.09T
| $90.6M | 0.12% |
1,757,700
-662,600
| -27% | -$31.2M |
|
127
Target
TGT
$75.1B
| $90.4M | 0.12% |
753,486
-94,455
| -11% | -$10.8M |
|
128
PUT
Citigroup
C
$221B
| $90M | 0.12% |
1,761,400
+166,600
| +10% | +$7.9M |
|
129
TJX Companies
TJX
$155B
| $88.7M | 0.12% |
1,753,399
+988,018
| +129% | +$49.6M |
|
130
Quest Diagnostics
DGX
$27B
| $88.5M | 0.12% |
+776,719
| New | +$82.4M |
|
131
Phillips 66
PSX
$96.9B
| $87.7M | 0.12% |
1,220,215
+427,205
| +54% | +$30.2M |
|
132
Mondelez International
MDLZ
$82.3B
| $86.8M | 0.12% |
1,697,928
+214,037
| +14% | +$11M |
|
133
PUT
Cisco
CSCO
$438B
| $86.7M | 0.12% |
1,857,900
-139,400
| -7% | -$6.11M |
|
134
CALL
Bank of America
BAC
$431B
| $85.3M | 0.12% |
3,593,200
+2,558,800
| +247% | +$60.5M |
|
135
AbbVie
ABBV
$468B
| $85.3M | 0.12% |
869,170
+102,886
| +13% | +$9.06M |
|
136
FedEx
FDX
$76.9B
| $85.1M | 0.12% |
607,090
+408,539
| +206% | +$51.4M |
|
|
ETFC
137
DELISTED
E*Trade Financial Corporation
ETFC
| $85.1M | 0.12% |
1,710,852
+50,792
| +3% | +$2.19M |
|
138
DuPont de Nemours
DD
$18.7B
| $84.8M | 0.12% |
1,271,227
+950,797
| +297% | +$55.5M |
|
139
Advance Auto Parts
AAP
$2.57B
| $84M | 0.12% |
589,935
+545,062
| +1,215% | +$69.3M |
|
140
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $83.6M | 0.11% |
3,614,500
+1,512,500
| +72% | +$34.3M |
|
141
PUT
Goldman Sachs
GS
$303B
| $83.5M | 0.11% |
422,700
+25,100
| +6% | +$4.71M |
|
142
PUT
ServiceNow
NOW
$133B
| $82.4M | 0.11% |
1,017,000
+946,000
| +1,332% | +$66.8M |
|
143
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $81.6M | 0.11% |
1,000,000
-750,000
| -43% | -$60.4M |
|
|
144
CALL
NVIDIA
NVDA
$5.2T
| $81.5M | 0.11% |
8,584,000
-4,188,000
| -33% | -$33.9M |
|
145
Marathon Petroleum
MPC
$101B
| $81.5M | 0.11% |
2,180,235
+592,729
| +37% | +$19M |
|
146
PUT
PepsiCo
PEP
$196B
| $81.4M | 0.11% |
615,200
+95,100
| +18% | +$12.5M |
|
|
CTLT
147
DELISTED
CATALENT, INC.
CTLT
| $81.2M | 0.11% |
1,107,937
+722,983
| +188% | +$49.1M |
|
148
Qiagen
QGEN
$9.1B
| $80.6M | 0.11% |
1,775,716
+1,200,002
| +208% | +$53.7M |
|
149
Bio-Rad Laboratories Class A
BIO
$10.2B
| $80.4M | 0.11% |
178,092
+56,469
| +46% | +$24.9M |
|
150
DexCom
DXCM
$34.8B
| $80.1M | 0.11% |
790,604
+398,036
| +101% | +$35.6M |
|
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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.