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 | |
|---|---|---|---|---|---|---|
151
PUT
Broadcom
AVGO
$1.75T
| $79.8M | 0.11% |
2,530,000
-400,000
| -14% | -$11.2M |
|
152
Estee Lauder
EL
$36.9B
| $78.8M | 0.11% |
+417,869
| New | +$74.7M |
|
153
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $78.7M | 0.11% |
585,371
+444,948
| +317% | +$57.9M |
|
|
TVIX
154
DELISTED
VelocityShares Daily 2x VIX Short Term ETN
TVIX
| $77.9M | 0.11% |
615,420
-50,284
| -8% | -$9.44M |
|
155
American Tower
AMT
$81.9B
| $77.3M | 0.11% |
299,060
-123,992
| -29% | -$30.7M |
|
156
Centene
CNC
$32.1B
| $77M | 0.11% |
1,212,147
+748,213
| +161% | +$48.7M |
|
|
RDS.B
157
DELISTED
Royal Dutch Shell PLC ADS Class B
RDS.B
| $76.9M | 0.11% |
2,526,414
-42,964
| -2% | -$1.4M |
|
158
WEC Energy
WEC
$34.5B
| $76.7M | 0.11% |
874,575
+518,480
| +146% | +$46.8M |
|
159
Humana
HUM
$45.5B
| $76M | 0.1% |
196,109
+35,823
| +22% | +$13.4M |
|
|
SYNH
160
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $75.9M | 0.1% |
1,303,823
+1,002,294
| +332% | +$53.9M |
|
161
Novartis
NVS
$302B
| $75.8M | 0.1% |
868,102
+127,132
| +17% | +$11M |
|
162
PUT
Qualcomm
QCOM
$169B
| $75.7M | 0.1% |
830,400
+735,600
| +776% | +$59M |
|
163
Tandem Diabetes Care
TNDM
$1.55B
| $75.4M | 0.1% |
+761,834
| New | +$60.8M |
|
164
CALL
Home Depot
HD
$335B
| $75.2M | 0.1% |
300,300
+149,900
| +100% | +$34.3M |
|
|
165
CALL
Broadcom
AVGO
$1.75T
| $74.8M | 0.1% |
2,369,000
+661,000
| +39% | +$18.5M |
|
166
PUT
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $74.6M | 0.1% |
2,647,400
-1,093,400
| -29% | -$28.8M |
|
167
Sherwin-Williams
SHW
$84.1B
| $74M | 0.1% |
384,150
+343,038
| +834% | +$61.9M |
|
168
McKesson
MCK
$100B
| $73.9M | 0.1% |
481,836
-463,921
| -49% | -$67M |
|
169
PUT
AT&T
T
$173B
| $73.8M | 0.1% |
3,232,149
-330,867
| -9% | -$7.54M |
|
170
Prologis
PLD
$135B
| $73.6M | 0.1% |
788,648
+251,816
| +47% | +$22.5M |
|
171
Aflac
AFL
$58.2B
| $71.9M | 0.1% |
1,994,575
+1,113,960
| +126% | +$40.2M |
|
172
CALL
Alibaba
BABA
$286B
| $71.8M | 0.1% |
332,900
+192,900
| +138% | +$40.2M |
|
173
CALL
UnitedHealth
UNH
$350B
| $71.7M | 0.1% |
243,200
+239,200
| +5,980% | +$68.5M |
|
174
Ametek
AME
$54.9B
| $71.6M | 0.1% |
801,532
+560,523
| +233% | +$47M |
|
175
Generac Holdings
GNRC
$12.2B
| $71.5M | 0.1% |
586,394
+566,965
| +2,918% | +$59.7M |
|
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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.