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 | Miscellaneous | 46.75% |
| 2 | Healthcare | 9.01% |
| 3 | Technology | 7.75% |
| 4 | Financials | 7.01% |
| 5 | Consumer Discretionary | 6.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1726
Helix Energy Solutions
HLX
$1.49B
| $5.02M | 0.01% |
1,446,587
+716,753
| +98% | +$1.94M |
|
|
SINA
1727
DELISTED
Sina Corp
SINA
| $5.01M | 0.01% |
139,597
+52,316
| +60% | +$1.76M |
|
|
FREEW
1728
CALL
DELISTED
Whole Earth Brands, Inc. Warrant
FREEW
| $5.01M | 0.01% |
+1,241,700
| New | +$1.59M |
|
1729
AudioCodes
AUDC
$247M
| $5.01M | 0.01% |
157,512
-34,866
| -18% | -$1.07M |
|
|
ELP
1730
DELISTED
Companhia Paranaense de Energia (COPEL)
ELP
| $4.99M | 0.01% |
+1,097,238
| New | +$4.86M |
|
1731
CALL
Linde
LIN
$224B
| $4.99M | 0.01% |
+23,500
| New | +$4.54M |
|
1732
First Commonwealth Financial
FCF
$2.1B
| $4.97M | 0.01% |
600,370
+235,471
| +65% | +$1.99M |
|
|
KSU
1733
PUT
DELISTED
Kansas City Southern
KSU
| $4.97M | 0.01% |
33,300
-53,100
| -61% | -$7.47M |
|
1734
Boise Cascade
BCC
$2.75B
| $4.97M | 0.01% |
132,115
+119,552
| +952% | +$3.75M |
|
1735
nLIGHT
LASR
$2.6B
| $4.97M | 0.01% |
+223,107
| New | +$4.23M |
|
1736
Sturm, Ruger & Co
RGR
$603M
| $4.94M | 0.01% |
65,057
+58,695
| +923% | +$3.57M |
|
1737
Cartesian Therapeutics
RNAC
$302M
| $4.94M | 0.01% |
57,974
-27,861
| -32% | -$2.53M |
|
|
WCN
1738
Waste Connections
WCN
$41.7B
| $4.93M | 0.01% |
52,584
-162,021
| -75% | -$14.4M |
|
1739
Kforce
KFRC
$1.04B
| $4.92M | 0.01% |
168,376
+73,101
| +77% | +$2.13M |
|
1740
Fresenius Medical Care
FMS
$12.4B
| $4.92M | 0.01% |
113,584
-89,671
| -44% | -$3.54M |
|
1741
Vertiv
VRT
$104B
| $4.91M | 0.01% |
361,925
-158,125
| -30% | -$1.84M |
|
1742
PUT
WisdomTree India Earnings Fund ETF
EPI
$2.03B
| $4.91M | 0.01% |
245,000
| – | – |
|
|
VRNT
1743
DELISTED
Verint Systems
VRNT
| $4.91M | 0.01% |
213,119
+98,735
| +86% | +$2.19M |
|
1744
Eagle Materials
EXP
$6.06B
| $4.9M | 0.01% |
+69,840
| New | +$4.39M |
|
1745
Brookfield
BN
$92.5B
| $4.9M | 0.01% |
+278,351
| New | +$4.89M |
|
|
VAR
1746
CALL
DELISTED
Varian Medical Systems, Inc.
VAR
| $4.9M | 0.01% |
40,000
+20,000
| +100% | +$2.32M |
|
1747
Henry Schein
HSIC
$10.1B
| $4.9M | 0.01% |
83,907
+79,787
| +1,937% | +$4.46M |
|
1748
Comtech Telecommunications
CMTL
$52.4M
| $4.89M | 0.01% |
289,698
+87,783
| +43% | +$1.48M |
|
|
FBC
1749
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $4.88M | 0.01% |
165,740
-150,831
| -48% | -$3.86M |
|
1750
Valley National Bancorp
VLY
$7.71B
| $4.87M | 0.01% |
622,952
+157,147
| +34% | +$1.21M |
|
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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 $10.9B 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 Miscellaneous at 47% of assets, down from 48% a quarter earlier, followed by Healthcare and Technology.
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.