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 | |
|---|---|---|---|---|---|---|
1901
Old National Bancorp
ONB
$9.89B
| $4.18M | 0.01% |
303,894
+25,824
| +9% | +$348K |
|
|
MRSH
1902
Marsh
MRSH
$90.7B
| $4.18M | 0.01% |
38,922
-141,215
| -78% | -$14.3M |
|
1903
NorthWestern Energy
NWE
$4.37B
| $4.17M | 0.01% |
76,468
+11,709
| +18% | +$678K |
|
1904
General Dynamics
GD
$103B
| $4.17M | 0.01% |
27,886
-278,582
| -91% | -$39.3M |
|
1905
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.7B
| $4.14M | 0.01% |
45,264
+41,053
| +975% | +$3.76M |
|
1906
State Street Energy Select Sector SPDR ETF
XLE
$40.9B
| $4.14M | 0.01% |
218,644
-94,244
| -30% | -$1.75M |
|
1907
First Bancorp
FBNC
$2.63B
| $4.13M | 0.01% |
164,664
-66,292
| -29% | -$1.6M |
|
1908
California Water Service
CWT
$3.1B
| $4.12M | 0.01% |
86,459
-9,395
| -10% | -$444K |
|
|
CERN
1909
CALL
DELISTED
Cerner Corp
CERN
| $4.11M | 0.01% |
60,000
+39,700
| +196% | +$2.73M |
|
1910
GATX Corp
GATX
$6.3B
| $4.11M | 0.01% |
+67,417
| New | +$4.05M |
|
1911
Guidewire Software
GWRE
$16.7B
| $4.11M | 0.01% |
+37,038
| New | +$3.56M |
|
|
AGNT
1912
AGNT Inc
AGNT
$704M
| $4.1M | 0.01% |
+481,208
| New | +$2.47M |
|
1913
Wabash National
WNC
$539M
| $4.09M | 0.01% |
385,565
+356,859
| +1,243% | +$3.14M |
|
1914
Builders FirstSource
BLDR
$7.23B
| $4.09M | 0.01% |
+197,433
| New | +$3.57M |
|
1915
Enovis
ENOV
$1.43B
| $4.08M | 0.01% |
84,856
+66,243
| +356% | +$2.93M |
|
|
NIU
1916
Niu Technologies
NIU
$154M
| $4.07M | 0.01% |
+254,474
| New | +$2.56M |
|
1917
IAMGOLD
IAG
$12.3B
| $4.06M | 0.01% |
1,027,972
-365,071
| -26% | -$1.26M |
|
1918
iShares MSCI Japan ETF
EWJ
$22.7B
| $4.06M | 0.01% |
+73,849
| New | +$3.92M |
|
1919
Sabesp
SBS
$17B
| $4.05M | 0.01% |
1,989,696
+1,875,608
| +1,644% | +$3.14M |
|
1920
PUT
DexCom
DXCM
$33.7B
| $4.05M | 0.01% |
40,000
-8,000
| -17% | -$716K |
|
1921
Cal-Maine
CALM
$3.72B
| $4.05M | 0.01% |
91,066
-23,049
| -20% | -$981K |
|
1922
iShares Short Maturity Bond ETF
NEAR
$4.97B
| $4.05M | 0.01% |
+80,957
| New | +$4M |
|
1923
Envista
NVST
$4.41B
| $4.04M | 0.01% |
+191,349
| New | +$3.59M |
|
1924
Corbus Pharmaceuticals
CRBP
$215M
| $4.03M | 0.01% |
16,006
+14,799
| +1,226% | +$2.99M |
|
|
AZRE
1925
DELISTED
Azure Power Global Limited
AZRE
| $4.03M | 0.01% |
252,404
-2,020
| -0.8% | -$30.4K |
|
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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.