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 | |
|---|---|---|---|---|---|---|
1951
New Jersey Resources
NJR
$5.46B
| $3.9M | 0.01% |
119,540
-52,488
| -31% | -$1.74M |
|
1952
Corpay
CPAY
$26.5B
| $3.89M | 0.01% |
15,476
-2,382
| -13% | -$565K |
|
|
DOO
1953
Bombardier Recreational Products
DOO
$4.56B
| $3.89M | 0.01% |
+91,397
| New | +$2.73M |
|
1954
Future Fuel
FF
$228M
| $3.85M | 0.01% |
+322,459
| New | +$3.81M |
|
1955
Ovid Therapeutics
OVID
$572M
| $3.85M | 0.01% |
522,596
+123,638
| +31% | +$578K |
|
1956
Cohen & Steers
CNS
$4.25B
| $3.85M | 0.01% |
+56,571
| New | +$3.41M |
|
1957
Verastem
VSTM
$668M
| $3.85M | 0.01% |
186,452
+106,054
| +132% | +$2.81M |
|
|
INOV
1958
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $3.84M | 0.01% |
199,569
+139,347
| +231% | +$2.47M |
|
1959
Commerce Bancshares
CBSH
$8.33B
| $3.84M | 0.01% |
86,585
+77,003
| +804% | +$3.39M |
|
|
FLY
1960
DELISTED
Fly Leasing Limited
FLY
| $3.84M | 0.01% |
467,944
+374,959
| +403% | +$2.61M |
|
1961
iShares Core S&P 500 ETF
IVV
$900B
| $3.83M | 0.01% |
12,379
-297,493
| -96% | -$87.3M |
|
1962
Magnolia Oil & Gas
MGY
$6.32B
| $3.83M | 0.01% |
631,505
+89,443
| +17% | +$488K |
|
|
ECHO
1963
EchoStar
ECHO
$25.1B
| $3.83M | 0.01% |
136,798
+97,624
| +249% | +$2.96M |
|
1964
Texas Capital Bancshares
TCBI
$4.26B
| $3.82M | 0.01% |
123,866
+68,634
| +124% | +$1.92M |
|
1965
JPMorgan Ultra-Short Income ETF
JPST
$40.8B
| $3.82M | 0.01% |
+75,368
| New | +$3.8M |
|
1966
PUT
Yum! Brands
YUM
$41.1B
| $3.81M | 0.01% |
43,900
+200
| +0.5% | +$17.1K |
|
|
SAIL
1967
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $3.81M | 0.01% |
143,993
-630,469
| -81% | -$13M |
|
1968
Hope Bancorp
HOPE
$1.78B
| $3.81M | 0.01% |
+412,762
| New | +$3.7M |
|
1969
CALL
Salesforce
CRM
$207B
| $3.8M | 0.01% |
20,300
-161,700
| -89% | -$27.2M |
|
1970
PUT
Altria Group
MO
$113B
| $3.8M | 0.01% |
96,900
+19,600
| +25% | +$765K |
|
|
CFFAW
1971
CALL
DELISTED
CF Finance Acquisition Corp. Warrant
CFFAW
| $3.8M | 0.01% |
350,400
-9,600
| -3% | -$7.23K |
|
|
CNH
1972
CNH Industrial
CNH
$18.4B
| $3.8M | 0.01% |
620,528
+458,092
| +282% | +$2.53M |
|
1973
CALL
Karyopharm Therapeutics
KPTI
$44M
| $3.79M | 0.01% |
13,333
+10,000
| +300% | +$2.96M |
|
|
JKS
1974
JinkoSolar
JKS
$708M
| $3.79M | 0.01% |
213,798
-285,884
| -57% | -$4.59M |
|
|
CSOD
1975
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $3.79M | 0.01% |
98,153
+87,574
| +828% | +$3.08M |
|
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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.