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 | |
|---|---|---|---|---|---|---|
176
PUT
Bank of America
BAC
$431B
| $71.5M | 0.1% |
3,008,900
-1,263,400
| -30% | -$29.9M |
|
177
Lam Research
LRCX
$393B
| $71.3M | 0.1% |
2,203,630
+1,185,900
| +117% | +$32.3M |
|
178
Keurig Dr Pepper
KDP
$43.6B
| $71.1M | 0.1% |
2,505,000
+2,306,770
| +1,164% | +$62.6M |
|
179
CALL
PepsiCo
PEP
$196B
| $70.9M | 0.1% |
536,400
+302,400
| +129% | +$39.9M |
|
180
JD.com
JD
$39.7B
| $70.8M | 0.1% |
1,176,957
+216,643
| +23% | +$11M |
|
181
Carlisle Companies
CSL
$14.6B
| $70.3M | 0.1% |
587,083
+445,269
| +314% | +$53.5M |
|
|
BNY
182
Bank of New York Mellon
BNY
$108B
| $69.3M | 0.1% |
1,793,667
+1,240,603
| +224% | +$45.4M |
|
183
First Industrial Realty Trust
FR
$8.34B
| $69.3M | 0.1% |
1,802,864
+1,570,166
| +675% | +$57.5M |
|
184
Netflix
NFLX
$331B
| $68.9M | 0.09% |
1,513,610
+568,840
| +60% | +$24.2M |
|
185
Vale
VALE
$62.1B
| $68.8M | 0.09% |
6,674,733
+4,216,273
| +172% | +$38.6M |
|
|
186
PUT
Lowe's Companies
LOW
$121B
| $68.7M | 0.09% |
508,800
+240,200
| +89% | +$27.4M |
|
187
Workday
WDAY
$49.4B
| $68.6M | 0.09% |
366,154
+85,777
| +31% | +$13.9M |
|
188
Invitation Homes
INVH
$17.9B
| $68.6M | 0.09% |
2,491,216
+1,515,543
| +155% | +$38M |
|
189
Parker-Hannifin
PH
$126B
| $68.1M | 0.09% |
371,459
+347,350
| +1,441% | +$56M |
|
|
IMMU
190
DELISTED
Immunomedics Inc
IMMU
| $67.5M | 0.09% |
1,904,956
+1,588,827
| +503% | +$46.5M |
|
191
PUT
UnitedHealth
UNH
$350B
| $67.4M | 0.09% |
228,600
+151,900
| +198% | +$43.5M |
|
192
Trane Technologies
TT
$99.8B
| $67.2M | 0.09% |
755,583
+311,780
| +70% | +$27.1M |
|
193
Allstate
ALL
$64.2B
| $66.3M | 0.09% |
683,933
+511,578
| +297% | +$50.3M |
|
194
NVR
NVR
$16.9B
| $66.2M | 0.09% |
20,300
+14,134
| +229% | +$43.3M |
|
195
American Eagle Outfitters
AEO
$2.71B
| $66M | 0.09% |
6,050,925
+5,633,461
| +1,349% | +$53.3M |
|
196
General Motors
GM
$77.2B
| $65.8M | 0.09% |
2,602,600
+1,385,635
| +114% | +$33.7M |
|
|
197
CALL
JPMorgan Chase
JPM
$935B
| $65.4M | 0.09% |
695,600
-137,600
| -17% | -$13.1M |
|
198
Mid-America Apartment Communities
MAA
$15.2B
| $65.1M | 0.09% |
568,043
+211,718
| +59% | +$23.8M |
|
|
HOLX
199
DELISTED
Hologic
HOLX
| $65.1M | 0.09% |
1,141,486
+728,229
| +176% | +$35.7M |
|
200
Johnson Controls International
JCI
$86.7B
| $64.5M | 0.09% |
1,889,437
+924,024
| +96% | +$28.4M |
|
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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.