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 | |
|---|---|---|---|---|---|---|
|
AHRT
2051
AH Realty Trust
AHRT
$495M
| $3.48M | ﹤0.01% |
349,400
+191,959
| +122% | +$1.74M |
|
|
HYACW
2052
CALL
DELISTED
Haymaker Acquisition Corp. II Warrant
HYACW
| $3.48M | ﹤0.01% |
335,953
-63,880
| -16% | -$73.5K |
|
2053
Midland States Bancorp
MSBI
$681M
| $3.47M | ﹤0.01% |
232,071
+190,628
| +460% | +$2.93M |
|
2054
Standex International
SXI
$3.67B
| $3.46M | ﹤0.01% |
60,049
+51,521
| +604% | +$2.61M |
|
2055
Saia
SAIA
$9.39B
| $3.46M | ﹤0.01% |
+31,078
| New | +$2.98M |
|
2056
PUT
Public Storage
PSA
$58.1B
| $3.45M | ﹤0.01% |
18,000
-9,000
| -33% | -$1.74M |
|
|
HCACU
2057
DELISTED
Hennessy Capital Acquisition Corp. IV Unit
HCACU
| $3.45M | ﹤0.01% |
300,000
| – | – |
|
|
AVDL
2058
DELISTED
Avadel Pharmaceuticals
AVDL
| $3.45M | ﹤0.01% |
426,881
-28,015
| -6% | -$247K |
|
2059
JELD-WEN Holding
JELD
$189M
| $3.44M | ﹤0.01% |
+213,630
| New | +$2.82M |
|
2060
Upbound Group
UPBD
$1.12B
| $3.44M | ﹤0.01% |
+123,642
| New | +$2.75M |
|
|
GDEN
2061
DELISTED
Golden Entertainment
GDEN
| $3.44M | ﹤0.01% |
385,347
+256,448
| +199% | +$2.39M |
|
|
GHIVU
2062
DELISTED
Gores Holdings IV, Inc. Unit
GHIVU
| $3.43M | ﹤0.01% |
329,900
-1,730,000
| -84% | -$17.8M |
|
2063
Televisa
TV
$1.45B
| $3.43M | ﹤0.01% |
654,290
+20,813
| +3% | +$115K |
|
|
ARR
2064
Armour Residential REIT
ARR
$2.32B
| $3.42M | ﹤0.01% |
72,913
+68,983
| +1,755% | +$2.89M |
|
2065
Vicor
VICR
$9.39B
| $3.42M | ﹤0.01% |
47,555
+26,018
| +121% | +$1.46M |
|
|
MASI
2066
CALL
DELISTED
Masimo
MASI
| $3.42M | ﹤0.01% |
15,000
+2,000
| +15% | +$439K |
|
2067
CALL
Quest Diagnostics
DGX
$27B
| $3.42M | ﹤0.01% |
+30,000
| New | +$3.18M |
|
2068
Selective Insurance
SIGI
$5.5B
| $3.41M | ﹤0.01% |
64,710
-66,539
| -51% | -$3.37M |
|
2069
Greif
GEF
$4.8B
| $3.4M | ﹤0.01% |
98,941
-90,111
| -48% | -$2.96M |
|
2070
Regeneron Pharmaceuticals
REGN
$83.2B
| $3.4M | ﹤0.01% |
5,446
-87,934
| -94% | -$49.9M |
|
|
IGMS
2071
DELISTED
IGM Biosciences
IGMS
| $3.39M | ﹤0.01% |
46,445
+37,283
| +407% | +$2.27M |
|
2072
Tootsie Roll Industries
TR
$3.07B
| $3.39M | ﹤0.01% |
118,097
+102,810
| +673% | +$3.05M |
|
|
NSTG
2073
DELISTED
NanoString Technologies, Inc.
NSTG
| $3.39M | ﹤0.01% |
+115,381
| New | +$3.44M |
|
2074
NiSource
NI
$19.6B
| $3.38M | ﹤0.01% |
148,473
-979,197
| -87% | -$23.6M |
|
2075
CALL
Biogen
BIIB
$32.7B
| $3.37M | ﹤0.01% |
+12,600
| New | +$3.79M |
|
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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.