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 | |
|---|---|---|---|---|---|---|
|
SHLL.WS
2251
CALL
DELISTED
Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common
SHLL.WS
| $2.74M | ﹤0.01% |
100,000
-465,010
| -82% | -$820K |
|
2252
CALL
Ford
F
$55.4B
| $2.74M | ﹤0.01% |
450,000
+138,200
| +44% | +$765K |
|
2253
Equinor
EQNR
$97.9B
| $2.73M | ﹤0.01% |
188,844
+127,908
| +210% | +$1.8M |
|
|
BNFT
2254
DELISTED
Benefitfocus, Inc.
BNFT
| $2.73M | ﹤0.01% |
254,054
+74,872
| +42% | +$819K |
|
2255
PUT
Baidu
BIDU
$32.9B
| $2.73M | ﹤0.01% |
22,800
-17,300
| -43% | -$1.85M |
|
2256
Hercules Capital
HTGC
$3.27B
| $2.73M | ﹤0.01% |
260,734
-565,531
| -68% | -$5.74M |
|
2257
Universal Insurance Holdings
UVE
$1.21B
| $2.73M | ﹤0.01% |
153,810
+71,864
| +88% | +$1.27M |
|
|
CONE
2258
DELISTED
CyrusOne Inc Common Stock
CONE
| $2.73M | ﹤0.01% |
37,523
-229,705
| -86% | -$16.4M |
|
2259
CALL
T-Mobile US
TMUS
$194B
| $2.73M | ﹤0.01% |
+26,200
| New | +$2.51M |
|
2260
Vanguard Total World Stock ETF
VT
$81.2B
| $2.73M | ﹤0.01% |
+36,463
| New | +$2.57M |
|
2261
CRA International
CRAI
$1.1B
| $2.71M | ﹤0.01% |
68,661
-9,200
| -12% | -$349K |
|
|
LPRO
2262
DELISTED
Open Lending Corp
LPRO
| $2.71M | ﹤0.01% |
179,221
-235,692
| -57% | -$2.67M |
|
|
FRTA
2263
DELISTED
Forterra, Inc
FRTA
| $2.71M | ﹤0.01% |
242,406
+230,209
| +1,887% | +$1.9M |
|
2264
BrightView Holdings
BV
$1.05B
| $2.7M | ﹤0.01% |
+241,421
| New | +$2.92M |
|
2265
Regions Financial
RF
$25.9B
| $2.7M | ﹤0.01% |
+242,783
| New | +$2.58M |
|
|
TSC
2266
DELISTED
TriState Capital Holdings, Inc.
TSC
| $2.7M | ﹤0.01% |
171,801
+68,444
| +66% | +$931K |
|
2267
Cerus
CERS
$538M
| $2.69M | ﹤0.01% |
408,404
-1,565,469
| -79% | -$8.97M |
|
2268
iShares MSCI Australia ETF
EWA
$1.34B
| $2.69M | ﹤0.01% |
+139,664
| New | +$2.46M |
|
2269
CALL
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.9B
| $2.69M | ﹤0.01% |
+20,000
| New | +$2.6M |
|
2270
Mercer International
MERC
$26M
| $2.69M | ﹤0.01% |
329,703
-201,462
| -38% | -$1.68M |
|
2271
Porch Group
PRCH
$1.97B
| $2.69M | ﹤0.01% |
265,025
-84,975
| -24% | -$840K |
|
2272
Kura Oncology
KURA
$1.13B
| $2.69M | ﹤0.01% |
164,857
-315,861
| -66% | -$4.56M |
|
2273
AXT Inc
AXTI
$3.89B
| $2.69M | ﹤0.01% |
+564,363
| New | +$2.66M |
|
|
BFX
2274
DELISTED
BowFlex Inc.
BFX
| $2.68M | ﹤0.01% |
289,427
-506,624
| -64% | -$3.07M |
|
2275
Vishay Precision Group
VPG
$834M
| $2.68M | ﹤0.01% |
+109,038
| New | +$2.45M |
|
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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.