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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $3.6B | 4.93% |
11,674,600
+7,318,000
| +168% | +$2.14B |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.35B | 3.22% |
7,631,200
+1,762,400
| +30% | +$516M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $1.83B | 2.5% |
12,758,700
+4,949,200
| +63% | +$649M |
|
|
4
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.37B | 1.88% |
9,593,800
+7,174,200
| +297% | +$941M |
|
5
PUT
Invesco QQQ Trust
QQQ
$486B
| $1.37B | 1.88% |
5,528,700
+2,700,600
| +95% | +$605M |
|
6
PUT
Amazon
AMZN
$2.79T
| $1.21B | 1.66% |
8,758,000
-74,000
| -0.8% | -$8.94M |
|
7
PUT
Apple
AAPL
$4.51T
| $1.06B | 1.46% |
11,664,000
+2,428,000
| +26% | +$188M |
|
8
PUT
Microsoft
MSFT
$3.59T
| $730M | 1% |
3,585,500
+240,000
| +7% | +$43.6M |
|
|
9
CALL
Invesco QQQ Trust
QQQ
$486B
| $653M | 0.89% |
2,635,400
-939,800
| -26% | -$211M |
|
|
10
PUT
Meta Platforms (Facebook)
META
$1.4T
| $510M | 0.7% |
2,244,400
-51,300
| -2% | -$10.7M |
|
11
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $457M | 0.63% |
6,450,000
-666,000
| -9% | -$44.9M |
|
12
PUT
Alibaba
BABA
$286B
| $401M | 0.55% |
1,857,500
+1,340,000
| +259% | +$279M |
|
|
13
CALL
Apple
AAPL
$4.51T
| $383M | 0.52% |
4,200,400
+1,198,000
| +40% | +$92.8M |
|
14
PUT
Tesla
TSLA
$1.43T
| $356M | 0.49% |
4,951,500
+1,356,000
| +38% | +$73.4M |
|
15
PUT
Netflix
NFLX
$331B
| $345M | 0.47% |
7,573,000
-1,594,000
| -17% | -$67.8M |
|
|
16
PUT
NVIDIA
NVDA
$5.2T
| $339M | 0.46% |
35,664,000
-6,600,000
| -16% | -$53.4M |
|
|
17
JPMorgan Chase
JPM
$935B
| $339M | 0.46% |
3,599,998
+2,246,911
| +166% | +$213M |
|
|
18
Intel
INTC
$476B
| $337M | 0.46% |
5,635,882
+3,344,237
| +146% | +$200M |
|
|
19
CALL
Amazon
AMZN
$2.79T
| $337M | 0.46% |
2,440,000
-1,356,000
| -36% | -$164M |
|
|
20
CALL
Microsoft
MSFT
$3.59T
| $335M | 0.46% |
1,644,300
+5,600
| +0.3% | +$1.02M |
|
21
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $334M | 0.46% |
9,100,000
+3,283,200
| +56% | +$108M |
|
22
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $327M | 0.45% |
6,250,000
+1,700,000
| +37% | +$80M |
|
|
23
Lowe's Companies
LOW
$121B
| $274M | 0.38% |
2,029,363
+1,898,494
| +1,451% | +$217M |
|
24
PayPal
PYPL
$52.7B
| $242M | 0.33% |
1,387,535
+740,059
| +114% | +$102M |
|
|
25
PUT
PayPal
PYPL
$52.7B
| $240M | 0.33% |
1,375,600
-2,300
| -0.2% | -$318K |
|
Similar funds
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.