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 |
AGN
Allergan plc
AGN
|
+$200M |
| 2 |
Danaher
DHR
|
+$146M |
| 3 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$138M |
| 4 |
Procter & Gamble
PG
|
+$122M |
| 5 |
RDS.B
Royal Dutch Shell PLC ADS Class B
RDS.B
|
+$109M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89B |
| 2 |
Microsoft
MSFT
|
+$380M |
| 3 |
Alibaba
BABA
|
+$352M |
| 4 |
Wells Fargo
WFC
|
+$245M |
| 5 |
American Electric Power
AEP
|
+$243M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 11.91% |
| 2 | Technology | 7.43% |
| 3 | Financials | 6.52% |
| 4 | Consumer Discretionary | 5.69% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Roper Technologies
ROP
$40.7B
| $38M | 0.09% |
121,940
+105,800
| +656% | +$37.5M |
|
|
EA
227
PUT
DELISTED
Electronic Arts
EA
| $37.7M | 0.08% |
376,500
-172,800
| -31% | -$18.2M |
|
228
Micron Technology
MU
$1.09T
| $37.6M | 0.08% |
894,073
-314,200
| -26% | -$16.3M |
|
229
Marathon Petroleum
MPC
$101B
| $37.5M | 0.08% |
1,587,506
-1,169,016
| -42% | -$53.9M |
|
230
UDR
UDR
$12.1B
| $37.5M | 0.08% |
1,025,851
-109,001
| -10% | -$4.93M |
|
231
PUT
Amgen
AMGN
$238B
| $37.2M | 0.08% |
183,600
-117,400
| -39% | -$25.6M |
|
232
Motorola Solutions
MSI
$79.5B
| $37.2M | 0.08% |
279,817
-215,616
| -44% | -$36.2M |
|
|
KSU
233
DELISTED
Kansas City Southern
KSU
| $37.2M | 0.08% |
292,119
+277,173
| +1,854% | +$42.3M |
|
|
WBA
234
DELISTED
Walgreens Boots Alliance
WBA
| $37M | 0.08% |
808,353
+722,689
| +844% | +$36.7M |
|
235
Morgan Stanley
MS
$336B
| $36.7M | 0.08% |
1,080,436
+123,782
| +13% | +$5.83M |
|
236
Mid-America Apartment Communities
MAA
$15.2B
| $36.7M | 0.08% |
356,325
+31,654
| +10% | +$4.11M |
|
237
GSK
GSK
$105B
| $36.7M | 0.08% |
774,240
+540,210
| +231% | +$28.8M |
|
238
PUT
Chevron
CVX
$403B
| $36.7M | 0.08% |
505,900
+33,000
| +7% | +$3.26M |
|
239
Trane Technologies
TT
$99.8B
| $36.7M | 0.08% |
443,803
-87,913
| -17% | -$10.7M |
|
240
TJX Companies
TJX
$155B
| $36.6M | 0.08% |
765,381
-2,319,081
| -75% | -$133M |
|
241
Marriott International
MAR
$92.9B
| $36.6M | 0.08% |
+488,724
| New | +$60.8M |
|
242
Workday
WDAY
$49.4B
| $36.5M | 0.08% |
280,377
-105,848
| -27% | -$17.8M |
|
243
TransDigm Group
TDG
$66.4B
| $36.5M | 0.08% |
113,977
+43,874
| +63% | +$23.9M |
|
|
APLS
244
DELISTED
Apellis Pharmaceuticals
APLS
| $36.4M | 0.08% |
1,357,586
+774,980
| +133% | +$27.5M |
|
245
Capital One
COF
$134B
| $36.3M | 0.08% |
720,417
+505,528
| +235% | +$44.4M |
|
246
Tyson Foods
TSN
$20.6B
| $36.3M | 0.08% |
626,537
-1,199,747
| -66% | -$89.6M |
|
247
Ingersoll Rand
IR
$31.2B
| $36.2M | 0.08% |
1,460,372
+1,434,837
| +5,619% | +$45.6M |
|
248
Linde
LIN
$225B
| $36.2M | 0.08% |
209,026
-118,314
| -36% | -$23.3M |
|
249
Apollo Global Management
APO
$78.4B
| $36M | 0.08% |
+1,075,104
| New | +$46.2M |
|
|
LSI
250
DELISTED
Life Storage, Inc.
LSI
| $36M | 0.08% |
571,358
+233,285
| +69% | +$16.7M |
|
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Israel Englander's Q1 2020 Portfolio in Review
As of Q1 2020, Israel Englander held 4,928 positions worth $44.5B, down 44% from $79.9B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Israel Englander withdrew a net $21.4B in Q1 2020, closing 1,154 positions and reducing 1,745 holdings. Its most notable exit was Becton Dickinson, an estimated $152M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 10% a quarter earlier, followed by Technology and Financials.
Against the trend, Israel Englander opened a new position in Danaher worth $133M.
- Israel Englander's largest Q1 2020 buy was Danaher: 1,082,448 shares worth $133M.
- Israel Englander added most to Allergan plc in Q1 2020, an estimated $200M increase.
- Israel Englander's biggest Q1 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $3.89B.
- Israel Englander fully exited Becton Dickinson in Q1 2020, selling an estimated $152M.
- Israel Englander's ten largest holdings make up 18% of its $44.5B portfolio in Q1 2020.
- Israel Englander opened 789 new positions and closed 1,154 in Q1 2020.
- Israel Englander's portfolio value fell 44% quarter-over-quarter to $44.5B.
Based on Millennium Management's 13F filing for Q1 2020, filed 14 May 2020.