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 | Miscellaneous | 47.74% |
| 2 | Healthcare | 11.91% |
| 3 | Technology | 7.43% |
| 4 | Financials | 6.52% |
| 5 | Consumer Discretionary | 5.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
Ultrapar
UGP
$6.84B
| $891K | ﹤0.01% |
366,506
-589,525
| -62% | -$2.83M |
|
2502
CALL
Chemours
CC
$2.38B
| $887K | ﹤0.01% |
100,000
| – | – |
|
|
MASI
2503
PUT
DELISTED
Masimo
MASI
| $886K | ﹤0.01% |
+5,000
| New | +$858K |
|
|
VSLR
2504
DELISTED
VIVINT SOLAR, INC.
VSLR
| $886K | ﹤0.01% |
202,745
-570,655
| -74% | -$4.84M |
|
2505
Cass Information Systems
CASS
$734M
| $881K | ﹤0.01% |
25,064
+18,963
| +311% | +$916K |
|
2506
PUT
Enbridge
ENB
$110B
| $881K | ﹤0.01% |
+30,300
| New | +$1.12M |
|
2507
PUT
Teleflex
TFX
$5.88B
| $879K | ﹤0.01% |
3,000
-2,000
| -40% | -$698K |
|
2508
CALL
General Mills
GIS
$22.1B
| $876K | ﹤0.01% |
+16,600
| New | +$877K |
|
2509
Raymond James Financial
RJF
$34.1B
| $873K | ﹤0.01% |
20,715
-515,811
| -96% | -$29.1M |
|
2510
Clean Energy Fuels
CLNE
$353M
| $871K | ﹤0.01% |
489,473
+435,559
| +808% | +$983K |
|
|
ICBK
2511
DELISTED
County Bancorp, Inc. Common Stock
ICBK
| $871K | ﹤0.01% |
47,066
+28,636
| +155% | +$669K |
|
2512
CALL
Phillips 66
PSX
$96.4B
| $869K | ﹤0.01% |
+16,200
| New | +$1.32M |
|
2513
PUT
Sysco
SYY
$39.5B
| $867K | ﹤0.01% |
19,000
-48,900
| -72% | -$3.38M |
|
2514
Kopin
KOPN
$888M
| $866K | ﹤0.01% |
2,480,332
-56,886
| -2% | -$21.7K |
|
2515
Star Bulk Carriers
SBLK
$3.4B
| $865K | ﹤0.01% |
153,334
-31,563
| -17% | -$264K |
|
|
ZAGG
2516
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $865K | ﹤0.01% |
+278,162
| New | +$1.81M |
|
2517
CALL
Axalta
AXTA
$7.88B
| $864K | ﹤0.01% |
50,000
-50,000
| -50% | -$1.28M |
|
2518
Health Catalyst
HCAT
$121M
| $863K | ﹤0.01% |
+33,008
| New | +$1.01M |
|
2519
Oxford Industries
OXM
$580M
| $862K | ﹤0.01% |
+23,767
| New | +$1.46M |
|
|
ITMR
2520
DELISTED
Itamar Medical Ltd. American Depository Shares
ITMR
| $862K | ﹤0.01% |
+73,170
| New | +$997K |
|
2521
CNB Financial Corp
CCNE
$1.01B
| $861K | ﹤0.01% |
+45,645
| New | +$1.21M |
|
2522
Financial Institutions
FISI
$815M
| $860K | ﹤0.01% |
47,388
-17,222
| -27% | -$462K |
|
2523
Arbutus Biopharma
ABUS
$1.02B
| $856K | ﹤0.01% |
847,164
+551,188
| +186% | +$1.49M |
|
2524
CALL
Masco
MAS
$14.4B
| $854K | ﹤0.01% |
+24,700
| New | +$1.08M |
|
|
GDEN
2525
DELISTED
Golden Entertainment
GDEN
| $852K | ﹤0.01% |
128,899
-113,553
| -47% | -$1.73M |
|
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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 $20.8B 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 Miscellaneous at 48% of assets, up from 38% a quarter earlier, followed by Healthcare and Technology.
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.