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 | |
|---|---|---|---|---|---|---|
|
AIU
2526
DELISTED
Meta Data Limited American Depositary Shares, each representing ten (10) Class A Ordinary Shares
AIU
| $849K | ﹤0.01% |
1,332
+1,137
| +583% | +$821K |
|
2527
Bain Capital Specialty
BCSF
$772M
| $848K | ﹤0.01% |
+93,173
| New | +$1.6M |
|
2528
Heritage Financial
HFWA
$1.17B
| $848K | ﹤0.01% |
42,398
-104,266
| -71% | -$2.58M |
|
2529
PUT
Gaotu Techedu
GOTU
$428M
| $847K | ﹤0.01% |
+20,000
| New | +$738K |
|
|
OLP
2530
One Liberty Properties
OLP
$528M
| $841K | ﹤0.01% |
+60,395
| New | +$1.46M |
|
|
AIOT
2531
PowerFleet Inc
AIOT
$403M
| $840K | ﹤0.01% |
242,839
+182,133
| +300% | +$1.17M |
|
2532
Ryder
R
$9.51B
| $839K | ﹤0.01% |
31,720
-114,815
| -78% | -$4.84M |
|
2533
First Community Bankshares
FCBC
$925M
| $838K | ﹤0.01% |
35,945
-51,091
| -59% | -$1.41M |
|
|
HCCI
2534
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $838K | ﹤0.01% |
51,619
+41,921
| +432% | +$1.06M |
|
2535
CALL
Boston Scientific
BSX
$67.6B
| $835K | ﹤0.01% |
25,600
-424,500
| -94% | -$16.6M |
|
2536
TE Connectivity
TEL
$58.8B
| $835K | ﹤0.01% |
13,251
-549,229
| -98% | -$46.9M |
|
2537
Orion Energy Systems
OESX
$109M
| $834K | ﹤0.01% |
22,547
+20,907
| +1,275% | +$916K |
|
2538
Fortress Biotech
FBIO
$93.4M
| $832K | ﹤0.01% |
29,331
+11,705
| +66% | +$389K |
|
2539
Enviri
NVRI
$633M
| $831K | ﹤0.01% |
119,195
-753,736
| -86% | -$10.3M |
|
2540
Warner Bros
WBD
$72.4B
| $831K | ﹤0.01% |
+42,733
| New | +$1.17M |
|
2541
CALL
Genworth Financial
GNW
$3.75B
| $830K | ﹤0.01% |
+250,000
| New | +$1.04M |
|
|
2542
PUT
Genworth Financial
GNW
$3.75B
| $830K | ﹤0.01% |
+250,000
| New | +$1.04M |
|
2543
CACI
CACI
$14B
| $828K | ﹤0.01% |
3,923
-36,553
| -90% | -$9.08M |
|
2544
Match Group
MTCH
$9.46B
| $828K | ﹤0.01% |
12,545
-213,183
| -94% | -$15.7M |
|
2545
PUT
Insulet
PODD
$9.95B
| $828K | ﹤0.01% |
+5,000
| New | +$914K |
|
2546
Choiceone Financial
COFS
$497M
| $827K | ﹤0.01% |
+32,576
| New | +$921K |
|
2547
XP
XP
$8.97B
| $826K | ﹤0.01% |
42,810
-20,447
| -32% | -$691K |
|
2548
Hasbro
HAS
$13.3B
| $824K | ﹤0.01% |
11,518
-311,062
| -96% | -$26.9M |
|
|
HCCOU
2549
DELISTED
Healthcare Merger Corp. Units
HCCOU
| $824K | ﹤0.01% |
80,000
-1,490,000
| -95% | -$15.6M |
|
2550
Lifecore Biomedical
LFCR
$172M
| $823K | ﹤0.01% |
+94,720
| New | +$986K |
|
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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.