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 | |
|---|---|---|---|---|---|---|
2551
Shenandoah Telecom
SHEN
$692M
| $823K | ﹤0.01% |
+16,716
| New | +$743K |
|
2552
CALL
Enbridge
ENB
$110B
| $820K | ﹤0.01% |
+28,200
| New | +$1.05M |
|
2553
iQIYI
IQ
$929M
| $818K | ﹤0.01% |
45,978
+29,503
| +179% | +$663K |
|
2554
CALL
FMC
FMC
$1.36B
| $817K | ﹤0.01% |
+10,000
| New | +$928K |
|
|
CYBR
2555
DELISTED
CyberArk
CYBR
| $814K | ﹤0.01% |
9,515
-66,024
| -87% | -$7.61M |
|
2556
Carlyle Secured Lending
CGBD
$816M
| $813K | ﹤0.01% |
155,770
-136,146
| -47% | -$1.61M |
|
2557
Myriad Genetics
MYGN
$297M
| $813K | ﹤0.01% |
56,812
-681,426
| -92% | -$14.4M |
|
|
MOR
2558
DELISTED
MorphoSys AG American Depositary Shares
MOR
| $813K | ﹤0.01% |
33,109
+17,603
| +114% | +$518K |
|
|
APXTU
2559
DELISTED
Apex Technology Acquisition Corporation Unit
APXTU
| $812K | ﹤0.01% |
80,000
-910,000
| -92% | -$9.59M |
|
2560
CALL
Motorola Solutions
MSI
$80.2B
| $811K | ﹤0.01% |
+6,100
| New | +$1.02M |
|
2561
PUT
XPO
XPO
$22.2B
| $809K | ﹤0.01% |
+47,997
| New | +$1.28M |
|
2562
CALL
Okta
OKTA
$29.5B
| $807K | ﹤0.01% |
+6,600
| New | +$828K |
|
|
WBA
2563
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $805K | ﹤0.01% |
17,600
-64,600
| -79% | -$3.28M |
|
2564
PUT
Philips
PHG
$26.2B
| $803K | ﹤0.01% |
+25,162
| New | +$890K |
|
|
IBKC
2565
DELISTED
IBERIABANK Corp
IBKC
| $802K | ﹤0.01% |
22,176
-200,523
| -90% | -$12.5M |
|
|
CNH
2566
CNH Industrial
CNH
$18.6B
| $793K | ﹤0.01% |
162,436
-88,437
| -35% | -$690K |
|
|
AXE
2567
DELISTED
Anixter International Inc
AXE
| $793K | ﹤0.01% |
9,021
-15,614
| -63% | -$1.48M |
|
2568
PUT
MGM Resorts International
MGM
$10.8B
| $792K | ﹤0.01% |
67,100
-189,000
| -74% | -$4.86M |
|
|
CODX
2569
Co-Diagnostics
CODX
$8.45M
| $791K | ﹤0.01% |
+3,460
| New | +$600K |
|
2570
Marcus Corp
MCS
$914M
| $791K | ﹤0.01% |
64,223
+21,232
| +49% | +$534K |
|
2571
Concrete Pumping Holdings
BBCP
$472M
| $790K | ﹤0.01% |
+276,381
| New | +$1.34M |
|
|
MBCN
2572
DELISTED
Middlefield Banc Corp
MBCN
| $790K | ﹤0.01% |
+49,965
| New | +$1.13M |
|
2573
Telus
TU
$15.4B
| $787K | ﹤0.01% |
+49,884
| New | +$924K |
|
2574
CALL
Marvell Technology
MRVL
$202B
| $785K | ﹤0.01% |
+34,700
| New | +$832K |
|
2575
CALL
General Dynamics
GD
$103B
| $781K | ﹤0.01% |
+5,900
| New | +$980K |
|
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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.