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 | |
|---|---|---|---|---|---|---|
2576
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
| $779K | ﹤0.01% |
8,062
-94,095
| -92% | -$10.4M |
|
2577
FuelCell Energy
FCEL
$1.54B
| $779K | ﹤0.01% |
+17,188
| New | +$970K |
|
2578
Tucows
TCX
$111M
| $779K | ﹤0.01% |
+16,147
| New | +$904K |
|
|
WPRT
2579
Westport Fuel Systems
WPRT
$35.1M
| $779K | ﹤0.01% |
82,773
+57,242
| +224% | +$1.18M |
|
2580
Barrett Business Services
BBSI
$828M
| $776K | ﹤0.01% |
78,260
+53,440
| +215% | +$935K |
|
2581
CALL
CenterPoint Energy
CNP
$25.9B
| $773K | ﹤0.01% |
50,000
-23,000
| -32% | -$528K |
|
2582
Alphabet (Google) Class C
GOOG
$4.13T
| $773K | ﹤0.01% |
13,300
-2,380,620
| -99% | -$162M |
|
2583
Community Bank
CBU
$3.32B
| $771K | ﹤0.01% |
13,119
-63,589
| -83% | -$4.12M |
|
2584
Park-Ohio Holdings
PKOH
$687M
| $771K | ﹤0.01% |
40,688
+12,805
| +46% | +$337K |
|
2585
SolarEdge
SEDG
$2.06B
| $771K | ﹤0.01% |
9,422
-154,502
| -94% | -$16.3M |
|
2586
Viasat
VSAT
$10B
| $771K | ﹤0.01% |
21,468
-51,172
| -70% | -$2.95M |
|
2587
Ubiquiti
UI
$35.9B
| $768K | ﹤0.01% |
5,422
-123,072
| -96% | -$18.8M |
|
2588
Graphic Packaging
GPK
$3.35B
| $767K | ﹤0.01% |
62,909
-2,419,882
| -97% | -$35.6M |
|
2589
CALL
Monster Beverage
MNST
$91.5B
| $765K | ﹤0.01% |
+54,400
| New | +$874K |
|
2590
Lumentum
LITE
$85.8B
| $760K | ﹤0.01% |
10,314
+1,212
| +13% | +$95.4K |
|
|
BELFB
2591
Bel Fuse Inc Class B
BELFB
$3.72B
| $757K | ﹤0.01% |
77,749
-3,703
| -5% | -$53.9K |
|
2592
CALL
Royal Caribbean
RCL
$76.2B
| $756K | ﹤0.01% |
23,500
+18,100
| +335% | +$1.65M |
|
|
BSTC
2593
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $755K | ﹤0.01% |
13,348
+9,792
| +275% | +$558K |
|
2594
CALL
Analog Devices
ADI
$181B
| $753K | ﹤0.01% |
8,400
-19,400
| -70% | -$2.12M |
|
2595
Evolus
EOLS
$587M
| $753K | ﹤0.01% |
181,418
-395,891
| -69% | -$3.36M |
|
2596
CALL
Etsy
ETSY
$7.61B
| $753K | ﹤0.01% |
19,600
-160,400
| -89% | -$7.84M |
|
|
ANH
2597
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $753K | ﹤0.01% |
666,434
+489,419
| +276% | +$1.49M |
|
2598
Crawford & Co Class B
CRD.B
$562M
| $752K | ﹤0.01% |
117,650
-11,935
| -9% | -$94.4K |
|
2599
Arcos Dorados Holdings
ARCO
$1.67B
| $748K | ﹤0.01% |
230,056
-1,162,292
| -83% | -$7.39M |
|
2600
Rocky Brands
RCKY
$339M
| $745K | ﹤0.01% |
38,480
+30,425
| +378% | +$749K |
|
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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.