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 | |
|---|---|---|---|---|---|---|
|
NVRO
2701
DELISTED
NEVRO CORP.
NVRO
| $634K | ﹤0.01% |
6,341
-179,832
| -97% | -$21.6M |
|
2702
Franklin Templeton
BEN
$17.7B
| $631K | ﹤0.01% |
37,822
-1,372,841
| -97% | -$31.5M |
|
2703
Bogota Financial
BSBK
$116M
| $631K | ﹤0.01% |
+91,471
| New | +$902K |
|
|
ATXI
2704
DELISTED
Avenue Therapeutics, Inc. Common Stock
ATXI
| $631K | ﹤0.01% |
+63
| New | +$631K |
|
2705
CALL
American Airlines Group
AAL
$9.08B
| $630K | ﹤0.01% |
51,700
-205,300
| -80% | -$4.68M |
|
2706
Lennar Class B
LEN.B
$20.1B
| $630K | ﹤0.01% |
22,902
+15,342
| +203% | +$671K |
|
2707
Federated Hermes
FHI
$4.84B
| $629K | ﹤0.01% |
+32,993
| New | +$979K |
|
|
VIE
2708
DELISTED
Viela Bio, Inc. Common Stock
VIE
| $627K | ﹤0.01% |
16,505
-4,356
| -21% | -$170K |
|
2709
Olin
OLN
$1.97B
| $626K | ﹤0.01% |
53,630
-177,518
| -77% | -$2.69M |
|
|
EB
2710
DELISTED
Eventbrite
EB
| $624K | ﹤0.01% |
85,468
-23,128
| -21% | -$390K |
|
|
STND
2711
DELISTED
Standard AVB Financial Corp. Common Stock
STND
| $624K | ﹤0.01% |
29,493
+390
| +1% | +$10.7K |
|
2712
Oceaneering
OII
$5.1B
| $623K | ﹤0.01% |
212,043
-164,159
| -44% | -$1.71M |
|
2713
Sony
SONY
$141B
| $623K | ﹤0.01% |
+52,615
| New | +$690K |
|
2714
PUT
Bausch Health
BHC
$2.36B
| $622K | ﹤0.01% |
+40,100
| New | +$967K |
|
2715
PUT
BP
BP
$109B
| $620K | ﹤0.01% |
+25,400
| New | +$821K |
|
2716
Fulton Financial
FULT
$4.53B
| $620K | ﹤0.01% |
53,967
+4,776
| +10% | +$73.3K |
|
2717
Reynolds Consumer Products
REYN
$5.1B
| $620K | ﹤0.01% |
+21,250
| New | +$612K |
|
2718
Grupo Cibest SA
CIB
$23.3B
| $619K | ﹤0.01% |
24,786
-121,788
| -83% | -$5.49M |
|
2719
CALL
Oneok
OKE
$59.7B
| $619K | ﹤0.01% |
28,400
-12,800
| -31% | -$780K |
|
2720
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $619K | ﹤0.01% |
4,800
-70,763
| -94% | -$10.9M |
|
2721
CALL
Vulcan Materials
VMC
$35.5B
| $616K | ﹤0.01% |
5,700
-34,000
| -86% | -$4.34M |
|
|
FTR
2722
DELISTED
Frontier Communications Corp.
FTR
| $613K | ﹤0.01% |
1,613,964
-2,574,344
| -61% | -$1.38M |
|
2723
CALL
Workday
WDAY
$47.8B
| $612K | ﹤0.01% |
4,700
-11,200
| -70% | -$1.89M |
|
|
SIX
2724
DELISTED
Six Flags Entertainment Corp.
SIX
| $611K | ﹤0.01% |
48,708
-368,486
| -88% | -$11M |
|
|
GRUB
2725
CALL
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $611K | ﹤0.01% |
+7,500
| New | +$737K |
|
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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.