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 | Healthcare | 11.91% |
| 2 | Technology | 7.43% |
| 3 | Financials | 6.52% |
| 4 | Consumer Discretionary | 5.69% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Netflix
NFLX
$331B
| $35.5M | 0.08% |
944,770
-3,390,720
| -78% | -$120M |
|
|
PPL
252
PPL Corp
PPL
$25.9B
| $35.3M | 0.08% |
1,430,835
+1,219,067
| +576% | +$39.3M |
|
253
Alphabet (Google) Class A
GOOGL
$4.22T
| $34.9M | 0.08% |
601,560
-2,843,800
| -83% | -$193M |
|
254
CALL
Adobe
ADBE
$109B
| $34.7M | 0.08% |
109,100
+15,600
| +17% | +$5.34M |
|
255
DTE Energy
DTE
$28.1B
| $34.7M | 0.08% |
428,712
-419,466
| -49% | -$42.6M |
|
256
Verizon
VZ
$205B
| $34.6M | 0.08% |
643,937
+100,478
| +18% | +$5.75M |
|
257
Constellation Brands
STZ
$23.2B
| $34.6M | 0.08% |
241,214
-138,944
| -37% | -$24.5M |
|
258
Dollar Tree
DLTR
$25.3B
| $34.4M | 0.08% |
467,561
-161,611
| -26% | -$13.8M |
|
|
FTSV
259
DELISTED
Forty Seven, Inc. Common Stock
FTSV
| $34.2M | 0.08% |
358,778
-51,321
| -13% | -$3.1M |
|
260
iShares MSCI Brazil ETF
EWZ
$8.52B
| $34M | 0.08% |
1,441,579
+179,790
| +14% | +$6.95M |
|
261
PUT
Oracle
ORCL
$422B
| $33.9M | 0.08% |
700,800
-182,700
| -21% | -$9.43M |
|
262
International Paper
IP
$22B
| $33.8M | 0.08% |
1,146,999
+843,179
| +278% | +$31.3M |
|
263
Occidental Petroleum
OXY
$61.3B
| $33.8M | 0.08% |
2,917,122
+1,917,913
| +192% | +$63M |
|
264
Martin Marietta Materials
MLM
$32.1B
| $33.7M | 0.08% |
177,872
+126,270
| +245% | +$30.2M |
|
265
IQVIA
IQV
$42.8B
| $33.4M | 0.08% |
310,087
-62,649
| -17% | -$8.95M |
|
266
PUT
Eli Lilly
LLY
$1.12T
| $33.4M | 0.08% |
241,100
+141,100
| +141% | +$19.4M |
|
267
Incyte
INCY
$25.9B
| $33.4M | 0.08% |
456,615
+194,791
| +74% | +$14.7M |
|
268
Cardinal Health
CAH
$53.4B
| $33.3M | 0.07% |
694,247
+329,244
| +90% | +$17.1M |
|
|
269
Adobe
ADBE
$109B
| $33.3M | 0.07% |
104,509
-605,246
| -85% | -$207M |
|
270
Autodesk
ADSK
$53.6B
| $33.2M | 0.07% |
212,556
-109,361
| -34% | -$20.1M |
|
271
New Oriental
EDU
$8.88B
| $33.2M | 0.07% |
306,276
-87,552
| -22% | -$11.2M |
|
272
EOG Resources
EOG
$80.3B
| $33.1M | 0.07% |
922,024
+248,735
| +37% | +$16.2M |
|
273
CALL
IBM
IBM
$222B
| $33.1M | 0.07% |
312,022
+238,593
| +325% | +$30.2M |
|
274
Americold
COLD
$4.35B
| $32.5M | 0.07% |
955,745
-199,997
| -17% | -$6.7M |
|
|
CCXX.U
275
DELISTED
Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt
CCXX.U
| $32.4M | 0.07% |
+3,240,000
| New | +$33M |
|
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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 $21.4B 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 Healthcare at 12% of assets, up from 10% a quarter earlier, followed by Technology and Financials.
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.