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 | |
|---|---|---|---|---|---|---|
|
SAFE
2726
Safehold
SAFE
$1.09B
| $610K | ﹤0.01% |
11,806
-33,681
| -74% | -$2.27M |
|
|
TACO
2727
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $610K | ﹤0.01% |
177,845
-616,773
| -78% | -$3.94M |
|
2728
Maximus
MMS
$3.12B
| $607K | ﹤0.01% |
10,421
-190,588
| -95% | -$12.9M |
|
|
DRD
2729
DRDGold
DRD
$2.6B
| $605K | ﹤0.01% |
112,063
-89,768
| -44% | -$546K |
|
2730
VICI Properties
VICI
$28.4B
| $605K | ﹤0.01% |
36,383
-2,838,402
| -99% | -$66.3M |
|
2731
Sterling Infrastructure
STRL
$15.5B
| $603K | ﹤0.01% |
63,428
+29,249
| +86% | +$372K |
|
|
FL
2732
PUT
DELISTED
Foot Locker
FL
| $600K | ﹤0.01% |
+27,200
| New | +$924K |
|
2733
iShares MSCI France ETF
EWQ
$332M
| $599K | ﹤0.01% |
25,563
-71,566
| -74% | -$2.1M |
|
2734
M/I Homes
MHO
$3.82B
| $599K | ﹤0.01% |
36,260
-38,053
| -51% | -$1.38M |
|
2735
Vera Bradley
VRA
$95M
| $599K | ﹤0.01% |
145,299
+122,809
| +546% | +$1.04M |
|
2736
Align Technology
ALGN
$11.3B
| $598K | ﹤0.01% |
3,438
-311,264
| -99% | -$74.5M |
|
|
CIM
2737
Chimera Investment
CIM
$964M
| $598K | ﹤0.01% |
21,897
+18,166
| +487% | +$1.03M |
|
2738
Heritage Insurance Holdings
HRTG
$1.02B
| $598K | ﹤0.01% |
55,827
+40,835
| +272% | +$483K |
|
2739
PUT
KeyCorp
KEY
$23.5B
| $598K | ﹤0.01% |
57,700
-103,300
| -64% | -$1.72M |
|
2740
Seacoast Banking Corp of Florida
SBCF
$3.32B
| $597K | ﹤0.01% |
32,583
-898,600
| -97% | -$22.7M |
|
2741
Ultragenyx Pharmaceutical
RARE
$2.59B
| $595K | ﹤0.01% |
+13,394
| New | +$695K |
|
2742
Replimune Group
REPL
$1.47B
| $594K | ﹤0.01% |
59,602
-34,792
| -37% | -$519K |
|
|
HIL
2743
DELISTED
Hill International, Inc. Common Stock
HIL
| $594K | ﹤0.01% |
409,695
+205,818
| +101% | +$587K |
|
|
LOTZW
2744
CALL
DELISTED
CarLotz, Inc. Warrant
LOTZW
| $591K | ﹤0.01% |
+60,000
| New | +$45.2K |
|
|
CAI
2745
DELISTED
CAI International, Inc.
CAI
| $591K | ﹤0.01% |
+41,790
| New | +$1.01M |
|
2746
NETSCOUT
NTCT
$2.87B
| $590K | ﹤0.01% |
24,912
-36,513
| -59% | -$926K |
|
2747
PUT
Phillips 66
PSX
$95.7B
| $590K | ﹤0.01% |
+11,000
| New | +$895K |
|
2748
CAE Inc
CAE
$8.01B
| $589K | ﹤0.01% |
+46,673
| New | +$1.18M |
|
2749
PUT
DaVita
DVA
$11.4B
| $586K | ﹤0.01% |
+7,700
| New | +$605K |
|
2750
Gerdau
GGB
$9.22B
| $586K | ﹤0.01% |
+386,715
| New | +$1.23M |
|
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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.