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 | |
|---|---|---|---|---|---|---|
|
FFG
2751
DELISTED
FBL Financial Group
FFG
| $586K | ﹤0.01% |
12,562
-40,541
| -76% | -$2.06M |
|
2752
Option Care Health
OPCH
$3.59B
| $584K | ﹤0.01% |
+61,649
| New | +$904K |
|
2753
Atlanticus Holdings
ATLC
$1.41B
| $582K | ﹤0.01% |
+58,640
| New | +$687K |
|
2754
Lennox International
LII
$13.5B
| $582K | ﹤0.01% |
3,203
-11,334
| -78% | -$2.62M |
|
2755
PUT
Alphabet (Google) Class C
GOOG
$4.13T
| $581K | ﹤0.01% |
10,000
-198,000
| -95% | -$13.4M |
|
2756
Vanguard FTSE All-World ex-US ETF
VEU
$70.7B
| $580K | ﹤0.01% |
14,128
-1,255
| -8% | -$61.7K |
|
2757
Marcus & Millichap
MMI
$1.2B
| $579K | ﹤0.01% |
21,374
+9,179
| +75% | +$309K |
|
2758
State Street SPDR S&P Bank ETF
KBE
$1.69B
| $575K | ﹤0.01% |
+21,313
| New | +$853K |
|
2759
Matinas BioPharma
MTNB
$2.94M
| $575K | ﹤0.01% |
19,170
+17,284
| +916% | +$1.04M |
|
|
KZR
2760
DELISTED
Kezar Life Sciences
KZR
| $574K | ﹤0.01% |
13,169
+10,868
| +472% | +$442K |
|
|
HR
2761
DELISTED
Healthcare Realty Trust Incorporated
HR
| $574K | ﹤0.01% |
20,561
-83,490
| -80% | -$2.83M |
|
2762
PUT
CONMED
CNMD
$1.51B
| $573K | ﹤0.01% |
+10,000
| New | +$922K |
|
2763
CALL
International Flavors & Fragrances
IFF
$22.2B
| $572K | ﹤0.01% |
+5,600
| New | +$697K |
|
2764
Origin Bancorp
OBK
$1.64B
| $571K | ﹤0.01% |
28,221
-28,973
| -51% | -$906K |
|
2765
CALL
Aecom
ACM
$8.52B
| $570K | ﹤0.01% |
+19,100
| New | +$817K |
|
2766
Solid Biosciences
SLDB
$1.09B
| $569K | ﹤0.01% |
15,880
-59,542
| -79% | -$2.95M |
|
|
HT
2767
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $568K | ﹤0.01% |
158,632
-414,849
| -72% | -$4.52M |
|
2768
UMB Financial
UMBF
$11B
| $567K | ﹤0.01% |
12,234
-130,822
| -91% | -$7.96M |
|
2769
ACI Worldwide
ACIW
$5.47B
| $565K | ﹤0.01% |
23,408
-194,224
| -89% | -$6.2M |
|
2770
AngloGold Ashanti
AU
$59.9B
| $565K | ﹤0.01% |
33,968
-29,946
| -47% | -$588K |
|
2771
iShares MSCI China ETF
MCHI
$6.21B
| $564K | ﹤0.01% |
+9,860
| New | +$610K |
|
2772
PUT
Ulta Beauty
ULTA
$23.2B
| $562K | ﹤0.01% |
3,200
-14,700
| -82% | -$3.67M |
|
|
FARO
2773
DELISTED
Faro Technologies
FARO
| $561K | ﹤0.01% |
12,601
-54,153
| -81% | -$2.81M |
|
2774
Hawaiian Electric Industries
HE
$1.98B
| $561K | ﹤0.01% |
13,032
-1,249
| -9% | -$57.8K |
|
2775
Veeva Systems
VEEV
$45.8B
| $561K | ﹤0.01% |
3,590
-66,234
| -95% | -$9.71M |
|
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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.