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 | |
|---|---|---|---|---|---|---|
2776
Newell Brands
NWL
$2.5B
| $560K | ﹤0.01% |
42,186
-14,936
| -26% | -$257K |
|
2777
ADMA Biologics
ADMA
$2.12B
| $559K | ﹤0.01% |
194,102
-71,999
| -27% | -$249K |
|
2778
Atara Biotherapeutics
ATRA
$92.8M
| $559K | ﹤0.01% |
2,625
-4,710
| -64% | -$1.49M |
|
2779
PUT
Macy's
M
$5.92B
| $559K | ﹤0.01% |
+113,900
| New | +$1.54M |
|
|
AMK
2780
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $559K | ﹤0.01% |
27,392
-96,655
| -78% | -$2.6M |
|
|
SIVB
2781
PUT
DELISTED
SVB Financial Group
SIVB
| $559K | ﹤0.01% |
+3,700
| New | +$814K |
|
2782
Bank7 Corp
BSVN
$499M
| $553K | ﹤0.01% |
69,587
-3,886
| -5% | -$60K |
|
|
TCRR
2783
DELISTED
TCR2 Therapeutics Inc. Common Stock
TCRR
| $550K | ﹤0.01% |
71,098
+20,886
| +42% | +$256K |
|
2784
SAP
SAP
$255B
| $546K | ﹤0.01% |
4,943
-33,260
| -87% | -$4.2M |
|
2785
PUT
Lumentum
LITE
$85.8B
| $545K | ﹤0.01% |
+7,400
| New | +$582K |
|
|
IDEX
2786
DELISTED
Ideanomics, Inc. Common Stock
IDEX
| $543K | ﹤0.01% |
+3,241
| New | +$239K |
|
2787
Lakeland Financial Corp
LKFN
$1.47B
| $542K | ﹤0.01% |
+14,759
| New | +$642K |
|
|
NKLA
2788
DELISTED
Nikola Corporation Common Stock
NKLA
| $542K | ﹤0.01% |
+1,697
| New | +$548K |
|
2789
PetMed Express
PETS
$40.1M
| $541K | ﹤0.01% |
18,795
+2,554
| +16% | +$66.9K |
|
2790
WhiteHorse Finance
WHF
$153M
| $540K | ﹤0.01% |
76,254
+50,090
| +191% | +$625K |
|
2791
Minerals Technologies
MTX
$2.25B
| $539K | ﹤0.01% |
14,853
+4,071
| +38% | +$197K |
|
2792
ACNB Corp
ACNB
$656M
| $537K | ﹤0.01% |
+17,889
| New | +$575K |
|
2793
Seaboard Corp
SEB
$3.78B
| $537K | ﹤0.01% |
191
-106
| -36% | -$383K |
|
2794
Civista Bancshares
CIVB
$570M
| $534K | ﹤0.01% |
35,722
-31,761
| -47% | -$639K |
|
|
FONR
2795
DELISTED
Fonar
FONR
| $533K | ﹤0.01% |
36,426
+17,943
| +97% | +$331K |
|
|
CCF
2796
DELISTED
Chase Corporation
CCF
| $533K | ﹤0.01% |
6,473
+3,517
| +119% | +$323K |
|
|
BDXA
2797
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
| $533K | ﹤0.01% |
9,698
-2,995
| -24% | -$181K |
|
|
VTLE
2798
DELISTED
Vital Energy
VTLE
| $532K | ﹤0.01% |
69,991
-4,028
| -5% | -$117K |
|
2799
1-800-Flowers.com
FLWS
$240M
| $531K | ﹤0.01% |
+40,139
| New | +$618K |
|
2800
CALL
General Motors
GM
$75.6B
| $530K | ﹤0.01% |
25,500
-155,400
| -86% | -$4.75M |
|
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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.