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 | |
|---|---|---|---|---|---|---|
2876
Celestica
CLS
$40B
| $471K | ﹤0.01% |
134,453
-258,229
| -66% | -$1.78M |
|
|
RDUS
2877
CALL
DELISTED
Radius Health, Inc.
RDUS
| $471K | ﹤0.01% |
+36,200
| New | +$645K |
|
2878
PUT
Deckers Outdoor
DECK
$11.8B
| $469K | ﹤0.01% |
+21,000
| New | +$584K |
|
2879
Howmet Aerospace
HWM
$107B
| $469K | ﹤0.01% |
38,111
-57,792
| -60% | -$1.2M |
|
2880
Verra Mobility
VRRM
$670M
| $469K | ﹤0.01% |
65,722
-302,783
| -82% | -$4.03M |
|
2881
TD Synnex
SNX
$20.8B
| $468K | ﹤0.01% |
12,800
-98,976
| -89% | -$6.07M |
|
2882
PUT
Xerox
XRX
$390M
| $468K | ﹤0.01% |
24,700
-70,000
| -74% | -$2.22M |
|
|
FOE
2883
CALL
DELISTED
Ferro Corporation
FOE
| $468K | ﹤0.01% |
+50,000
| New | +$636K |
|
2884
CALL
Ubiquiti
UI
$35.9B
| $467K | ﹤0.01% |
+3,300
| New | +$504K |
|
2885
WPP
WPP
$5.6B
| $466K | ﹤0.01% |
13,794
-2,568
| -16% | -$140K |
|
2886
Nomura Holdings
NMR
$29.6B
| $465K | ﹤0.01% |
108,806
-210,788
| -66% | -$1M |
|
2887
West Bancorporation
WTBA
$484M
| $465K | ﹤0.01% |
28,439
+13,294
| +88% | +$287K |
|
|
KDNY
2888
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $465K | ﹤0.01% |
33,961
+30,812
| +978% | +$364K |
|
|
CHMI
2889
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $464K | ﹤0.01% |
74,877
-75,526
| -50% | -$990K |
|
|
ENLC
2890
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $463K | ﹤0.01% |
421,299
-131,443
| -24% | -$517K |
|
|
MORF
2891
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $461K | ﹤0.01% |
+31,378
| New | +$526K |
|
2892
Tootsie Roll Industries
TR
$3.07B
| $460K | ﹤0.01% |
15,287
-10,265
| -40% | -$289K |
|
|
SREV
2893
DELISTED
ServiceSource International, Inc.
SREV
| $460K | ﹤0.01% |
524,668
+490,724
| +1,446% | +$729K |
|
|
FPRX
2894
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $460K | ﹤0.01% |
202,666
+35,953
| +22% | +$153K |
|
2895
DHI Group
DHX
$178M
| $459K | ﹤0.01% |
212,446
-55,304
| -21% | -$148K |
|
2896
Kornit Digital
KRNT
$727M
| $459K | ﹤0.01% |
+18,433
| New | +$690K |
|
2897
Dorian LPG
LPG
$2.11B
| $458K | ﹤0.01% |
52,527
-140,090
| -73% | -$1.65M |
|
|
BGFV
2898
DELISTED
Big 5 Sporting Goods
BGFV
| $457K | ﹤0.01% |
427,479
+307,376
| +256% | +$850K |
|
2899
Tilly's
TLYS
$117M
| $457K | ﹤0.01% |
110,572
-377,668
| -77% | -$2.78M |
|
2900
PUT
Travelers Companies
TRV
$77B
| $457K | ﹤0.01% |
+4,600
| New | +$572K |
|
Similar funds
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.