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 | |
|---|---|---|---|---|---|---|
2901
W&T Offshore
WTI
$552M
| $457K | ﹤0.01% |
268,999
+196,223
| +270% | +$669K |
|
2902
CALL
Johnson Controls International
JCI
$86.1B
| $456K | ﹤0.01% |
16,900
+4,600
| +37% | +$171K |
|
2903
State Street SPDR Bloomberg Short Term High Yield Bond ETF
SJNK
$4.81B
| $455K | ﹤0.01% |
19,304
+9,004
| +87% | +$234K |
|
2904
S&T Bancorp
STBA
$1.76B
| $455K | ﹤0.01% |
16,656
+8,600
| +107% | +$300K |
|
2905
Alta Equipment Group
ALTG
$202M
| $454K | ﹤0.01% |
106,344
-18,941
| -15% | -$162K |
|
2906
VolitionRx Ltd
VNRX
$7.23M
| $454K | ﹤0.01% |
+7,306
| New | +$609K |
|
|
CYBR
2907
PUT
DELISTED
CyberArk
CYBR
| $453K | ﹤0.01% |
+5,300
| New | +$611K |
|
2908
CALL
Check Point Software Technologies
CHKP
$13.6B
| $452K | ﹤0.01% |
4,500
| – | – |
|
2909
Invesco Mortgage Capital
IVR
$799M
| $452K | ﹤0.01% |
13,241
+3,055
| +30% | +$449K |
|
2910
Townsquare Media
TSQ
$106M
| $452K | ﹤0.01% |
+98,021
| New | +$811K |
|
2911
Vipshop
VIPS
$6.4B
| $452K | ﹤0.01% |
28,995
-983,897
| -97% | -$14M |
|
2912
EPAM Systems
EPAM
$5.82B
| $451K | ﹤0.01% |
2,431
-10,061
| -81% | -$2.17M |
|
|
GTT
2913
DELISTED
GTT Communications, Inc.
GTT
| $450K | ﹤0.01% |
56,648
+27,101
| +92% | +$327K |
|
2914
A10 Networks
ATEN
$1.96B
| $449K | ﹤0.01% |
72,299
-13,077
| -15% | -$83.6K |
|
2915
NBT Bancorp
NBTB
$2.67B
| $449K | ﹤0.01% |
13,869
-13,776
| -50% | -$505K |
|
|
LTRPA
2916
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $449K | ﹤0.01% |
249,434
-21,852
| -8% | -$110K |
|
|
SPNE
2917
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
| $449K | ﹤0.01% |
54,938
-59,444
| -52% | -$783K |
|
2918
BioNTech
BNTX
$28B
| $448K | ﹤0.01% |
7,673
-132,532
| -95% | -$5.16M |
|
2919
Community Health Systems
CYH
$413M
| $447K | ﹤0.01% |
133,782
-61,098
| -31% | -$248K |
|
2920
Equity Bancshares
EQBK
$1.02B
| $446K | ﹤0.01% |
+25,855
| New | +$651K |
|
2921
Movado Group
MOV
$770M
| $446K | ﹤0.01% |
+37,742
| New | +$596K |
|
2922
CALL
ASML
ASML
$666B
| $445K | ﹤0.01% |
+1,700
| New | +$484K |
|
2923
Varonis Systems
VRNS
$5.14B
| $445K | ﹤0.01% |
20,982
-122,493
| -85% | -$3.21M |
|
2924
PUT
Emerson Electric
EMR
$88B
| $443K | ﹤0.01% |
9,300
-21,900
| -70% | -$1.44M |
|
2925
State Street Financial Select Sector SPDR ETF
XLF
$56.4B
| $443K | ﹤0.01% |
21,300
-296,719
| -93% | -$8.17M |
|
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.