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 | |
|---|---|---|---|---|---|---|
2926
PUT
Under Armour
UAA
$2.18B
| $442K | ﹤0.01% |
48,000
-28,600
| -37% | -$460K |
|
2927
CALL
State Street Communication Services Select Sector SPDR ETF
XLC
$22.5B
| $442K | ﹤0.01% |
10,000
-200,000
| -95% | -$10.3M |
|
2928
Travelers Companies
TRV
$77B
| $440K | ﹤0.01% |
4,432
+89
| +2% | +$11.1K |
|
2929
Brown-Forman Class B
BF.B
$12.5B
| $438K | ﹤0.01% |
+7,893
| New | +$508K |
|
2930
Grupo Aeroportuario Centro Norte
OMAB
$4.96B
| $438K | ﹤0.01% |
16,259
-10,702
| -40% | -$560K |
|
2931
PUT
Pinduoduo
PDD
$121B
| $436K | ﹤0.01% |
+12,100
| New | +$442K |
|
2932
Westamerica Bancorp
WABC
$1.35B
| $436K | ﹤0.01% |
7,414
-24,560
| -77% | -$1.53M |
|
2933
PUT
Agnico Eagle Mines
AEM
$109B
| $434K | ﹤0.01% |
+10,900
| New | +$574K |
|
2934
Triumph Financial Inc
TFIN
$1.72B
| $432K | ﹤0.01% |
16,600
+5,192
| +46% | +$180K |
|
2935
INNOVATE Corp
VATE
$106M
| $431K | ﹤0.01% |
27,826
+9,756
| +54% | +$281K |
|
2936
Belden
BDC
$4.69B
| $430K | ﹤0.01% |
+11,909
| New | +$546K |
|
2937
Hexcel
HXL
$7.16B
| $430K | ﹤0.01% |
11,571
-47,432
| -80% | -$3.06M |
|
|
BRG
2938
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $430K | ﹤0.01% |
77,267
+25,305
| +49% | +$263K |
|
|
DISCK
2939
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $429K | ﹤0.01% |
24,460
-302,389
| -93% | -$7.8M |
|
|
MCHB
2940
Mechanics Bancorp
MCHB
$3.56B
| $427K | ﹤0.01% |
+19,205
| New | +$556K |
|
|
BRSP
2941
BrightSpire Capital
BRSP
$605M
| $423K | ﹤0.01% |
107,264
-293,377
| -73% | -$3.22M |
|
2942
CALL
Twist Bioscience
TWST
$9.6B
| $422K | ﹤0.01% |
+13,800
| New | +$371K |
|
2943
Oil States International
OIS
$523M
| $420K | ﹤0.01% |
206,888
+167,335
| +423% | +$1.54M |
|
2944
Transocean
RIG
$6.41B
| $420K | ﹤0.01% |
361,725
-1,126,839
| -76% | -$4.4M |
|
|
SCWX
2945
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $420K | ﹤0.01% |
36,485
-50,100
| -58% | -$714K |
|
|
VIA
2946
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
| $420K | ﹤0.01% |
13,410
-13,198
| -50% | -$579K |
|
2947
Northern Oil and Gas
NOG
$2.78B
| $418K | ﹤0.01% |
63,108
-294,211
| -82% | -$4.3M |
|
2948
Standex International
SXI
$3.67B
| $418K | ﹤0.01% |
8,528
+5,099
| +149% | +$335K |
|
2949
Tapestry
TPR
$24.6B
| $418K | ﹤0.01% |
32,311
-2,162,844
| -99% | -$50.7M |
|
|
NLSN
2950
DELISTED
Nielsen Holdings plc
NLSN
| $418K | ﹤0.01% |
33,352
-386,533
| -92% | -$7.24M |
|
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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.