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 | Healthcare | 11.91% |
| 2 | Technology | 7.43% |
| 3 | Financials | 6.52% |
| 4 | Consumer Discretionary | 5.69% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Broadcom
AVGO
$1.75T
| $32.4M | 0.07% |
1,365,290
-1,968,400
| -59% | -$55.5M |
|
277
US Bancorp
USB
$96.7B
| $32.4M | 0.07% |
939,552
-317,254
| -25% | -$15.3M |
|
278
PUT
Applied Materials
AMAT
$391B
| $32.3M | 0.07% |
705,500
-408,700
| -37% | -$23.5M |
|
|
RETA
279
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $32.1M | 0.07% |
222,306
+8,623
| +4% | +$1.66M |
|
280
CALL
Verizon
VZ
$205B
| $31.9M | 0.07% |
594,100
+129,200
| +28% | +$7.39M |
|
281
O'Reilly Automotive
ORLY
$72.1B
| $31.7M | 0.07% |
1,579,920
-129,255
| -8% | -$3.3M |
|
282
UGI
UGI
$8.06B
| $31.6M | 0.07% |
1,185,590
+873,374
| +280% | +$33.1M |
|
283
CALL
Merck
MRK
$376B
| $31.4M | 0.07% |
427,584
+265,982
| +165% | +$20.9M |
|
284
WEC Energy
WEC
$34.5B
| $31.4M | 0.07% |
356,095
+341,936
| +2,415% | +$32.9M |
|
285
CONMED
CNMD
$1.53B
| $31.2M | 0.07% |
544,030
+126,025
| +30% | +$11.6M |
|
286
Equity Lifestyle Properties
ELS
$12.7B
| $30.8M | 0.07% |
536,445
+208,240
| +63% | +$14.2M |
|
287
Eastman Chemical
EMN
$8.47B
| $30.8M | 0.07% |
660,754
-88,336
| -12% | -$5.67M |
|
|
XYZ
288
PUT
Block Inc
XYZ
$49.4B
| $30.7M | 0.07% |
587,000
+101,500
| +21% | +$6.94M |
|
289
PUT
AutoZone
AZO
$48.3B
| $30.7M | 0.07% |
36,300
-20,900
| -37% | -$21.7M |
|
290
Hartford Financial Services
HIG
$36.9B
| $30.7M | 0.07% |
+869,895
| New | +$45.3M |
|
|
FSR
291
DELISTED
Fisker Inc.
FSR
| $30.5M | 0.07% |
3,013,562
+2,621,235
| +668% | +$26.6M |
|
292
Emerson Electric
EMR
$87.7B
| $30.4M | 0.07% |
638,967
+234,768
| +58% | +$15.5M |
|
293
Kilroy Realty
KRC
$4.25B
| $30.4M | 0.07% |
477,905
+251,320
| +111% | +$19.2M |
|
294
Ascendis Pharma A/S
ASND
$16.6B
| $30.4M | 0.07% |
270,077
-218,685
| -45% | -$28.4M |
|
295
United Airlines
UAL
$36.7B
| $30.4M | 0.07% |
963,408
-622,255
| -39% | -$41.1M |
|
296
MGM Resorts International
MGM
$11B
| $30.4M | 0.07% |
2,574,819
+980,269
| +61% | +$25.2M |
|
297
PUT
Medtronic
MDT
$119B
| $30.3M | 0.07% |
336,100
-85,600
| -20% | -$9.11M |
|
298
Aflac
AFL
$58.2B
| $30.2M | 0.07% |
880,615
+813,088
| +1,204% | +$37.2M |
|
299
CALL
Bristol-Myers Squibb
BMY
$137B
| $30.1M | 0.07% |
609,600
-235,100
| -28% | -$14.4M |
|
300
NetApp
NTAP
$37.7B
| $30M | 0.07% |
718,825
+536,850
| +295% | +$27.8M |
|
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 $21.4B 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 Healthcare at 12% of assets, up from 10% a quarter earlier, followed by Technology and Financials.
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.