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 | |
|---|---|---|---|---|---|---|
3026
Vanguard Short-Term Treasury ETF
VGSH
$30.3B
| $358K | ﹤0.01% |
5,741
-53,702
| -90% | -$3.3M |
|
|
TGH
3027
DELISTED
Textainer Group Holdings limited
TGH
| $358K | ﹤0.01% |
43,514
-196,844
| -82% | -$1.8M |
|
|
ALNA
3028
DELISTED
Allena Pharmaceuticals
ALNA
| $358K | ﹤0.01% |
371,576
-181,470
| -33% | -$363K |
|
3029
Adtran
ADTN
$645M
| $357K | ﹤0.01% |
46,487
-118,428
| -72% | -$1.01M |
|
3030
Boston Omaha
BOC
$422M
| $357K | ﹤0.01% |
+19,717
| New | +$378K |
|
3031
Imperial Oil
IMO
$63.6B
| $356K | ﹤0.01% |
+31,591
| New | +$659K |
|
3032
Park National Corp
PRK
$3.6B
| $356K | ﹤0.01% |
4,585
-325
| -7% | -$30.3K |
|
3033
Weyco Group
WEYS
$432M
| $356K | ﹤0.01% |
+17,650
| New | +$396K |
|
|
SOGP
3034
Sound Group
SOGP
$56.2M
| $355K | ﹤0.01% |
+5,072
| New | +$470K |
|
|
AGFS
3035
DELISTED
AgroFresh Solutions Inc
AGFS
| $355K | ﹤0.01% |
216,327
+12,960
| +6% | +$27.9K |
|
3036
Arcutis Biotherapeutics
ARQT
$3.16B
| $354K | ﹤0.01% |
+11,884
| New | +$319K |
|
|
TMQ
3037
Trilogy Metals
TMQ
$643M
| $354K | ﹤0.01% |
260,450
-84,960
| -25% | -$160K |
|
3038
Twilio
TWLO
$35.1B
| $354K | ﹤0.01% |
+3,952
| New | +$434K |
|
3039
Vanguard Total Bond Market
BND
$162B
| $353K | ﹤0.01% |
4,135
-138,857
| -97% | -$11.8M |
|
3040
Milestone Pharmaceuticals
MIST
$147M
| $353K | ﹤0.01% |
191,858
+162,364
| +550% | +$2.81M |
|
3041
TELA Bio
TELA
$31M
| $353K | ﹤0.01% |
45,171
-9,252
| -17% | -$125K |
|
3042
Viemed Healthcare
VMD
$355M
| $353K | ﹤0.01% |
+74,107
| New | +$367K |
|
|
TTM
3043
DELISTED
Tata Motors Limited
TTM
| $353K | ﹤0.01% |
74,737
-369,115
| -83% | -$3.7M |
|
3044
Crescent Capital BDC
CCAP
$389M
| $352K | ﹤0.01% |
+36,449
| New | +$503K |
|
3045
iShares MSCI South Korea ETF
EWY
$27.9B
| $352K | ﹤0.01% |
7,500
-12,470
| -62% | -$702K |
|
3046
Cytosorbents Corp
CTSO
$22.6M
| $351K | ﹤0.01% |
+45,469
| New | +$230K |
|
|
ONEM
3047
DELISTED
1Life Healthcare
ONEM
| $351K | ﹤0.01% |
+19,360
| New | +$424K |
|
3048
Progyny
PGNY
$2.02B
| $349K | ﹤0.01% |
16,492
-118,537
| -88% | -$3.26M |
|
|
TPHS
3049
DELISTED
Trinity Place Holdings Inc.com
TPHS
| $349K | ﹤0.01% |
191,914
-6,734
| -3% | -$19.4K |
|
|
SFUN
3050
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $349K | ﹤0.01% |
25,849
-9,816
| -28% | -$237K |
|
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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 $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.