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 | |
|---|---|---|---|---|---|---|
3126
Ally Financial
ALLY
$13B
| $305K | ﹤0.01% |
21,124
-71,558
| -77% | -$1.88M |
|
|
HNP
3127
DELISTED
Huaneng Power Intl, Inc.
HNP
| $305K | ﹤0.01% |
21,191
-5,361
| -20% | -$93.3K |
|
3128
Macy's
M
$5.99B
| $303K | ﹤0.01% |
+61,653
| New | +$836K |
|
3129
BRC Group Holdings
RILY
$287M
| $303K | ﹤0.01% |
+16,436
| New | +$387K |
|
3130
TTM Technologies
TTMI
$12.8B
| $303K | ﹤0.01% |
+29,336
| New | +$386K |
|
3131
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $301K | ﹤0.01% |
+2,254
| New | +$290K |
|
3132
Peabody Energy
BTU
$3.31B
| $300K | ﹤0.01% |
103,461
+56,068
| +118% | +$359K |
|
3133
CNO Financial Group
CNO
$5.04B
| $300K | ﹤0.01% |
24,203
-1,386,413
| -98% | -$22.7M |
|
3134
Itron
ITRI
$4.32B
| $300K | ﹤0.01% |
5,378
-11,700
| -69% | -$889K |
|
3135
Boise Cascade
BCC
$2.81B
| $299K | ﹤0.01% |
12,563
-260,756
| -95% | -$8.86M |
|
3136
PUT
Iovance Biotherapeutics
IOVA
$3.74B
| $299K | ﹤0.01% |
+10,000
| New | +$265K |
|
3137
Fomento Económico Mexicano
FMX
$42.2B
| $297K | ﹤0.01% |
4,915
-222,337
| -98% | -$18.8M |
|
3138
BlackRock Credit Allocation Income Trust
BTZ
$945M
| $296K | ﹤0.01% |
25,389
-110,752
| -81% | -$1.5M |
|
3139
Clearway Energy Class C
CWEN
$6.68B
| $296K | ﹤0.01% |
15,721
+1,798
| +13% | +$37.4K |
|
3140
PUT
D.R. Horton
DHI
$42.1B
| $296K | ﹤0.01% |
+8,700
| New | +$452K |
|
3141
Home BancShares
HOMB
$5.99B
| $295K | ﹤0.01% |
+24,622
| New | +$427K |
|
3142
Unisys
UIS
$189M
| $295K | ﹤0.01% |
+23,891
| New | +$306K |
|
3143
Globant
GLOB
$1.67B
| $294K | ﹤0.01% |
3,351
-8,087
| -71% | -$903K |
|
3144
CALL
iQIYI
IQ
$965M
| $294K | ﹤0.01% |
+16,500
| New | +$371K |
|
|
CHU
3145
DELISTED
China Unicom (HONG KONG) Limited
CHU
| $294K | ﹤0.01% |
49,928
-174,762
| -78% | -$1.39M |
|
|
AL
3146
DELISTED
Air Lease Corp
AL
| $291K | ﹤0.01% |
+13,144
| New | +$500K |
|
3147
CEL-SCI Corp
CVM
$28M
| $291K | ﹤0.01% |
839
+417
| +99% | +$152K |
|
|
SF
3148
Stifel
SF
$12.1B
| $291K | ﹤0.01% |
15,885
-48,505
| -75% | -$1.21M |
|
3149
CALL
Snap
SNAP
$9.25B
| $291K | ﹤0.01% |
24,500
+1,900
| +8% | +$29.2K |
|
|
ERF
3150
DELISTED
Enerplus Corporation
ERF
| $291K | ﹤0.01% |
196,461
+147,165
| +299% | +$648K |
|
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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.