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 | |
|---|---|---|---|---|---|---|
3201
STMicroelectronics
STM
$44.1B
| $267K | ﹤0.01% |
+12,483
| New | +$329K |
|
|
BRFS
3202
DELISTED
BRF SA
BRFS
| $266K | ﹤0.01% |
91,618
-1,211,899
| -93% | -$7.63M |
|
3203
ENI
E
$78B
| $266K | ﹤0.01% |
13,402
+1,200
| +10% | +$30.4K |
|
3204
Glacier Bancorp
GBCI
$6.17B
| $266K | ﹤0.01% |
7,826
-72,556
| -90% | -$2.89M |
|
3205
Sumitomo Mitsui Financial
SMFG
$160B
| $266K | ﹤0.01% |
+55,605
| New | +$358K |
|
3206
PUT
GSK
GSK
$104B
| $265K | ﹤0.01% |
5,600
-24,000
| -81% | -$1.28M |
|
3207
City Holding Co
CHCO
$2.03B
| $264K | ﹤0.01% |
3,974
-19,946
| -83% | -$1.47M |
|
3208
Cato Corp
CATO
$55.7M
| $263K | ﹤0.01% |
24,661
-44,303
| -64% | -$670K |
|
|
JBGS
3209
JBG SMITH
JBGS
$741M
| $263K | ﹤0.01% |
+8,274
| New | +$311K |
|
3210
Bristow Group
VTOL
$1.36B
| $263K | ﹤0.01% |
24,634
-12,965
| -34% | -$230K |
|
|
WUBA
3211
DELISTED
58.com Inc
WUBA
| $263K | ﹤0.01% |
5,396
-71,285
| -93% | -$4.1M |
|
|
HUIZ
3212
Huize Holding Ltd
HUIZ
$14.9M
| $262K | ﹤0.01% |
+6,383
| New | +$321K |
|
3213
The GEO Group
GEO
$4.23B
| $261K | ﹤0.01% |
21,434
-1,454
| -6% | -$22.2K |
|
|
FL
3214
CALL
DELISTED
Foot Locker
FL
| $260K | ﹤0.01% |
11,800
+400
| +4% | +$13.6K |
|
|
PPD
3215
DELISTED
PPD, Inc. Common Stock
PPD
| $260K | ﹤0.01% |
+14,614
| New | +$367K |
|
3216
PUT
3M
MMM
$92.5B
| $259K | ﹤0.01% |
+2,272
| New | +$299K |
|
|
SCPH
3217
DELISTED
scPharmaceuticals
SCPH
| $259K | ﹤0.01% |
+35,059
| New | +$254K |
|
|
MANT
3218
DELISTED
Mantech International Corp
MANT
| $259K | ﹤0.01% |
3,563
-32,528
| -90% | -$2.54M |
|
|
AY
3219
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $258K | ﹤0.01% |
11,570
-467,928
| -98% | -$12.6M |
|
3220
iShares 0-1 Year Treasury Bond ETF
SHV
$20.8B
| $257K | ﹤0.01% |
2,316
-215,816
| -99% | -$23.9M |
|
3221
CALL
Akamai
AKAM
$15.2B
| $256K | ﹤0.01% |
2,800
| – | – |
|
3222
Marriott Vacations Worldwide
VAC
$4.02B
| $256K | ﹤0.01% |
4,607
-20,828
| -82% | -$2.16M |
|
3223
Organogenesis Holdings
ORGO
$224M
| $255K | ﹤0.01% |
78,956
-82,830
| -51% | -$355K |
|
|
ITIC
3224
Investors Title Co
ITIC
$573M
| $253K | ﹤0.01% |
+1,980
| New | +$305K |
|
|
LNW
3225
DELISTED
Light & Wonder
LNW
| $253K | ﹤0.01% |
26,111
-19,328
| -43% | -$395K |
|
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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.