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 | |
|---|---|---|---|---|---|---|
301
Huntington Bancshares
HBAN
$34.4B
| $30M | 0.07% |
+3,648,958
| New | +$44.9M |
|
302
Pultegroup
PHM
$24.6B
| $29.9M | 0.07% |
1,341,375
+415,055
| +45% | +$16M |
|
303
SEI Investments
SEIC
$13.1B
| $29.8M | 0.07% |
+642,388
| New | +$38.2M |
|
|
304
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $29.7M | 0.07% |
115,105
-12,746,006
| -99% | -$3.89B |
|
305
KLA
KLAC
$240B
| $29.6M | 0.07% |
2,062,410
+1,973,210
| +2,212% | +$31.8M |
|
306
Encompass Health
EHC
$11.9B
| $29.4M | 0.07% |
577,974
-438,044
| -43% | -$25.3M |
|
307
IDEX
IEX
$17.3B
| $29.4M | 0.07% |
212,559
-105,717
| -33% | -$16.6M |
|
308
Agree Realty
ADC
$9.19B
| $29.2M | 0.07% |
472,422
+19,472
| +4% | +$1.39M |
|
309
Alexandria Real Estate Equities
ARE
$9.21B
| $29.1M | 0.07% |
212,274
-137,895
| -39% | -$21.6M |
|
310
Perrigo
PRGO
$1.98B
| $28.9M | 0.07% |
601,969
+595,844
| +9,728% | +$32M |
|
|
CTXS
311
PUT
DELISTED
Citrix Systems Inc
CTXS
| $28.8M | 0.06% |
203,200
+35,500
| +21% | +$4.23M |
|
312
Cencora
COR
$60.7B
| $28.5M | 0.06% |
321,515
+312,868
| +3,618% | +$27.6M |
|
313
Cintas
CTAS
$81.6B
| $28.2M | 0.06% |
650,636
-248,392
| -28% | -$16.2M |
|
314
NiSource
NI
$19.5B
| $28.2M | 0.06% |
1,127,670
-3,063,907
| -73% | -$84.7M |
|
315
CALL
PepsiCo
PEP
$196B
| $28.1M | 0.06% |
234,000
-80,900
| -26% | -$10.9M |
|
316
CALL
Home Depot
HD
$335B
| $28.1M | 0.06% |
150,400
+62,500
| +71% | +$13.7M |
|
317
CALL
Intel
INTC
$476B
| $28M | 0.06% |
516,500
-11,600
| -2% | -$686K |
|
318
PUT
Pfizer
PFE
$160B
| $27.8M | 0.06% |
896,322
+810,632
| +946% | +$27.6M |
|
319
State Street Materials Select Sector SPDR ETF
XLB
$8.87B
| $27.7M | 0.06% |
1,231,502
+1,001,738
| +436% | +$27.5M |
|
320
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $27.6M | 0.06% |
312,137
+161,350
| +107% | +$15.7M |
|
321
PUT
Intuitive Surgical
ISRG
$134B
| $27.6M | 0.06% |
167,400
| – | – |
|
322
Centene
CNC
$32.1B
| $27.6M | 0.06% |
463,934
+184,128
| +66% | +$11.2M |
|
323
Nomad Foods
NOMD
$1.65B
| $27.6M | 0.06% |
1,484,842
-536,938
| -27% | -$10.4M |
|
324
iShares Biotechnology ETF
IBB
$10.7B
| $27.5M | 0.06% |
255,529
-28,574
| -10% | -$3.29M |
|
325
Arthur J. Gallagher & Co
AJG
$67.6B
| $27.4M | 0.06% |
335,840
+180,323
| +116% | +$17.3M |
|
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.