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 | |
|---|---|---|---|---|---|---|
3326
CALL
Emerson Electric
EMR
$86.4B
| $210K | ﹤0.01% |
+4,400
| New | +$290K |
|
3327
CALL
HP
HPQ
$27B
| $210K | ﹤0.01% |
12,100
-211,000
| -95% | -$4.27M |
|
3328
Plumas Bancorp
PLBC
$428M
| $210K | ﹤0.01% |
+11,337
| New | +$274K |
|
3329
CALL
TJX Companies
TJX
$154B
| $210K | ﹤0.01% |
4,400
-56,100
| -93% | -$3.23M |
|
3330
Applied Industrial Technologies
AIT
$12.3B
| $209K | ﹤0.01% |
4,573
-39,035
| -90% | -$2.31M |
|
3331
Farmers National Banc Corp
FMNB
$925M
| $209K | ﹤0.01% |
17,959
+4,271
| +31% | +$63.2K |
|
3332
Talos Energy
TALO
$2.75B
| $209K | ﹤0.01% |
36,429
-84,877
| -70% | -$1.51M |
|
|
GMS
3333
DELISTED
GMS Inc
GMS
| $208K | ﹤0.01% |
+13,201
| New | +$313K |
|
3334
Henry Schein
HSIC
$9.99B
| $208K | ﹤0.01% |
4,120
-245,238
| -98% | -$15.6M |
|
3335
Inseego
INSG
$74.4M
| $208K | ﹤0.01% |
3,345
-8,011
| -71% | -$578K |
|
|
XONE
3336
DELISTED
The ExOne Company
XONE
| $208K | ﹤0.01% |
+32,616
| New | +$215K |
|
|
SFBS
3337
ServisFirst Bancshares
SFBS
$4.72B
| $207K | ﹤0.01% |
14,098
-18,458
| -57% | -$323K |
|
3338
Wabash National
WNC
$506M
| $207K | ﹤0.01% |
28,706
+5,111
| +22% | +$57.3K |
|
3339
Pinnacle Financial Partners Inc
PNFP
$15.2B
| $206K | ﹤0.01% |
+5,497
| New | +$298K |
|
3340
VirnetX Holding Corp
VHC
$53.9M
| $206K | ﹤0.01% |
+1,880
| New | +$178K |
|
|
HOUS
3341
DELISTED
Anywhere Real Estate
HOUS
| $205K | ﹤0.01% |
68,031
+54,510
| +403% | +$480K |
|
3342
Spire
SR
$4.92B
| $205K | ﹤0.01% |
+2,753
| New | +$221K |
|
|
VAR
3343
PUT
DELISTED
Varian Medical Systems, Inc.
VAR
| $205K | ﹤0.01% |
2,000
-8,000
| -80% | -$1.06M |
|
3344
Insteel Industries
IIIN
$589M
| $204K | ﹤0.01% |
+15,374
| New | +$305K |
|
|
SDI
3345
DELISTED
Standard Diversified Inc. Class A Common Stock
SDI
| $204K | ﹤0.01% |
+18,735
| New | +$225K |
|
3346
Dow Inc
DOW
$21.8B
| $203K | ﹤0.01% |
6,943
-2,171
| -24% | -$92.3K |
|
|
BDSI
3347
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $203K | ﹤0.01% |
53,661
-381,398
| -88% | -$1.87M |
|
3348
CALL
Eaton
ETN
$159B
| $202K | ﹤0.01% |
2,600
-2,100
| -45% | -$193K |
|
|
FLNT
3349
Fluent
FLNT
$126M
| $202K | ﹤0.01% |
28,755
+5,853
| +26% | +$80K |
|
3350
CALL
Global Payments
GPN
$24.8B
| $202K | ﹤0.01% |
+1,400
| New | +$256K |
|
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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.