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 | |
|---|---|---|---|---|---|---|
|
ACOR
3376
DELISTED
Acorda Therapeutics
ACOR
| $184K | ﹤0.01% |
1,641
+1,466
| +838% | +$289K |
|
|
OPGN
3377
DELISTED
OpGen, Inc
OPGN
| $183K | ﹤0.01% |
358
-173
| -33% | -$72.3K |
|
3378
Alpha Pro Tech
APT
$54.7M
| $182K | ﹤0.01% |
+15,072
| New | +$126K |
|
3379
Brixmor Property Group
BRX
$9.05B
| $182K | ﹤0.01% |
+19,181
| New | +$344K |
|
|
MN
3380
DELISTED
MANNING & NAPIER, INC.
MN
| $182K | ﹤0.01% |
145,396
-6,383
| -4% | -$10.7K |
|
3381
Unum
UNM
$14.2B
| $181K | ﹤0.01% |
12,055
-268,961
| -96% | -$6.47M |
|
|
SWI
3382
DELISTED
SolarWinds Corporation Common Stock
SWI
| $181K | ﹤0.01% |
10,926
-27,451
| -72% | -$507K |
|
3383
LCNB Corp
LCNB
$280M
| $180K | ﹤0.01% |
+14,281
| New | +$235K |
|
|
MESO
3384
Mesoblast
MESO
$2.23B
| $179K | ﹤0.01% |
+20,405
| New | +$313K |
|
3385
CALL
Deutsche Bank
DB
$73.4B
| $178K | ﹤0.01% |
+27,700
| New | +$230K |
|
|
UBX
3386
DELISTED
Unity Biotechnology
UBX
| $178K | ﹤0.01% |
3,077
-36,857
| -92% | -$2.32M |
|
|
VCNX
3387
DELISTED
Vaccinex, Inc. Common Stock
VCNX
| $178K | ﹤0.01% |
212
-57
| -21% | -$64.6K |
|
3388
Babcock & Wilcox
BW
$1.17B
| $177K | ﹤0.01% |
173,441
+162,209
| +1,444% | +$585K |
|
3389
PUT
TripAdvisor
TRIP
$1.18B
| $174K | ﹤0.01% |
+10,000
| New | +$253K |
|
|
ARR
3390
Armour Residential REIT
ARR
$2.32B
| $173K | ﹤0.01% |
+3,930
| New | +$336K |
|
3391
Genesco
GCO
$374M
| $173K | ﹤0.01% |
12,969
-46,746
| -78% | -$1.58M |
|
|
RDUS
3392
DELISTED
Radius Recycling
RDUS
| $173K | ﹤0.01% |
13,236
-680,516
| -98% | -$11.4M |
|
|
IEA
3393
DELISTED
Infrastructure and Energy Alternatives, Inc. Common Stock
IEA
| $172K | ﹤0.01% |
85,359
-14,468
| -14% | -$43.3K |
|
|
NWHM
3394
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $172K | ﹤0.01% |
125,453
-1,223
| -1% | -$5.31K |
|
3395
South Plains Financial
SPFI
$823M
| $171K | ﹤0.01% |
11,050
-92,959
| -89% | -$1.78M |
|
|
DMS
3396
DELISTED
Digital Media Solutions, Inc.
DMS
| $171K | ﹤0.01% |
1,109
-44,691
| -98% | -$6.95M |
|
|
RLH
3397
DELISTED
Red Lions Hotel Corporation
RLH
| $170K | ﹤0.01% |
116,380
+28,914
| +33% | +$77.4K |
|
|
ITI
3398
DELISTED
Iteris, Inc.
ITI
| $169K | ﹤0.01% |
52,724
-40,214
| -43% | -$188K |
|
3399
Avalo Therapeutics
AVTX
$1.06B
| $168K | ﹤0.01% |
+24
| New | +$254K |
|
|
NID
3400
DELISTED
NUVEEN INTERMEDIATE DURATION MUNICIPAL TERM FUND
NID
| $168K | ﹤0.01% |
+12,926
| New | +$178K |
|
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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.