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 | |
|---|---|---|---|---|---|---|
3426
Korea Electric Power
KEP
$15.1B
| $154K | ﹤0.01% |
+20,417
| New | +$202K |
|
3427
LXP Industrial Trust
LXP
$3.59B
| $154K | ﹤0.01% |
3,094
-44,346
| -93% | -$2.35M |
|
3428
SFL Corp
SFL
$1.63B
| $154K | ﹤0.01% |
16,262
-306,480
| -95% | -$3.79M |
|
|
YJ
3429
Yunji
YJ
$12.8M
| $154K | ﹤0.01% |
1,051
-1,623
| -61% | -$294K |
|
|
ASAP
3430
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
| $154K | ﹤0.01% |
6,249
+5,729
| +1,102% | +$64.7K |
|
3431
Travelzoo
TZOO
$68.5M
| $153K | ﹤0.01% |
+38,886
| New | +$342K |
|
|
EXPR
3432
DELISTED
Express, Inc.
EXPR
| $150K | ﹤0.01% |
5,046
-15,667
| -76% | -$1.15M |
|
3433
Bassett Furniture
BSET
$164M
| $149K | ﹤0.01% |
+27,401
| New | +$304K |
|
|
GPX
3434
DELISTED
GP Strategies Corp.
GPX
| $149K | ﹤0.01% |
+22,904
| New | +$267K |
|
3435
Red Robin
RRGB
$182M
| $148K | ﹤0.01% |
+17,313
| New | +$453K |
|
3436
3D Systems Corp
DDD
$533M
| $146K | ﹤0.01% |
18,905
-219,989
| -92% | -$2.14M |
|
3437
MVB Financial
MVBF
$392M
| $146K | ﹤0.01% |
+11,428
| New | +$211K |
|
|
PR
3438
Permian Resources
PR
$19.5B
| $146K | ﹤0.01% |
553,515
-1,590,035
| -74% | -$4.04M |
|
3439
Tejon Ranch
TRC
$438M
| $146K | ﹤0.01% |
10,371
-7,281
| -41% | -$112K |
|
|
ESXB
3440
DELISTED
Community Bankers Trust Corporation
ESXB
| $146K | ﹤0.01% |
30,083
+16,872
| +128% | +$134K |
|
|
AUY
3441
DELISTED
Yamana Gold, Inc.
AUY
| $144K | ﹤0.01% |
+52,362
| New | +$197K |
|
3442
ReposiTrak
TRAK
$136M
| $143K | ﹤0.01% |
+37,536
| New | +$181K |
|
|
SUNS
3443
DELISTED
SLR Senior Investment Corp. Common Stock
SUNS
| $143K | ﹤0.01% |
+14,754
| New | +$234K |
|
3444
CALL
APA Corp
APA
$14.6B
| $140K | ﹤0.01% |
33,500
-112,500
| -77% | -$2.51M |
|
|
ALSK
3445
DELISTED
Alaska Communications Systems
ALSK
| $140K | ﹤0.01% |
+80,506
| New | +$154K |
|
3446
GeoPark
GPRK
$624M
| $139K | ﹤0.01% |
19,644
-86,810
| -82% | -$1.39M |
|
3447
Sonos
SONO
$1.81B
| $139K | ﹤0.01% |
16,348
-599,411
| -97% | -$7.4M |
|
3448
Melco Resorts & Entertainment
MLCO
$2.08B
| $138K | ﹤0.01% |
11,109
-2,530,788
| -100% | -$48.4M |
|
|
OSG
3449
DELISTED
Overseas Shipholding Group Inc.
OSG
| $136K | ﹤0.01% |
59,887
-39,559
| -40% | -$79.8K |
|
3450
Ranger Energy Services
RNGR
$375M
| $134K | ﹤0.01% |
33,060
-644
| -2% | -$3.95K |
|
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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.