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 | |
|---|---|---|---|---|---|---|
|
CDTX
3451
DELISTED
Cidara Therapeutics
CDTX
| $133K | ﹤0.01% |
2,684
-2,050
| -43% | -$123K |
|
3452
Oportun Financial
OPRT
$347M
| $133K | ﹤0.01% |
12,578
-7,343
| -37% | -$141K |
|
|
PEI
3453
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $133K | ﹤0.01% |
9,712
-6,109
| -39% | -$296K |
|
3454
MediciNova
MNOV
$76.8M
| $132K | ﹤0.01% |
35,501
-61,383
| -63% | -$319K |
|
3455
Urban One Class D
UONEK
$20.6M
| $129K | ﹤0.01% |
13,554
-150
| -1% | -$2.52K |
|
|
BVH
3456
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $129K | ﹤0.01% |
11,147
-15,367
| -58% | -$261K |
|
3457
Griffon
GFF
$4.57B
| $128K | ﹤0.01% |
10,143
-20,156
| -67% | -$364K |
|
|
PMT
3458
PennyMac Mortgage Investment
PMT
$806M
| $128K | ﹤0.01% |
12,039
-571,262
| -98% | -$11.3M |
|
3459
The Bancorp
TBBK
$2.73B
| $127K | ﹤0.01% |
20,889
-105,649
| -83% | -$1.13M |
|
|
CMO
3460
DELISTED
Capstead Mortgage Corp.
CMO
| $127K | ﹤0.01% |
30,332
-6,731
| -18% | -$48K |
|
|
RNWK
3461
DELISTED
RealNetworks Inc
RNWK
| $127K | ﹤0.01% |
173,755
-26,756
| -13% | -$29.8K |
|
|
LDL
3462
DELISTED
Lydall, Inc.
LDL
| $125K | ﹤0.01% |
+19,367
| New | +$317K |
|
|
WPG
3463
DELISTED
Washington Prime Group Inc.
WPG
| $125K | ﹤0.01% |
+17,232
| New | +$405K |
|
|
CYAD
3464
DELISTED
Celyad Oncology SA American Depositary Shares
CYAD
| $124K | ﹤0.01% |
17,018
-934
| -5% | -$8.88K |
|
|
SRG
3465
Seritage Growth Properties
SRG
$119M
| $123K | ﹤0.01% |
+13,543
| New | +$422K |
|
3466
Nephros
NEPH
$47.5M
| $122K | ﹤0.01% |
20,012
-2,489
| -11% | -$21.1K |
|
|
CLSD
3467
DELISTED
Clearside Biomedical
CLSD
| $121K | ﹤0.01% |
4,746
-11,991
| -72% | -$443K |
|
3468
PUT
APA Corp
APA
$14.6B
| $120K | ﹤0.01% |
+28,600
| New | +$637K |
|
|
SY
3469
So-Young International
SY
$241M
| $120K | ﹤0.01% |
11,732
+1,177
| +11% | +$14.4K |
|
|
TRIB
3470
Trinity Biotech
TRIB
$8.09M
| $120K | ﹤0.01% |
727
-327
| -31% | -$51.4K |
|
|
TCS
3471
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $120K | ﹤0.01% |
+3,385
| New | +$188K |
|
|
SWN
3472
DELISTED
Southwestern Energy Company
SWN
| $120K | ﹤0.01% |
71,078
-95,562
| -57% | -$166K |
|
|
KWY
3473
Kingsway Corp
KWY
$314M
| $119K | ﹤0.01% |
60,059
-5,148
| -8% | -$9.64K |
|
3474
Myers Industries
MYE
$1.26B
| $119K | ﹤0.01% |
11,088
-4,424
| -29% | -$64.5K |
|
3475
PUT
Occidental Petroleum
OXY
$58.8B
| $119K | ﹤0.01% |
10,266
-111,034
| -92% | -$3.65M |
|
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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.