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 | |
|---|---|---|---|---|---|---|
351
Suncor Energy
SU
$80B
| $25.2M | 0.06% |
1,595,141
+1,098,783
| +221% | +$28.8M |
|
352
Twist Bioscience
TWST
$9.13B
| $25.1M | 0.06% |
821,475
-321,599
| -28% | -$8.65M |
|
353
Westlake Corp
WLK
$10.1B
| $25.1M | 0.06% |
657,865
-234,805
| -26% | -$13.2M |
|
|
SAFM
354
DELISTED
Sanderson Farms Inc
SAFM
| $25.1M | 0.06% |
203,609
-202,033
| -50% | -$28.1M |
|
355
CALL
Goldman Sachs
GS
$303B
| $25M | 0.06% |
161,900
-17,600
| -10% | -$3.74M |
|
356
CALL
Cisco
CSCO
$438B
| $25M | 0.06% |
636,200
-88,600
| -12% | -$3.89M |
|
357
Oneok
OKE
$58.8B
| $25M | 0.06% |
1,146,456
+1,088,144
| +1,866% | +$66.3M |
|
358
PUT
State Street SPDR S&P Retail ETF
XRT
$491M
| $24.9M | 0.06% |
837,500
-141,700
| -14% | -$5.73M |
|
359
PUT
Dollar General
DG
$27.2B
| $24.9M | 0.06% |
165,000
-4,300
| -3% | -$664K |
|
360
Walmart Inc
WMT
$825B
| $24.9M | 0.06% |
657,069
+437,658
| +199% | +$16.8M |
|
361
PUT
Advanced Micro Devices
AMD
$773B
| $24.9M | 0.06% |
546,400
-462,600
| -46% | -$22.3M |
|
|
CMD
362
DELISTED
Cantel Medical Corporation
CMD
| $24.8M | 0.06% |
689,746
+686,646
| +22,150% | +$39M |
|
|
AVB
363
DELISTED
AvalonBay Communities
AVB
| $24.8M | 0.06% |
168,174
+165,036
| +5,259% | +$33.2M |
|
364
Booz Allen Hamilton
BAH
$9.27B
| $24.7M | 0.06% |
359,872
+53,386
| +17% | +$3.93M |
|
365
Booking.com
BKNG
$158B
| $24.7M | 0.06% |
458,225
-95,050
| -17% | -$6.67M |
|
366
Lamb Weston
LW
$7.38B
| $24.7M | 0.06% |
431,834
+183,738
| +74% | +$15.1M |
|
367
Bunge Global
BG
$21.7B
| $24.6M | 0.06% |
600,230
-532,460
| -47% | -$26M |
|
368
PUT
Union Pacific
UNP
$183B
| $24.6M | 0.06% |
174,200
+146,100
| +520% | +$24.2M |
|
369
Lam Research
LRCX
$393B
| $24.4M | 0.05% |
1,017,730
-962,680
| -49% | -$27.7M |
|
370
CALL
Abbott
ABT
$202B
| $24.3M | 0.05% |
307,700
-374,600
| -55% | -$31.3M |
|
371
Darden Restaurants
DRI
$25.2B
| $24.3M | 0.05% |
445,793
+281,728
| +172% | +$27.4M |
|
372
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $24.2M | 0.05% |
1,666,600
-5,074,000
| -75% | -$120M |
|
373
Equinix
EQIX
$105B
| $24.2M | 0.05% |
38,673
+33,541
| +654% | +$20.1M |
|
374
Masco
MAS
$14.5B
| $24.1M | 0.05% |
697,314
-571,356
| -45% | -$25M |
|
375
PUT
Monster Beverage
MNST
$93.6B
| $24.1M | 0.05% |
1,713,200
+93,600
| +6% | +$1.5M |
|
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.