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 | |
|---|---|---|---|---|---|---|
376
FedEx
FDX
$76.9B
| $24.1M | 0.05% |
198,551
-344,340
| -63% | -$48.5M |
|
377
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $24M | 0.05% |
194,000
+129,000
| +198% | +$16.4M |
|
378
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $23.9M | 0.05% |
488,200
-5,139,000
| -91% | -$303M |
|
|
THBR
379
DELISTED
Thunder Bridge Acquisition II, Ltd. Class A Ordinary Shares
THBR
| $23.8M | 0.05% |
2,415,424
+1,725,247
| +250% | +$17.1M |
|
|
WORK
380
DELISTED
Slack Technologies, Inc.
WORK
| $23.8M | 0.05% |
885,801
+837,836
| +1,747% | +$20.2M |
|
381
Avient
AVNT
$4.1B
| $23.7M | 0.05% |
1,246,983
-880,104
| -41% | -$24.6M |
|
382
Bilibili
BILI
$7.14B
| $23.6M | 0.05% |
1,008,411
+641,452
| +175% | +$15.5M |
|
383
Sea Limited
SE
$72B
| $23.6M | 0.05% |
532,521
-143,231
| -21% | -$6.42M |
|
384
Ulta Beauty
ULTA
$22.4B
| $23.5M | 0.05% |
133,914
+1,683
| +1% | +$420K |
|
385
Teladoc Health
TDOC
$1.16B
| $23.5M | 0.05% |
151,447
+113,438
| +298% | +$13.2M |
|
|
GB
386
DELISTED
Global Blue Group Holding
GB
| $23.5M | 0.05% |
2,319,253
+2,168,753
| +1,441% | +$22.7M |
|
|
DNKN
387
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $23.4M | 0.05% |
441,064
-158,923
| -26% | -$11M |
|
|
MLNX
388
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $23.2M | 0.05% |
191,206
-332,170
| -63% | -$39.1M |
|
|
TWTR
389
PUT
DELISTED
Twitter, Inc.
TWTR
| $23.1M | 0.05% |
942,500
+596,700
| +173% | +$19.3M |
|
390
PUT
Lowe's Companies
LOW
$121B
| $23.1M | 0.05% |
+268,600
| New | +$29.3M |
|
391
CALL
Eli Lilly
LLY
$1.12T
| $23.1M | 0.05% |
+166,300
| New | +$22.8M |
|
392
Reliance Steel & Aluminium
RS
$19.8B
| $23.1M | 0.05% |
263,268
+256,658
| +3,883% | +$27.4M |
|
393
AB InBev
BUD
$155B
| $22.9M | 0.05% |
519,831
+419,695
| +419% | +$27.4M |
|
394
Diamondback Energy
FANG
$59B
| $22.9M | 0.05% |
875,108
+367,679
| +72% | +$23.2M |
|
395
Biogen
BIIB
$32B
| $22.9M | 0.05% |
72,335
-447,279
| -86% | -$136M |
|
396
Dick's Sporting Goods
DKS
$16.4B
| $22.8M | 0.05% |
1,071,957
+265,843
| +33% | +$10.2M |
|
397
The Mosaic Company
MOS
$7.76B
| $22.7M | 0.05% |
2,096,927
+1,914,663
| +1,050% | +$32.5M |
|
398
CMS Energy
CMS
$21.4B
| $22.7M | 0.05% |
385,846
-1,076,500
| -74% | -$68.9M |
|
399
Agnico Eagle Mines
AEM
$109B
| $22.6M | 0.05% |
567,158
+372,538
| +191% | +$19.6M |
|
400
SLB Ltd
SLB
$79.9B
| $22.5M | 0.05% |
1,668,585
+1,617,263
| +3,151% | +$46.8M |
|
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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.