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 | |
|---|---|---|---|---|---|---|
401
PUT
GE Aerospace
GE
$361B
| $22.4M | 0.05% |
+567,180
| New | +$30.2M |
|
|
PE
402
DELISTED
PARSLEY ENERGY INC
PE
| $22.3M | 0.05% |
3,897,690
-2,471,872
| -39% | -$33.4M |
|
403
Vertex Pharmaceuticals
VRTX
$139B
| $22.2M | 0.05% |
93,248
-304,556
| -77% | -$69.9M |
|
404
Voya Financial
VOYA
$8.86B
| $22.1M | 0.05% |
545,760
-667,138
| -55% | -$36.4M |
|
405
PUT
Seagate
STX
$193B
| $22M | 0.05% |
451,200
-35,700
| -7% | -$1.91M |
|
|
XLRN
406
DELISTED
Acceleron Pharma
XLRN
| $22M | 0.05% |
244,725
+236,287
| +2,800% | +$18.4M |
|
407
CALL
Bank of America
BAC
$431B
| $22M | 0.05% |
1,034,400
-486,300
| -32% | -$14.6M |
|
408
Highwoods Properties
HIW
$3.46B
| $21.9M | 0.05% |
618,535
-392,448
| -39% | -$17.9M |
|
|
MGP
409
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $21.9M | 0.05% |
923,446
-1,222,805
| -57% | -$34.7M |
|
|
LK
410
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $21.9M | 0.05% |
803,856
+730,554
| +997% | +$26.9M |
|
|
DFS
411
DELISTED
Discover Financial Services
DFS
| $21.7M | 0.05% |
607,902
+524,684
| +630% | +$34.8M |
|
412
HubSpot
HUBS
$12B
| $21.7M | 0.05% |
162,742
+86,846
| +114% | +$14.4M |
|
|
LSXMA
413
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $21.7M | 0.05% |
946,459
+129,028
| +16% | +$4.08M |
|
414
Western Digital
WDC
$166B
| $21.6M | 0.05% |
686,313
+646,693
| +1,632% | +$28.6M |
|
|
PINC
415
DELISTED
Premier
PINC
| $21.6M | 0.05% |
659,491
+225,569
| +52% | +$7.36M |
|
|
BLUE
416
DELISTED
bluebird bio
BLUE
| $21.6M | 0.05% |
36,234
+17,796
| +97% | +$17.3M |
|
417
AeroVironment
AVAV
$8.14B
| $21.6M | 0.05% |
+353,698
| New | +$22.1M |
|
418
Service Corp International
SCI
$11.4B
| $21.5M | 0.05% |
549,945
+541,255
| +6,228% | +$25.2M |
|
419
Accenture
ACN
$113B
| $21.4M | 0.05% |
+131,175
| New | +$25.3M |
|
420
Amcor
AMCR
$22.5B
| $21.4M | 0.05% |
+526,985
| New | +$25.2M |
|
|
SMAR
421
DELISTED
Smartsheet Inc.
SMAR
| $21.2M | 0.05% |
510,066
+415,274
| +438% | +$18.8M |
|
422
MarketAxess Holdings
MKTX
$5.71B
| $21.2M | 0.05% |
63,635
+62,961
| +9,341% | +$21.9M |
|
423
TransUnion
TRU
$16.2B
| $21.1M | 0.05% |
319,143
+105,471
| +49% | +$9.11M |
|
|
424
GE Aerospace
GE
$361B
| $21.1M | 0.05% |
533,637
-237,229
| -31% | -$12.6M |
|
425
PUT
lululemon athletica
LULU
$13.7B
| $20.9M | 0.05% |
110,500
+95,100
| +618% | +$21.3M |
|
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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.