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 | |
|---|---|---|---|---|---|---|
426
Lockheed Martin
LMT
$130B
| $20.9M | 0.05% |
61,682
-16,141
| -21% | -$6.35M |
|
427
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $20.9M | 0.05% |
383,188
+226,697
| +145% | +$13.8M |
|
428
Invitation Homes
INVH
$17.9B
| $20.9M | 0.05% |
975,673
-1,689,767
| -63% | -$47.9M |
|
429
Qorvo
QRVO
$8.43B
| $20.8M | 0.05% |
257,844
-316,599
| -55% | -$31.7M |
|
430
Cannae Holdings
CNNE
$672M
| $20.8M | 0.05% |
620,328
-292,164
| -32% | -$10.8M |
|
|
GHIVU
431
DELISTED
Gores Holdings IV, Inc. Unit
GHIVU
| $20.7M | 0.05% |
+2,059,900
| New | +$21.2M |
|
432
NRG Energy
NRG
$23.8B
| $20.7M | 0.05% |
760,657
-1,713,399
| -69% | -$59M |
|
433
Steel Dynamics
STLD
$32.8B
| $20.7M | 0.05% |
918,064
+147,785
| +19% | +$4.05M |
|
434
Cousins Properties
CUZ
$4.89B
| $20.7M | 0.05% |
705,774
-579,690
| -45% | -$21.5M |
|
|
MNTA
435
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $20.5M | 0.05% |
+755,070
| New | +$21M |
|
436
PUT
Coca-Cola
KO
$392B
| $20.5M | 0.05% |
463,900
-220,600
| -32% | -$11.9M |
|
437
J.M. Smucker
SJM
$13.3B
| $20.5M | 0.05% |
184,925
+112,340
| +155% | +$12M |
|
438
AMN Healthcare
AMN
$1.33B
| $20.5M | 0.05% |
355,057
+100,468
| +39% | +$6.88M |
|
439
Zai Lab
ZLAB
$2.92B
| $20.4M | 0.05% |
396,865
+365,312
| +1,158% | +$19M |
|
440
Vale
VALE
$62.1B
| $20.4M | 0.05% |
2,458,460
-148,517
| -6% | -$1.62M |
|
|
CHNG
441
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $20.4M | 0.05% |
2,039,621
+1,276,383
| +167% | +$17.8M |
|
442
Dropbox
DBX
$7.5B
| $20.3M | 0.05% |
1,123,495
-1,862
| -0.2% | -$33.9K |
|
443
Tencent Music
TME
$14.4B
| $20.3M | 0.05% |
2,021,025
+130,208
| +7% | +$1.6M |
|
444
Ameren
AEE
$29.4B
| $20.3M | 0.05% |
278,290
-3,023,439
| -92% | -$240M |
|
445
Deckers Outdoor
DECK
$12.5B
| $20.2M | 0.05% |
906,096
-98,418
| -10% | -$2.74M |
|
446
Church & Dwight Co
CHD
$23.4B
| $20.2M | 0.05% |
315,028
+194,525
| +161% | +$13.8M |
|
447
Atmos Energy
ATO
$28.2B
| $20.2M | 0.05% |
203,565
+69,216
| +52% | +$7.61M |
|
448
Teleflex
TFX
$5.88B
| $20.2M | 0.05% |
+68,934
| New | +$24.1M |
|
449
Seagate
STX
$193B
| $20.2M | 0.05% |
413,374
+27,911
| +7% | +$1.49M |
|
450
McDonald's
MCD
$192B
| $20.2M | 0.05% |
121,987
-524,518
| -81% | -$103M |
|
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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.