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 | |
|---|---|---|---|---|---|---|
451
PUT
Match Group
MTCH
$9.38B
| $20.1M | 0.05% |
+304,100
| New | +$22.4M |
|
452
Fortive
FTV
$18.1B
| $20M | 0.05% |
575,818
-1,580,374
| -73% | -$69.1M |
|
|
CTLT
453
DELISTED
CATALENT, INC.
CTLT
| $20M | 0.04% |
384,954
-164,694
| -30% | -$8.99M |
|
|
UFS
454
DELISTED
DOMTAR CORPORATION (New)
UFS
| $20M | 0.04% |
922,171
+368,802
| +67% | +$11.7M |
|
455
Axalta
AXTA
$7.75B
| $19.9M | 0.04% |
1,155,030
-1,791,824
| -61% | -$45.8M |
|
456
CALL
Chevron
CVX
$403B
| $19.9M | 0.04% |
275,100
+108,300
| +65% | +$10.7M |
|
457
STAG Industrial
STAG
$7.07B
| $19.8M | 0.04% |
881,352
+236,237
| +37% | +$6.87M |
|
458
Campbell Soup
CPB
$7.14B
| $19.7M | 0.04% |
427,077
+291,019
| +214% | +$14M |
|
459
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $19.7M | 0.04% |
598,637
+475,541
| +386% | +$31.5M |
|
460
Keysight
KEYS
$53.8B
| $19.5M | 0.04% |
233,476
-114,897
| -33% | -$10.9M |
|
|
WWE
461
DELISTED
World Wrestling Entertainment
WWE
| $19.5M | 0.04% |
574,363
+421,365
| +275% | +$20.4M |
|
462
SSR Mining
SSRM
$7.7B
| $19.5M | 0.04% |
1,711,776
+158,846
| +10% | +$2.61M |
|
463
Royal Gold
RGLD
$21.9B
| $19.4M | 0.04% |
+221,730
| New | +$22.9M |
|
|
PRMW
464
DELISTED
Primo Water Corporation
PRMW
| $19.3M | 0.04% |
2,135,095
-779,655
| -27% | -$10.6M |
|
465
Baidu
BIDU
$31.6B
| $19.3M | 0.04% |
191,633
-396,161
| -67% | -$48.3M |
|
466
BioMarin Pharmaceuticals
BMRN
$12.9B
| $19.3M | 0.04% |
228,462
-381,353
| -63% | -$32.9M |
|
467
CenterPoint Energy
CNP
$25.5B
| $19.3M | 0.04% |
1,246,628
-987,857
| -44% | -$22.7M |
|
468
HCA Healthcare
HCA
$92.9B
| $19.3M | 0.04% |
214,277
-534,122
| -71% | -$69.2M |
|
469
Take-Two Interactive
TTWO
$44.8B
| $19.2M | 0.04% |
162,152
+43,284
| +36% | +$5.12M |
|
470
Toro Company
TTC
$9.47B
| $19.2M | 0.04% |
+294,685
| New | +$22.4M |
|
471
KB Home
KBH
$3.39B
| $19.2M | 0.04% |
1,059,517
-15,894
| -1% | -$509K |
|
472
PUT
UnitedHealth
UNH
$350B
| $19.1M | 0.04% |
76,700
-200,400
| -72% | -$55.1M |
|
473
Molina Healthcare
MOH
$10.5B
| $19.1M | 0.04% |
136,648
+81,003
| +146% | +$10.8M |
|
474
Pinduoduo
PDD
$126B
| $19M | 0.04% |
528,535
+329,639
| +166% | +$12M |
|
475
Kraft Heinz
KHC
$30.3B
| $19M | 0.04% |
769,449
+697,449
| +969% | +$19.1M |
|
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.