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 | |
|---|---|---|---|---|---|---|
501
Carlisle Companies
CSL
$14.6B
| $17.8M | 0.04% |
141,814
-138,208
| -49% | -$20.5M |
|
502
Fate Therapeutics
FATE
$279M
| $17.7M | 0.04% |
799,035
-776,073
| -49% | -$19.6M |
|
|
SUM
503
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $17.7M | 0.04% |
1,203,220
-1,793,648
| -60% | -$34.8M |
|
504
ONE Gas
OGS
$4.95B
| $17.7M | 0.04% |
+211,631
| New | +$18.7M |
|
505
Ross Stores
ROST
$76.7B
| $17.7M | 0.04% |
203,044
-3,160
| -2% | -$337K |
|
506
Cytokinetics
CYTK
$10.7B
| $17.6M | 0.04% |
1,490,927
-1,080,630
| -42% | -$13.8M |
|
507
TechnipFMC
FTI
$30.4B
| $17.5M | 0.04% |
3,496,939
+400,371
| +13% | +$4.39M |
|
508
Fair Isaac
FICO
$25.3B
| $17.5M | 0.04% |
56,980
+28,563
| +101% | +$10.5M |
|
|
NTCO
509
DELISTED
Natura &Co Holding S.A. American Depositary Shares (each representing two Common Shares)
NTCO
| $17.5M | 0.04% |
+1,779,618
| New | +$33M |
|
510
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $17.5M | 0.04% |
296,300
-203,400
| -41% | -$15.3M |
|
511
Meritage Homes
MTH
$4.67B
| $17.5M | 0.04% |
956,366
+757,456
| +381% | +$23M |
|
512
Rockwell Automation
ROK
$48.5B
| $17.5M | 0.04% |
115,687
-92,826
| -45% | -$17.2M |
|
|
DQ
513
Daqo New Energy
DQ
$919M
| $17.4M | 0.04% |
1,499,095
+874,430
| +140% | +$10.3M |
|
514
Ametek
AME
$54.9B
| $17.4M | 0.04% |
241,009
-364,977
| -60% | -$32.9M |
|
515
United Parcel Service
UPS
$86.8B
| $17.4M | 0.04% |
185,754
+117,855
| +174% | +$12.2M |
|
516
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $17.3M | 0.04% |
140,423
-78,935
| -36% | -$10.1M |
|
517
Northern Trust
NTRS
$33.6B
| $17.3M | 0.04% |
228,769
-105,130
| -31% | -$9.64M |
|
|
KL
518
DELISTED
Kirkland Lake Gold Ltd Ordinary
KL
| $17.1M | 0.04% |
+579,067
| New | +$21.2M |
|
|
LAZR
519
DELISTED
Luminar Technologies
LAZR
| $17.1M | 0.04% |
+112,332
| New | +$17.5M |
|
520
PACCAR
PCAR
$69B
| $17.1M | 0.04% |
419,499
+393,124
| +1,491% | +$18.5M |
|
521
Goodyear
GT
$1.72B
| $17M | 0.04% |
2,918,147
-477,825
| -14% | -$5.22M |
|
522
Ecolab
ECL
$78.9B
| $17M | 0.04% |
108,964
-260,046
| -70% | -$48.9M |
|
|
SEE
523
DELISTED
Sealed Air
SEE
| $16.9M | 0.04% |
685,547
-820,489
| -54% | -$26.8M |
|
524
Philip Morris
PM
$293B
| $16.9M | 0.04% |
231,857
-1,249,230
| -84% | -$103M |
|
|
DM
525
DELISTED
Desktop Metal, Inc.
DM
| $16.9M | 0.04% |
170,000
+44,963
| +36% | +$4.49M |
|
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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.