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 | |
|---|---|---|---|---|---|---|
526
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.5B
| $16.9M | 0.04% |
517,300
-77,500
| -13% | -$3.79M |
|
527
PUT
JD.com
JD
$39.7B
| $16.8M | 0.04% |
415,900
+91,400
| +28% | +$3.65M |
|
528
Bausch Health
BHC
$2.41B
| $16.8M | 0.04% |
+1,084,205
| New | +$26.1M |
|
|
HMSY
529
DELISTED
HMS Holdings Corp.
HMSY
| $16.8M | 0.04% |
664,301
+594,161
| +847% | +$15.5M |
|
530
Zoetis
ZTS
$32.1B
| $16.8M | 0.04% |
142,542
-228,001
| -62% | -$30M |
|
|
DFPHU
531
DELISTED
DFP Healthcare Acquisitions Corp. Unit
DFPHU
| $16.7M | 0.04% |
+1,700,000
| New | +$16.7M |
|
532
PPG Industries
PPG
$25.3B
| $16.7M | 0.04% |
200,056
+27,601
| +16% | +$3.07M |
|
|
TWTR
533
DELISTED
Twitter, Inc.
TWTR
| $16.7M | 0.04% |
680,188
+561,210
| +472% | +$18.2M |
|
534
Cisco
CSCO
$438B
| $16.7M | 0.04% |
423,752
-504,482
| -54% | -$22.1M |
|
535
LyondellBasell Industries
LYB
$21.8B
| $16.7M | 0.04% |
335,615
+294,908
| +724% | +$21.7M |
|
536
PUT
American Express
AXP
$227B
| $16.6M | 0.04% |
194,300
-151,000
| -44% | -$17.6M |
|
|
WCN
537
Waste Connections
WCN
$42.6B
| $16.6M | 0.04% |
214,605
-146,294
| -41% | -$13.8M |
|
538
Republic Services
RSG
$67.6B
| $16.6M | 0.04% |
+220,791
| New | +$20M |
|
|
ZGNX
539
DELISTED
Zogenix, Inc.
ZGNX
| $16.6M | 0.04% |
669,439
+412,665
| +161% | +$15M |
|
|
CONE
540
DELISTED
CyrusOne Inc Common Stock
CONE
| $16.5M | 0.04% |
267,228
+30,028
| +13% | +$1.83M |
|
541
Grand Canyon Education
LOPE
$3.84B
| $16.5M | 0.04% |
216,048
+60,963
| +39% | +$5.02M |
|
542
Travere Therapeutics
TVTX
$6.19B
| $16.5M | 0.04% |
1,127,874
-596,411
| -35% | -$8.97M |
|
543
PUT
CVS Health
CVS
$119B
| $16.4M | 0.04% |
277,200
-308,500
| -53% | -$20.6M |
|
544
Puma Biotechnology
PBYI
$477M
| $16.4M | 0.04% |
1,947,825
+97,519
| +5% | +$947K |
|
545
The Ensign Group
ENSG
$10.5B
| $16.4M | 0.04% |
436,587
-35,529
| -8% | -$1.56M |
|
|
SCHW
546
Charles Schwab
SCHW
$194B
| $16.4M | 0.04% |
488,022
-759,830
| -61% | -$31.9M |
|
547
Viatris
VTRS
$18.7B
| $16.4M | 0.04% |
1,100,401
-2,160,984
| -66% | -$41.4M |
|
548
Utz Brands
UTZ
$1.24B
| $16.4M | 0.04% |
1,599,998
+1,399,998
| +700% | +$14.8M |
|
|
MASI
549
DELISTED
Masimo
MASI
| $16.3M | 0.04% |
92,218
+87,641
| +1,915% | +$15M |
|
|
EE
550
DELISTED
El Paso Electric Company
EE
| $16.3M | 0.04% |
239,655
+48,766
| +26% | +$3.3M |
|
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.