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 | |
|---|---|---|---|---|---|---|
|
RIDE
551
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $16.2M | 0.04% |
103,980
+74,393
| +251% | +$11.1M |
|
552
SiriusXM
SIRI
$9.67B
| $16.2M | 0.04% |
327,150
-367,236
| -53% | -$24M |
|
|
XEC
553
DELISTED
CIMAREX ENERGY CO
XEC
| $16.1M | 0.04% |
957,038
-310,601
| -25% | -$11.2M |
|
554
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $16M | 0.04% |
32,800
+17,800
| +119% | +$7.34M |
|
555
Super Micro Computer
SMCI
$24.1B
| $15.9M | 0.04% |
+7,484,920
| New | +$19M |
|
|
CBPO
556
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $15.9M | 0.04% |
147,566
+127,382
| +631% | +$14.6M |
|
557
ITT
ITT
$18.6B
| $15.9M | 0.04% |
351,038
+185,108
| +112% | +$11.5M |
|
558
Xcel Energy
XEL
$47.7B
| $15.9M | 0.04% |
263,563
-427,087
| -62% | -$27.8M |
|
559
CALL
Booking.com
BKNG
$158B
| $15.9M | 0.04% |
295,000
-615,000
| -68% | -$43.2M |
|
560
Wendy's
WEN
$1.72B
| $15.9M | 0.04% |
1,066,043
-542,065
| -34% | -$10.7M |
|
561
Gartner
IT
$12.4B
| $15.8M | 0.04% |
159,102
+81,380
| +105% | +$11.1M |
|
562
NVR
NVR
$16.9B
| $15.8M | 0.04% |
6,166
+4,553
| +282% | +$16.3M |
|
563
Allstate
ALL
$64.2B
| $15.8M | 0.04% |
172,355
-772,793
| -82% | -$84M |
|
564
Pegasystems
PEGA
$5.52B
| $15.8M | 0.04% |
443,446
+428,576
| +2,882% | +$18M |
|
565
Commercial Metals
CMC
$7.34B
| $15.8M | 0.04% |
999,141
-62,386
| -6% | -$1.19M |
|
|
DISH
566
DELISTED
DISH Network Corp.
DISH
| $15.7M | 0.04% |
786,618
+744,875
| +1,784% | +$24.2M |
|
567
Toll Brothers
TOL
$13.7B
| $15.6M | 0.04% |
811,863
+792,652
| +4,126% | +$30M |
|
|
CCAC.U
568
DELISTED
CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va
CCAC.U
| $15.6M | 0.04% |
+1,581,000
| New | +$15.8M |
|
|
MRSH
569
Marsh
MRSH
$91.6B
| $15.6M | 0.04% |
180,137
+62,943
| +54% | +$6.71M |
|
570
AES
AES
$10.5B
| $15.5M | 0.03% |
1,142,496
-2,304,676
| -67% | -$41.3M |
|
|
FLIR
571
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $15.5M | 0.03% |
487,231
+421,846
| +645% | +$19.8M |
|
572
CALL
Mastercard
MA
$509B
| $15.5M | 0.03% |
64,300
+15,700
| +32% | +$4.67M |
|
|
PAYA
573
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $15.5M | 0.03% |
1,550,000
+659,982
| +74% | +$6.7M |
|
574
PUT
NXP Semiconductors
NXPI
$56.9B
| $15.5M | 0.03% |
187,000
-23,400
| -11% | -$2.74M |
|
575
Prosperity Bancshares
PB
$8.75B
| $15.5M | 0.03% |
321,248
-175,842
| -35% | -$11.4M |
|
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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.