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 | |
|---|---|---|---|---|---|---|
|
VMW
576
DELISTED
VMware, Inc
VMW
| $15.5M | 0.03% |
127,587
+95,257
| +295% | +$13.1M |
|
577
Aon
AON
$75.3B
| $15.4M | 0.03% |
93,571
-90,055
| -49% | -$18.4M |
|
578
PUT
Lam Research
LRCX
$393B
| $15.4M | 0.03% |
641,000
-387,000
| -38% | -$11.1M |
|
579
Simon Property Group
SPG
$70.6B
| $15.3M | 0.03% |
279,405
+161,146
| +136% | +$19.3M |
|
580
CALL
Charter Communications
CHTR
$17.9B
| $15.3M | 0.03% |
35,100
+8,200
| +30% | +$4.01M |
|
|
TXNM
581
TXNM Energy Inc
TXNM
$5.9B
| $15.3M | 0.03% |
402,813
-164,869
| -29% | -$7.99M |
|
582
PUT
Duke Energy
DUK
$93.4B
| $15.3M | 0.03% |
+189,200
| New | +$17.4M |
|
|
PDM
583
Piedmont Realty Trust
PDM
$1.21B
| $15.2M | 0.03% |
862,760
+421,242
| +95% | +$9.08M |
|
584
Prudential Financial
PRU
$41.8B
| $15.2M | 0.03% |
291,823
-94,822
| -25% | -$7.54M |
|
585
ARKO Corp
ARKO
$533M
| $15.2M | 0.03% |
+1,550,299
| New | +$15.6M |
|
586
Exponent
EXPO
$3.34B
| $15.2M | 0.03% |
210,892
+186,796
| +775% | +$13.6M |
|
587
Jack in the Box
JACK
$331M
| $15.1M | 0.03% |
431,979
-916,041
| -68% | -$62.4M |
|
588
Woodward
WWD
$20.3B
| $15.1M | 0.03% |
254,679
+150,599
| +145% | +$15.6M |
|
589
KeyCorp
KEY
$23.3B
| $15.1M | 0.03% |
1,459,615
-1,757,639
| -55% | -$29.2M |
|
590
CGI
GIB
$15.5B
| $15.1M | 0.03% |
276,878
+271,958
| +5,528% | +$19.7M |
|
591
PUT
Colgate-Palmolive
CL
$72.6B
| $15M | 0.03% |
226,700
+51,600
| +29% | +$3.64M |
|
592
Walt Disney
DIS
$186B
| $15M | 0.03% |
155,700
-1,246,056
| -89% | -$158M |
|
593
CALL
Micron Technology
MU
$1.09T
| $15M | 0.03% |
356,500
-191,000
| -35% | -$9.93M |
|
594
Banco Bradesco
BBD
$33.9B
| $15M | 0.03% |
4,905,649
+4,196,872
| +592% | +$21.6M |
|
|
DMYT.U
595
DELISTED
dMY Technology Group, Inc. Units, each consisting of one share of Class A Common Stock and one-half
DMYT.U
| $14.9M | 0.03% |
+1,518,300
| New | +$15.2M |
|
596
Kinder Morgan
KMI
$69B
| $14.9M | 0.03% |
1,070,243
+344,831
| +48% | +$6.56M |
|
597
CALL
McDonald's
MCD
$192B
| $14.9M | 0.03% |
90,100
-52,100
| -37% | -$10.3M |
|
598
3M
MMM
$92.3B
| $14.9M | 0.03% |
130,134
+72,122
| +124% | +$9.49M |
|
599
Old Dominion Freight Line
ODFL
$42.8B
| $14.8M | 0.03% |
225,512
+13,100
| +6% | +$871K |
|
600
PTC
PTC
$16.8B
| $14.8M | 0.03% |
241,217
-266,880
| -53% | -$19.8M |
|
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.