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 | |
|---|---|---|---|---|---|---|
626
Oracle
ORCL
$422B
| $13.9M | 0.03% |
288,343
-2,655,468
| -90% | -$137M |
|
627
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.8B
| $13.9M | 0.03% |
958,600
-4,956,000
| -84% | -$118M |
|
628
GoDaddy
GDDY
$12.3B
| $13.9M | 0.03% |
243,760
-285,452
| -54% | -$18.9M |
|
629
PUT
Target
TGT
$75.1B
| $13.9M | 0.03% |
+149,500
| New | +$16.6M |
|
630
PUT
CSX Corp
CSX
$95.6B
| $13.9M | 0.03% |
726,900
-343,800
| -32% | -$8.03M |
|
631
Steris
STE
$23.2B
| $13.9M | 0.03% |
99,155
-372,513
| -79% | -$55.7M |
|
|
GTLS
632
DELISTED
Chart Industries
GTLS
| $13.9M | 0.03% |
478,563
+327,137
| +216% | +$17.8M |
|
633
Takeda Pharmaceutical
TAK
$58.1B
| $13.8M | 0.03% |
910,211
+572,940
| +170% | +$10.4M |
|
634
W.R. Berkley
WRB
$25.5B
| $13.8M | 0.03% |
595,512
-2,838,449
| -83% | -$84.5M |
|
635
Zions Bancorporation
ZION
$9.95B
| $13.8M | 0.03% |
515,630
-871,836
| -63% | -$35.9M |
|
|
GRUB
636
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $13.8M | 0.03% |
+169,292
| New | +$16.6M |
|
|
WBS
637
DELISTED
Webster Financial
WBS
| $13.8M | 0.03% |
602,112
+517,745
| +614% | +$21.1M |
|
638
CALL
Walt Disney
DIS
$186B
| $13.8M | 0.03% |
142,500
+52,700
| +59% | +$6.66M |
|
639
Restaurant Brands International
QSR
$28.2B
| $13.8M | 0.03% |
343,897
-660,217
| -66% | -$37.4M |
|
640
DuPont de Nemours
DD
$18.7B
| $13.7M | 0.03% |
320,430
-342,153
| -52% | -$20.9M |
|
641
Lincoln National
LNC
$8.07B
| $13.7M | 0.03% |
520,675
-331,968
| -39% | -$15.8M |
|
|
BITA
642
DELISTED
Bitauto Holdings Limited
BITA
| $13.7M | 0.03% |
1,318,753
+269,612
| +26% | +$3.76M |
|
643
NOV
NOV
$7.28B
| $13.6M | 0.03% |
1,386,353
+1,265,366
| +1,046% | +$23.9M |
|
644
CALL
Coca-Cola
KO
$392B
| $13.6M | 0.03% |
307,800
+280,600
| +1,032% | +$15.2M |
|
645
Globe Life
GL
$13.1B
| $13.6M | 0.03% |
189,157
+161,458
| +583% | +$15.2M |
|
|
K
646
DELISTED
Kellanova
K
| $13.6M | 0.03% |
241,559
-1,078,462
| -82% | -$66.1M |
|
647
Casey's General Stores
CASY
$30.9B
| $13.6M | 0.03% |
102,401
+42,688
| +71% | +$6.91M |
|
648
Euronet Worldwide
EEFT
$2.62B
| $13.5M | 0.03% |
158,037
-44,547
| -22% | -$5.9M |
|
649
Carpenter Technology
CRS
$24.4B
| $13.5M | 0.03% |
693,427
+456,750
| +193% | +$17M |
|
650
Exelixis
EXEL
$13.4B
| $13.5M | 0.03% |
785,023
+104,475
| +15% | +$1.91M |
|
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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.