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 | |
|---|---|---|---|---|---|---|
676
Norfolk Southern
NSC
$78.8B
| $12.9M | 0.03% |
88,343
-712,213
| -89% | -$131M |
|
|
FREE
677
DELISTED
Whole Earth Brands, Inc. Class A Common Stock
FREE
| $12.9M | 0.03% |
1,305,531
+909,622
| +230% | +$9.17M |
|
678
Ventas
VTR
$47.7B
| $12.9M | 0.03% |
480,054
+373,364
| +350% | +$18.5M |
|
679
Rio Tinto
RIO
$171B
| $12.8M | 0.03% |
+280,802
| New | +$14.4M |
|
680
Agilent Technologies
A
$44.9B
| $12.8M | 0.03% |
178,544
-1,083,583
| -86% | -$87M |
|
681
Rigel Pharmaceuticals
RIGL
$857M
| $12.7M | 0.03% |
816,399
-36,143
| -4% | -$769K |
|
682
EPR Properties
EPR
$4.62B
| $12.7M | 0.03% |
525,171
+460,772
| +715% | +$26.4M |
|
683
CALL
Kraft Heinz
KHC
$30.3B
| $12.7M | 0.03% |
+513,900
| New | +$14.1M |
|
684
iShares MSCI EAFE ETF
EFA
$80B
| $12.7M | 0.03% |
237,770
-300,139
| -56% | -$19M |
|
685
Home Depot
HD
$335B
| $12.7M | 0.03% |
67,922
-1,029,234
| -94% | -$226M |
|
686
Expeditors International
EXPD
$24.4B
| $12.7M | 0.03% |
189,654
+117,518
| +163% | +$8.38M |
|
687
Thor Industries
THO
$4.14B
| $12.6M | 0.03% |
299,827
-107,881
| -26% | -$7.49M |
|
688
Yum China
YUMC
$16.9B
| $12.6M | 0.03% |
296,617
+21,345
| +8% | +$952K |
|
689
Trade Desk
TTD
$6.19B
| $12.6M | 0.03% |
653,200
+541,370
| +484% | +$14M |
|
690
Inovio Pharmaceuticals
INO
$122M
| $12.6M | 0.03% |
140,972
+139,576
| +9,998% | +$8.61M |
|
|
SPAQ.WS
691
CALL
DELISTED
Spartan Energy Acquisition Corp. Warrants, each whole warrant exercisable for one Class A common sto
SPAQ.WS
| $12.6M | 0.03% |
1,242,854
+647,254
| +109% | +$393K |
|
|
VAPO
692
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $12.6M | 0.03% |
83,418
+45,040
| +117% | +$4.07M |
|
693
SPDR Gold Trust
GLD
$154B
| $12.6M | 0.03% |
84,823
-714,180
| -89% | -$106M |
|
694
Neogen
NEOG
$2.61B
| $12.6M | 0.03% |
374,852
+366,270
| +4,268% | +$12M |
|
|
CTXS
695
CALL
DELISTED
Citrix Systems Inc
CTXS
| $12.6M | 0.03% |
88,700
+67,500
| +318% | +$8.05M |
|
696
Simpson Manufacturing
SSD
$7.74B
| $12.6M | 0.03% |
202,496
+55,016
| +37% | +$4.3M |
|
697
Sun Communities
SUI
$14.8B
| $12.5M | 0.03% |
100,312
-427,038
| -81% | -$64.5M |
|
698
Microvast
MVST
$309M
| $12.5M | 0.03% |
1,254,290
+450,000
| +56% | +$4.48M |
|
699
RenaissanceRe
RNR
$13.4B
| $12.5M | 0.03% |
83,664
+31,416
| +60% | +$5.59M |
|
|
HDS
700
DELISTED
HD Supply Holdings, Inc.
HDS
| $12.5M | 0.03% |
439,336
-1,006,956
| -70% | -$37.6M |
|
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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.