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 | |
|---|---|---|---|---|---|---|
701
Wyndham Hotels & Resorts
WH
$5.54B
| $12.4M | 0.03% |
394,721
-358,296
| -48% | -$18.2M |
|
702
Dover
DOV
$27.2B
| $12.4M | 0.03% |
148,094
+117,140
| +378% | +$12.4M |
|
703
Forward Air
FWRD
$612M
| $12.4M | 0.03% |
245,166
-15,131
| -6% | -$920K |
|
|
WNS
704
DELISTED
WNS Holdings
WNS
| $12.4M | 0.03% |
288,820
-124,087
| -30% | -$7.95M |
|
705
NXP Semiconductors
NXPI
$56.9B
| $12.4M | 0.03% |
149,331
-1,161,729
| -89% | -$136M |
|
706
FirstEnergy
FE
$26.6B
| $12.4M | 0.03% |
308,299
-787,700
| -72% | -$36.6M |
|
707
State Street
STT
$51.4B
| $12.3M | 0.03% |
230,719
-338,386
| -59% | -$23.5M |
|
|
MAPS
708
DELISTED
WM TECHNOLOGY INC A
MAPS
| $12.3M | 0.03% |
1,250,000
+395,704
| +46% | +$3.93M |
|
709
Nutrien
NTR
$35.9B
| $12.3M | 0.03% |
361,879
+12,119
| +3% | +$485K |
|
|
AXON
710
Axon Enterprise
AXON
$51B
| $12.3M | 0.03% |
173,371
-58,136
| -25% | -$4.35M |
|
711
Icon
ICLR
$13.3B
| $12.3M | 0.03% |
90,178
+49,575
| +122% | +$7.94M |
|
712
Omnicom Group
OMC
$24B
| $12.2M | 0.03% |
222,956
+164,861
| +284% | +$11.7M |
|
|
CHCT
713
Community Healthcare Trust
CHCT
$426M
| $12.2M | 0.03% |
319,509
-52,917
| -14% | -$2.3M |
|
714
Kohl's
KSS
$2B
| $12.2M | 0.03% |
838,133
+733,648
| +702% | +$27.5M |
|
715
PUT
Capital One
COF
$134B
| $12.2M | 0.03% |
241,700
-80,400
| -25% | -$7.07M |
|
716
TAL Education Group
TAL
$6.28B
| $12.2M | 0.03% |
228,598
-183,776
| -45% | -$9.89M |
|
717
Texas Roadhouse
TXRH
$13.4B
| $12.2M | 0.03% |
294,559
-554,965
| -65% | -$30.7M |
|
718
T-Mobile US
TMUS
$196B
| $12.1M | 0.03% |
143,851
-411,433
| -74% | -$34.8M |
|
719
Boston Properties
BXP
$10.8B
| $12.1M | 0.03% |
130,834
-161,851
| -55% | -$20.8M |
|
720
CALL
United Rentals
URI
$68.4B
| $12.1M | 0.03% |
117,200
+114,900
| +4,996% | +$15.2M |
|
721
Green Dot
GDOT
$766M
| $12.1M | 0.03% |
+474,753
| New | +$13.7M |
|
722
Delta Air Lines
DAL
$54.2B
| $12.1M | 0.03% |
422,474
-1,523,372
| -78% | -$75.5M |
|
|
723
CALL
Procter & Gamble
PG
$336B
| $12M | 0.03% |
+109,300
| New | +$13.1M |
|
724
Synaptics
SYNA
$3.82B
| $12M | 0.03% |
207,595
-246,755
| -54% | -$16.7M |
|
725
PUT
Linde
LIN
$225B
| $12M | 0.03% |
69,300
+4,600
| +7% | +$908K |
|
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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.