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 | |
|---|---|---|---|---|---|---|
726
Sunstone Hotel Investors
SHO
$2.1B
| $12M | 0.03% |
1,374,165
-3,249,427
| -70% | -$37.8M |
|
727
Mercury Insurance
MCY
$5.85B
| $11.9M | 0.03% |
293,472
+135,246
| +85% | +$6.17M |
|
728
Zoom
ZM
$31.5B
| $11.9M | 0.03% |
81,742
-5,942
| -7% | -$586K |
|
729
PUT
MetLife
MET
$60B
| $11.9M | 0.03% |
389,800
-179,600
| -32% | -$7.96M |
|
730
WD-40
WDFC
$2.91B
| $11.9M | 0.03% |
59,293
+43,431
| +274% | +$8.18M |
|
731
CALL
Vertex Pharmaceuticals
VRTX
$139B
| $11.9M | 0.03% |
50,000
-50,000
| -50% | -$11.5M |
|
|
SYNH
732
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $11.9M | 0.03% |
301,529
-231,615
| -43% | -$13.5M |
|
733
National Health Investors
NHI
$3.6B
| $11.8M | 0.03% |
238,716
+54,944
| +30% | +$4.17M |
|
|
EQC
734
DELISTED
Equity Commonwealth
EQC
| $11.8M | 0.03% |
372,682
+106,404
| +40% | +$3.41M |
|
|
SAIL
735
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $11.8M | 0.03% |
774,462
-73,246
| -9% | -$1.66M |
|
736
PBF Energy
PBF
$8.72B
| $11.8M | 0.03% |
1,663,537
-581,926
| -26% | -$13.1M |
|
737
F5
FFIV
$21.8B
| $11.8M | 0.03% |
110,264
+88,181
| +399% | +$10.8M |
|
|
KEM
738
DELISTED
KEMET Corporation
KEM
| $11.7M | 0.03% |
485,595
-104,608
| -18% | -$2.65M |
|
739
J&J Snack Foods
JJSF
$1.64B
| $11.7M | 0.03% |
96,922
-14,250
| -13% | -$2.3M |
|
740
AutoZone
AZO
$48.3B
| $11.7M | 0.03% |
13,839
-68,192
| -83% | -$70.9M |
|
|
ZNGA
741
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $11.7M | 0.03% |
1,708,551
-4,947,572
| -74% | -$32.5M |
|
742
iRhythm Holdings
IRTC
$4.24B
| $11.7M | 0.03% |
143,368
-442,488
| -76% | -$36.7M |
|
743
Under Armour
UAA
$2.32B
| $11.7M | 0.03% |
+1,265,821
| New | +$20.3M |
|
|
IPHI
744
DELISTED
INPHI CORPORATION
IPHI
| $11.6M | 0.03% |
147,062
+2,114
| +1% | +$164K |
|
|
FOLD
745
DELISTED
Amicus Therapeutics
FOLD
| $11.6M | 0.03% |
1,258,174
-556,387
| -31% | -$5.29M |
|
746
Palo Alto Networks
PANW
$292B
| $11.6M | 0.03% |
425,454
-52,980
| -11% | -$1.85M |
|
747
AptarGroup
ATR
$8.57B
| $11.6M | 0.03% |
116,683
+11,043
| +10% | +$1.2M |
|
748
Assurant
AIZ
$14B
| $11.6M | 0.03% |
111,432
-4,818
| -4% | -$594K |
|
|
BMTX
749
DELISTED
BM Technologies, Inc.
BMTX
| $11.6M | 0.03% |
1,125,000
+875,000
| +350% | +$9M |
|
750
Chemed
CHE
$7.07B
| $11.6M | 0.03% |
26,694
+24,422
| +1,075% | +$10.9M |
|
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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.