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 | |
|---|---|---|---|---|---|---|
|
RAD
751
DELISTED
Rite Aid Corporation
RAD
| $11.6M | 0.03% |
770,277
+716,439
| +1,331% | +$10M |
|
752
American Financial Group
AFG
$11.9B
| $11.5M | 0.03% |
164,100
+54,497
| +50% | +$5.26M |
|
753
Atlassian
TEAM
$43.5B
| $11.5M | 0.03% |
83,727
-154,229
| -65% | -$21.6M |
|
754
Quanterix
QTRX
$141M
| $11.5M | 0.03% |
624,524
+100,810
| +19% | +$2.3M |
|
755
LGI Homes
LGIH
$1.35B
| $11.5M | 0.03% |
254,064
-95,458
| -27% | -$7.09M |
|
|
756
PUT
Procter & Gamble
PG
$336B
| $11.4M | 0.03% |
+104,000
| New | +$12.5M |
|
757
Globus Medical
GMED
$11.7B
| $11.4M | 0.03% |
268,741
-86,926
| -24% | -$4.29M |
|
758
First Bancorp
FBP
$4.35B
| $11.4M | 0.03% |
2,143,534
-422,607
| -16% | -$3.47M |
|
759
Freeport-McMoran
FCX
$110B
| $11.4M | 0.03% |
1,682,405
+1,402,947
| +502% | +$14.7M |
|
|
DRNA
760
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $11.4M | 0.03% |
618,085
-7,825
| -1% | -$152K |
|
761
FormFactor
FORM
$8.92B
| $11.3M | 0.03% |
564,742
-12,307
| -2% | -$294K |
|
762
Penske Automotive Group
PAG
$14.2B
| $11.3M | 0.03% |
402,772
+209,891
| +109% | +$9.13M |
|
|
FSRVU
763
DELISTED
FinServ Acquisition Corp. Unit, 1 Com, 1/2 Wt.
FSRVU
| $11.3M | 0.03% |
1,118,270
-763,419
| -41% | -$7.9M |
|
764
PUT
T-Mobile US
TMUS
$196B
| $11.3M | 0.03% |
134,300
-269,100
| -67% | -$22.8M |
|
|
AAT
765
American Assets Trust
AAT
$1.4B
| $11.3M | 0.03% |
450,695
+190,797
| +73% | +$7.72M |
|
766
Lowe's Companies
LOW
$121B
| $11.3M | 0.03% |
130,869
-47,174
| -26% | -$5.15M |
|
767
Conagra Brands
CAG
$7.89B
| $11.3M | 0.03% |
383,485
+92,013
| +32% | +$2.77M |
|
768
CALL
Philip Morris
PM
$293B
| $11.2M | 0.03% |
153,600
+59,000
| +62% | +$4.86M |
|
769
Lincoln Electric
LECO
$15.4B
| $11.2M | 0.03% |
162,255
+115,035
| +244% | +$9.86M |
|
770
Albemarle
ALB
$16.9B
| $11.2M | 0.03% |
198,567
-136,075
| -41% | -$10.4M |
|
771
InterDigital
IDCC
$8.84B
| $11.2M | 0.03% |
250,663
-227,601
| -48% | -$12M |
|
772
Skywest
SKYW
$3.93B
| $11.2M | 0.03% |
427,100
+404,158
| +1,762% | +$19.7M |
|
773
CALL
Viatris
VTRS
$18.7B
| $11.2M | 0.03% |
750,000
-292,100
| -28% | -$5.6M |
|
774
Wolverine World Wide
WWW
$1.72B
| $11.1M | 0.03% |
731,062
-141,326
| -16% | -$3.89M |
|
775
Abbott
ABT
$202B
| $11.1M | 0.03% |
140,752
-66,900
| -32% | -$5.58M |
|
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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.