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 | |
|---|---|---|---|---|---|---|
801
AvePoint
AVPT
$2.81B
| $10.7M | 0.02% |
+1,095,424
| New | +$10.8M |
|
|
TVTY
802
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $10.7M | 0.02% |
1,697,452
+375,687
| +28% | +$6.06M |
|
803
TG Therapeutics
TGTX
$8.23B
| $10.7M | 0.02% |
1,084,641
-2,012,402
| -65% | -$25.4M |
|
804
Baker Hughes
BKR
$61.2B
| $10.7M | 0.02% |
1,014,973
-356,087
| -26% | -$6.69M |
|
|
SJI
805
DELISTED
South Jersey Industries, Inc.
SJI
| $10.6M | 0.02% |
425,841
-286,295
| -40% | -$8.45M |
|
806
CF Industries
CF
$19.7B
| $10.6M | 0.02% |
390,949
-497,458
| -56% | -$18.5M |
|
807
Nucor
NUE
$57.8B
| $10.6M | 0.02% |
+293,142
| New | +$13M |
|
808
Chipotle Mexican Grill
CMG
$47B
| $10.6M | 0.02% |
806,500
-1,160,700
| -59% | -$18.4M |
|
|
FISV
809
Fiserv Inc
FISV
$28.1B
| $10.5M | 0.02% |
110,999
-595,471
| -84% | -$66.1M |
|
810
CALL
Illumina
ILMN
$32.7B
| $10.5M | 0.02% |
39,681
-37,419
| -49% | -$10.5M |
|
811
Celularity
CELU
$22.4M
| $10.5M | 0.02% |
107,524
+68,452
| +175% | +$6.78M |
|
|
SPAQ.U
812
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
| $10.5M | 0.02% |
1,000,000
-1,913,563
| -66% | -$19.9M |
|
813
Brown & Brown
BRO
$24.9B
| $10.5M | 0.02% |
288,961
-625,185
| -68% | -$26.4M |
|
|
QTS
814
DELISTED
QTS REALTY TRUST, INC.
QTS
| $10.5M | 0.02% |
180,249
-12,543
| -7% | -$700K |
|
815
PUT
Delta Air Lines
DAL
$54.7B
| $10.4M | 0.02% |
364,800
-621,700
| -63% | -$30.8M |
|
|
IVC
816
DELISTED
Invacare Corporation
IVC
| $10.4M | 0.02% |
1,399,468
-119,779
| -8% | -$928K |
|
817
Copa Holdings
CPA
$5.91B
| $10.4M | 0.02% |
229,495
-23,809
| -9% | -$2.04M |
|
|
FL
818
DELISTED
Foot Locker
FL
| $10.3M | 0.02% |
468,931
-763,030
| -62% | -$25.9M |
|
|
NXRT
819
NexPoint Residential Trust
NXRT
$638M
| $10.3M | 0.02% |
409,842
-83,613
| -17% | -$3.66M |
|
|
THS
820
DELISTED
Treehouse Foods
THS
| $10.3M | 0.02% |
233,937
-47,323
| -17% | -$2.04M |
|
|
NEWR
821
DELISTED
New Relic, Inc.
NEWR
| $10.3M | 0.02% |
223,238
+61,022
| +38% | +$3.56M |
|
822
PUT
Workday
WDAY
$49.5B
| $10.3M | 0.02% |
78,900
+70,500
| +839% | +$11.9M |
|
823
Qualcomm
QCOM
$165B
| $10.2M | 0.02% |
151,248
-983,869
| -87% | -$80.7M |
|
824
Plains GP Holdings
PAGP
$5.33B
| $10.2M | 0.02% |
1,822,911
-2,000,266
| -52% | -$28.1M |
|
|
MIME
825
DELISTED
Mimecast Limited
MIME
| $10.2M | 0.02% |
288,957
+85,970
| +42% | +$3.72M |
|
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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.