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 | |
|---|---|---|---|---|---|---|
826
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $10.2M | 0.02% |
230,500
-200,000
| -46% | -$10.3M |
|
827
ICU Medical
ICUI
$4.55B
| $10.2M | 0.02% |
+50,445
| New | +$9.71M |
|
|
ABMD
828
CALL
DELISTED
Abiomed Inc
ABMD
| $10.2M | 0.02% |
70,000
+18,000
| +35% | +$2.99M |
|
|
FG
829
DELISTED
FGL Holdings Ordinary Shares
FG
| $10.2M | 0.02% |
+1,036,174
| New | +$10.9M |
|
|
PXD
830
DELISTED
Pioneer Natural Resource Co.
PXD
| $10.2M | 0.02% |
144,749
-214,024
| -60% | -$25.4M |
|
831
ASML
ASML
$670B
| $10.1M | 0.02% |
38,708
-33,600
| -46% | -$9.56M |
|
|
UNVR
832
DELISTED
Univar Solutions Inc.
UNVR
| $10.1M | 0.02% |
944,318
+389,528
| +70% | +$7.23M |
|
|
LTC
833
LTC Properties
LTC
$2.18B
| $10.1M | 0.02% |
327,506
+323,032
| +7,220% | +$13.8M |
|
834
Neurocrine Biosciences
NBIX
$15.5B
| $10.1M | 0.02% |
116,800
-269,258
| -70% | -$26.4M |
|
|
MGLN
835
DELISTED
Magellan Health Services, Inc.
MGLN
| $10.1M | 0.02% |
209,533
-157,272
| -43% | -$10.1M |
|
836
PUT
NetEase
NTES
$79.2B
| $10.1M | 0.02% |
157,000
+59,000
| +60% | +$3.88M |
|
|
GNOG
837
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
| $10.1M | 0.02% |
1,028,410
+746,812
| +265% | +$7.41M |
|
|
SGEN
838
DELISTED
Seagen Inc. Common Stock
SGEN
| $10.1M | 0.02% |
87,312
-135,060
| -61% | -$15M |
|
|
CHPMU
839
DELISTED
CHP Merger Corp. Unit
CHPMU
| $10.1M | 0.02% |
1,017,749
-982,251
| -49% | -$10.1M |
|
|
TMX
840
DELISTED
Terminix Global Holdings, Inc.
TMX
| $10M | 0.02% |
371,682
-1,134,246
| -75% | -$38.7M |
|
841
Kodiak Sciences
KOD
$2.32B
| $10M | 0.02% |
210,256
+3,468
| +2% | +$208K |
|
|
842
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
| $10M | 0.02% |
226,472
+197,718
| +688% | +$10.2M |
|
843
Principal Financial Group
PFG
$23.9B
| $9.98M | 0.02% |
318,582
+148,757
| +88% | +$7.04M |
|
|
HSKA
844
DELISTED
Heska Corp
HSKA
| $9.97M | 0.02% |
180,264
+76,015
| +73% | +$6.88M |
|
845
East-West Bancorp
EWBC
$17.9B
| $9.94M | 0.02% |
+385,979
| New | +$16.1M |
|
|
SWAV
846
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $9.92M | 0.02% |
298,985
-296,870
| -50% | -$11.8M |
|
847
Peloton Interactive
PTON
$2.38B
| $9.91M | 0.02% |
373,403
+335,349
| +881% | +$9.33M |
|
848
Ligand Pharmaceuticals
LGND
$5.66B
| $9.91M | 0.02% |
218,381
+183,731
| +530% | +$10.4M |
|
849
AXIS Capital
AXS
$7.3B
| $9.9M | 0.02% |
256,211
+56,379
| +28% | +$3.15M |
|
850
Canadian Pacific Kansas City
CP
$83.5B
| $9.9M | 0.02% |
225,345
-1,356,890
| -86% | -$66.8M |
|
Similar funds
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.