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 | |
|---|---|---|---|---|---|---|
851
Agios Pharmaceuticals
AGIO
$1.95B
| $9.86M | 0.02% |
277,928
-68,275
| -20% | -$3.15M |
|
852
RBC Bearings
RBC
$15.9B
| $9.85M | 0.02% |
87,328
+83,920
| +2,462% | +$13M |
|
|
AMRN
853
Amarin Corp
AMRN
$295M
| $9.85M | 0.02% |
123,113
+46,187
| +60% | +$15.3M |
|
854
Essent Group
ESNT
$6.18B
| $9.84M | 0.02% |
373,413
+159,668
| +75% | +$7.08M |
|
|
CNCE
855
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $9.82M | 0.02% |
1,110,940
+709,310
| +177% | +$6.99M |
|
|
VIVO
856
DELISTED
Meridian Bioscience Inc
VIVO
| $9.81M | 0.02% |
1,168,385
+1,005,374
| +617% | +$8.46M |
|
857
Invesco
IVZ
$14.3B
| $9.81M | 0.02% |
1,080,703
-18,777
| -2% | -$285K |
|
858
B&G Foods
BGS
$283M
| $9.8M | 0.02% |
541,659
-356,901
| -40% | -$5.59M |
|
|
859
CALL
Danaher
DHR
$152B
| $9.77M | 0.02% |
+79,637
| New | +$10.7M |
|
860
AST SpaceMobile
ASTS
$19.5B
| $9.77M | 0.02% |
+1,000,000
| New | +$9.9M |
|
861
International Bancshares
IBOC
$4.45B
| $9.76M | 0.02% |
362,955
-696,506
| -66% | -$24.9M |
|
862
Cracker Barrel
CBRL
$1.29B
| $9.75M | 0.02% |
+117,174
| New | +$16.1M |
|
863
PUT
NRG Energy
NRG
$23.6B
| $9.74M | 0.02% |
357,500
-116,800
| -25% | -$4.02M |
|
864
Dentsply Sirona
XRAY
$2.2B
| $9.7M | 0.02% |
249,705
-527,802
| -68% | -$26.9M |
|
865
Tanger
SKT
$4.39B
| $9.69M | 0.02% |
1,937,994
+1,549,103
| +398% | +$18.9M |
|
866
Sensient Technologies
SXT
$5.83B
| $9.69M | 0.02% |
222,702
+210,944
| +1,794% | +$11.6M |
|
867
Extreme Networks
EXTR
$2.93B
| $9.68M | 0.02% |
3,132,099
+2,832,222
| +944% | +$15.7M |
|
868
8x8 Inc
EGHT
$287M
| $9.66M | 0.02% |
+697,136
| New | +$12.7M |
|
869
TC Energy
TRP
$63.7B
| $9.65M | 0.02% |
217,867
+52,253
| +32% | +$2.65M |
|
870
CALL
Waters Corp
WAT
$40B
| $9.65M | 0.02% |
53,000
+28,000
| +112% | +$5.91M |
|
|
MNR
871
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $9.65M | 0.02% |
800,645
+260,829
| +48% | +$3.61M |
|
872
American Homes 4 Rent
AMH
$12.4B
| $9.64M | 0.02% |
415,752
-1,208,009
| -74% | -$31.9M |
|
873
CALL
Costco
COST
$427B
| $9.64M | 0.02% |
33,800
-67,600
| -67% | -$20.5M |
|
874
Best Buy
BBY
$18.4B
| $9.58M | 0.02% |
168,112
-153,298
| -48% | -$12.2M |
|
|
PLAN
875
DELISTED
Anaplan, Inc.
PLAN
| $9.57M | 0.02% |
316,262
+207,035
| +190% | +$10.3M |
|
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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.