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 | |
|---|---|---|---|---|---|---|
876
Wintrust Financial
WTFC
$10.3B
| $9.55M | 0.02% |
290,722
+33,263
| +13% | +$1.85M |
|
877
New York Times
NYT
$10.8B
| $9.51M | 0.02% |
309,798
+64,926
| +27% | +$2.23M |
|
878
Herbalife
HLF
$1.34B
| $9.49M | 0.02% |
325,547
-404,618
| -55% | -$15.1M |
|
879
Hanover Insurance
THG
$7.93B
| $9.49M | 0.02% |
104,772
+90,527
| +636% | +$11.2M |
|
880
MacroGenics
MGNX
$258M
| $9.48M | 0.02% |
1,629,019
-685,812
| -30% | -$6.23M |
|
|
SGMO
881
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $9.48M | 0.02% |
+1,488,020
| New | +$11M |
|
|
CLDR
882
DELISTED
Cloudera, Inc.
CLDR
| $9.47M | 0.02% |
1,203,503
+685,329
| +132% | +$6.69M |
|
883
CareTrust REIT
CTRE
$9.38B
| $9.45M | 0.02% |
638,953
+43,407
| +7% | +$861K |
|
884
JB Hunt Transport Services
JBHT
$24.6B
| $9.44M | 0.02% |
102,341
+25,030
| +32% | +$2.6M |
|
885
Knight Transportation
KNX
$11.3B
| $9.44M | 0.02% |
287,718
-50,487
| -15% | -$1.79M |
|
886
Ericsson
ERIC
$33.4B
| $9.38M | 0.02% |
1,159,293
-600,039
| -34% | -$4.91M |
|
887
Telephone and Data Systems
TDS
$3.81B
| $9.37M | 0.02% |
559,303
-234,545
| -30% | -$5.09M |
|
888
BOK Financial
BOKF
$8.56B
| $9.37M | 0.02% |
220,138
+188,519
| +596% | +$13.3M |
|
889
Acuity Brands
AYI
$10.1B
| $9.34M | 0.02% |
109,068
+87,309
| +401% | +$9.58M |
|
890
CALL
Accenture
ACN
$114B
| $9.31M | 0.02% |
57,000
+1,400
| +3% | +$270K |
|
891
CALL
US Bancorp
USB
$97B
| $9.29M | 0.02% |
269,800
+41,200
| +18% | +$1.99M |
|
892
ResMed
RMD
$33.6B
| $9.26M | 0.02% |
+62,883
| New | +$10M |
|
893
Expedia Group
EXPE
$40.3B
| $9.26M | 0.02% |
164,586
-1,676,361
| -91% | -$161M |
|
894
Erie Indemnity
ERIE
$14B
| $9.25M | 0.02% |
62,420
+7,368
| +13% | +$1.19M |
|
895
ZTO Express
ZTO
$16.1B
| $9.24M | 0.02% |
349,011
+247,931
| +245% | +$6.01M |
|
896
Frontline
FRO
$9.77B
| $9.23M | 0.02% |
960,375
+493,180
| +106% | +$4.6M |
|
897
Essex Property Trust
ESS
$18.6B
| $9.22M | 0.02% |
41,858
-50,360
| -55% | -$14.5M |
|
|
TCO
898
DELISTED
Taubman Centers Inc.
TCO
| $9.22M | 0.02% |
+220,125
| New | +$9.17M |
|
899
Terreno Realty
TRNO
$7.45B
| $9.19M | 0.02% |
177,668
-31,551
| -15% | -$1.74M |
|
900
Petrobras
PBR
$120B
| $9.18M | 0.02% |
1,669,690
-3,262,615
| -66% | -$38.9M |
|
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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.