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 | |
|---|---|---|---|---|---|---|
901
Cerus
CERS
$552M
| $9.18M | 0.02% |
1,973,873
+1,910,994
| +3,039% | +$8.65M |
|
|
CIICU
902
DELISTED
CIIG Merger Corp. Units
CIICU
| $9.16M | 0.02% |
934,735
-930,384
| -50% | -$9.46M |
|
|
MOMO
903
Hello Group
MOMO
$844M
| $9.15M | 0.02% |
422,077
-218,130
| -34% | -$6.5M |
|
904
CALL
Automatic Data Processing
ADP
$113B
| $9.14M | 0.02% |
+66,900
| New | +$10.8M |
|
|
VRT.WS
905
CALL
DELISTED
Vertiv Holdings Co Warrants, each whole warrant exercisable for one share of Class A Common Stock at
VRT.WS
| $9.14M | 0.02% |
+1,056,598
| New | +$2.84M |
|
906
eHealth
EHTH
$39.7M
| $9.14M | 0.02% |
64,879
-220,472
| -77% | -$25.3M |
|
907
Cheniere Energy
LNG
$57.3B
| $9.13M | 0.02% |
272,425
-251,439
| -48% | -$12.9M |
|
908
Sprouts Farmers Market
SFM
$7.79B
| $9.13M | 0.02% |
490,926
-308,993
| -39% | -$5.18M |
|
909
PUT
US Bancorp
USB
$97B
| $9.1M | 0.02% |
264,100
-436,900
| -62% | -$21.1M |
|
910
Rexford Industrial Realty
REXR
$8.38B
| $9.09M | 0.02% |
221,714
+1,074
| +0.5% | +$49.4K |
|
|
ALXN
911
CALL
DELISTED
Alexion Pharmaceuticals
ALXN
| $9.06M | 0.02% |
100,900
+900
| +0.9% | +$88.3K |
|
912
SPS Commerce
SPSC
$2.96B
| $9.05M | 0.02% |
194,563
-246,577
| -56% | -$13M |
|
913
SI-BONE Inc
SIBN
$907M
| $9.02M | 0.02% |
754,914
+67,791
| +10% | +$1.25M |
|
914
PUT
ConocoPhillips
COP
$160B
| $9.01M | 0.02% |
292,600
-416,300
| -59% | -$21.2M |
|
915
CarMax
KMX
$8.89B
| $9.01M | 0.02% |
167,301
+158,336
| +1,766% | +$13.4M |
|
916
Murphy USA
MUSA
$10.5B
| $8.99M | 0.02% |
106,598
+89,552
| +525% | +$9.29M |
|
917
Progress Software
PRGS
$1.8B
| $8.98M | 0.02% |
280,634
+48,729
| +21% | +$1.96M |
|
918
Axsome Therapeutics
AXSM
$10.8B
| $8.96M | 0.02% |
152,331
-352,407
| -70% | -$28.7M |
|
|
ICPT
919
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $8.92M | 0.02% |
141,662
+83,490
| +144% | +$7.5M |
|
920
HF Sinclair
DINO
$16.8B
| $8.91M | 0.02% |
363,590
-194,722
| -35% | -$7.27M |
|
|
JIH.U
921
DELISTED
Juniper Industrial Holdings, Inc. Units, each consisting of one share of Class A common stock, $0.00
JIH.U
| $8.89M | 0.02% |
875,000
-425,000
| -33% | -$4.37M |
|
922
Celanese
CE
$4.99B
| $8.87M | 0.02% |
120,894
+65,388
| +118% | +$6.47M |
|
|
LOTZ
923
DELISTED
CarLotz, Inc. Class A Common Stock
LOTZ
| $8.87M | 0.02% |
900,000
+286,355
| +47% | +$2.86M |
|
|
CALY
924
Callaway Golf Company
CALY
$2.83B
| $8.86M | 0.02% |
866,699
+306,284
| +55% | +$5.28M |
|
925
MaxLinear
MXL
$5.73B
| $8.86M | 0.02% |
759,013
+537,464
| +243% | +$9.01M |
|
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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.