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 | |
|---|---|---|---|---|---|---|
976
CALL
Lowe's Companies
LOW
$122B
| $8.19M | 0.02% |
+95,200
| New | +$10.4M |
|
977
PUT
General Motors
GM
$76.3B
| $8.17M | 0.02% |
393,300
-63,200
| -14% | -$1.93M |
|
978
H&R Block
HRB
$6.62B
| $8.17M | 0.02% |
580,119
-466,780
| -45% | -$9.78M |
|
979
FirstService
FSV
$6.32B
| $8.16M | 0.02% |
105,854
-59,108
| -36% | -$5.67M |
|
|
ENDP
980
DELISTED
Endo International plc
ENDP
| $8.14M | 0.02% |
2,200,893
+1,807,322
| +459% | +$9.15M |
|
981
Capri Holdings
CPRI
$1.55B
| $8.12M | 0.02% |
752,467
+394,625
| +110% | +$10.4M |
|
982
Clarivate
CLVT
$1.36B
| $8.11M | 0.02% |
390,942
-728,601
| -65% | -$14.6M |
|
983
Revvity
RVTY
$13.7B
| $8.1M | 0.02% |
+107,614
| New | +$9.55M |
|
|
FOE
984
DELISTED
Ferro Corporation
FOE
| $8.09M | 0.02% |
864,192
+807,155
| +1,415% | +$10.3M |
|
|
PSB
985
DELISTED
PS Business Parks, Inc.
PSB
| $8.08M | 0.02% |
59,605
+49,173
| +471% | +$7.65M |
|
986
Caesars Entertainment
CZR
$6.04B
| $8.06M | 0.02% |
559,912
+204,136
| +57% | +$9.55M |
|
|
NEE.PRP
987
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
| $8.04M | 0.02% |
+183,683
| New | +$7.7M |
|
|
ACIA
988
DELISTED
Acacia Communications Inc
ACIA
| $8.04M | 0.02% |
119,664
-88,419
| -42% | -$5.98M |
|
989
Hewlett Packard
HPE
$69.4B
| $8.03M | 0.02% |
827,094
-1,829,303
| -69% | -$24M |
|
990
Hims & Hers Health
HIMS
$7.25B
| $8.03M | 0.02% |
802,794
-2,206
| -0.3% | -$21.9K |
|
991
Kinross Gold
KGC
$39.1B
| $8.02M | 0.02% |
2,015,014
-3,402,559
| -63% | -$16.5M |
|
992
Northwest Natural Holdings
NWN
$2.11B
| $8.02M | 0.02% |
129,800
-35,788
| -22% | -$2.5M |
|
993
Halozyme
HALO
$12.3B
| $8M | 0.02% |
444,702
-610,261
| -58% | -$11.6M |
|
994
Saic
SAIC
$5.36B
| $7.98M | 0.02% |
106,984
-278,194
| -72% | -$23.2M |
|
|
GOOS
995
Canada Goose Holdings
GOOS
$809M
| $7.98M | 0.02% |
401,109
+85,881
| +27% | +$2.4M |
|
996
Microchip Technology
MCHP
$40.3B
| $7.94M | 0.02% |
234,188
-492,086
| -68% | -$23.1M |
|
997
Enphase Energy
ENPH
$4.91B
| $7.93M | 0.02% |
245,646
-197,214
| -45% | -$7.43M |
|
998
Snap-on
SNA
$20.4B
| $7.91M | 0.02% |
72,690
+71,262
| +4,990% | +$10.5M |
|
999
Red Rock Resorts
RRR
$3.59B
| $7.87M | 0.02% |
920,464
+711,657
| +341% | +$14.1M |
|
|
IOTS
1000
DELISTED
Adesto Technologies Corp
IOTS
| $7.86M | 0.02% |
702,403
+338,123
| +93% | +$3.23M |
|
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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.