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 | |
|---|---|---|---|---|---|---|
|
AMTD
1001
DELISTED
TD Ameritrade Holding Corp
AMTD
| $7.86M | 0.02% |
226,686
-274,780
| -55% | -$12M |
|
1002
Cerence
CRNC
$342M
| $7.83M | 0.02% |
+508,476
| New | +$10.7M |
|
1003
Cboe Global Markets
CBOE
$32.2B
| $7.82M | 0.02% |
87,629
+47,901
| +121% | +$5.36M |
|
1004
LivaNova
LIVN
$4.31B
| $7.8M | 0.02% |
172,330
+168,746
| +4,708% | +$10.9M |
|
1005
StoneCo
STNE
$2.2B
| $7.79M | 0.02% |
+357,905
| New | +$13.6M |
|
1006
CALL
Chipotle Mexican Grill
CMG
$48.1B
| $7.79M | 0.02% |
595,000
+130,000
| +28% | +$2.06M |
|
|
ID
1007
DELISTED
PARTS iD, Inc.
ID
| $7.78M | 0.02% |
749,993
+1
| +0% | +$10 |
|
1008
Eaton
ETN
$159B
| $7.78M | 0.02% |
100,077
-45,470
| -31% | -$4.17M |
|
|
GRA
1009
DELISTED
W.R. Grace & Co.
GRA
| $7.77M | 0.02% |
218,363
-958,068
| -81% | -$54.7M |
|
1010
Copart
CPRT
$30.8B
| $7.77M | 0.02% |
453,372
-629,600
| -58% | -$14M |
|
|
MBT
1011
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $7.75M | 0.02% |
1,020,334
+136,074
| +15% | +$1.3M |
|
1012
First Industrial Realty Trust
FR
$8.41B
| $7.73M | 0.02% |
+232,698
| New | +$9.23M |
|
1013
Monolithic Power Systems
MPWR
$63.2B
| $7.72M | 0.02% |
46,127
-13,827
| -23% | -$2.37M |
|
1014
CALL
Norfolk Southern
NSC
$79.3B
| $7.69M | 0.02% |
+52,700
| New | +$9.73M |
|
1015
Silicon Laboratories
SLAB
$7.28B
| $7.69M | 0.02% |
90,086
+15,806
| +21% | +$1.57M |
|
|
ACC
1016
DELISTED
American Campus Communities, Inc.
ACC
| $7.66M | 0.02% |
275,959
-107,045
| -28% | -$4.47M |
|
1017
Apogee Enterprises
APOG
$863M
| $7.65M | 0.02% |
367,455
+125,569
| +52% | +$3.67M |
|
1018
Nexstar Media Group
NXST
$5.74B
| $7.64M | 0.02% |
132,411
+65,163
| +97% | +$6.89M |
|
|
BRMK
1019
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $7.63M | 0.02% |
1,014,977
+766,172
| +308% | +$8.44M |
|
|
ADN
1020
DELISTED
Advent Technologies
ADN
| $7.62M | 0.02% |
25,000
| – | – |
|
1021
QuidelOrtho
QDEL
$994M
| $7.59M | 0.02% |
77,555
-143,932
| -65% | -$11.6M |
|
1022
John Wiley & Sons Class A
WLY
$2.7B
| $7.57M | 0.02% |
201,910
+99,001
| +96% | +$4.15M |
|
1023
Aaon
AAON
$6.27B
| $7.55M | 0.02% |
234,492
+211,060
| +901% | +$7.36M |
|
1024
ABM Industries
ABM
$2.75B
| $7.55M | 0.02% |
+310,090
| New | +$10.7M |
|
1025
Inspire Medical Systems
INSP
$1.78B
| $7.55M | 0.02% |
+125,317
| New | +$9.27M |
|
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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.