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 | |
|---|---|---|---|---|---|---|
1051
Oaktree Specialty Lending
OCSL
$1.16B
| $7.26M | 0.02% |
747,284
+383,944
| +106% | +$5.6M |
|
1052
Acadia Healthcare
ACHC
$2.67B
| $7.25M | 0.02% |
+395,373
| New | +$11.3M |
|
|
DFNS.U
1053
DELISTED
LGL Systems Acquisition Corp. Units
DFNS.U
| $7.25M | 0.02% |
719,900
-100
| -0% | -$1.02K |
|
|
TECX
1054
Tectonic Therapeutic
TECX
$713M
| $7.25M | 0.02% |
38,800
+25,352
| +189% | +$5.97M |
|
|
WMGI
1055
PUT
DELISTED
Wright Medical Group Inc
WMGI
| $7.23M | 0.02% |
252,200
| – | – |
|
1056
Pacific Biosciences
PACB
$398M
| $7.2M | 0.02% |
2,351,297
-189,293
| -7% | -$775K |
|
1057
EnerSys
ENS
$6.76B
| $7.19M | 0.02% |
145,157
+137,106
| +1,703% | +$8.95M |
|
1058
PUT
Deere & Co
DE
$175B
| $7.18M | 0.02% |
52,000
+15,000
| +41% | +$2.37M |
|
1059
NetEase
NTES
$78.7B
| $7.14M | 0.02% |
111,310
-329,890
| -75% | -$21.7M |
|
1060
Churchill Downs
CHDN
$6.32B
| $7.13M | 0.02% |
138,434
-653,574
| -83% | -$42.1M |
|
1061
Avnet
AVT
$7.08B
| $7.12M | 0.02% |
283,519
-598,040
| -68% | -$20.4M |
|
1062
Cincinnati Financial
CINF
$26.3B
| $7.12M | 0.02% |
94,320
+36,512
| +63% | +$3.64M |
|
1063
Dycom Industries
DY
$11.4B
| $7.11M | 0.02% |
277,335
-26,920
| -9% | -$952K |
|
1064
Immunovant
IMVT
$8.95B
| $7.11M | 0.02% |
+457,076
| New | +$6.88M |
|
1065
CALL
CVS Health
CVS
$120B
| $7.09M | 0.02% |
119,500
-52,500
| -31% | -$3.5M |
|
1066
Upwork
UPWK
$1.07B
| $7.09M | 0.02% |
1,099,168
+787,893
| +253% | +$6.76M |
|
1067
Interactive Brokers
IBKR
$42.2B
| $7.08M | 0.02% |
655,992
-109,212
| -14% | -$1.32M |
|
1068
Kaiser Aluminum
KALU
$2.49B
| $7.07M | 0.02% |
102,006
+64,866
| +175% | +$6.1M |
|
1069
National Beverage
FIZZ
$3.1B
| $7.07M | 0.02% |
331,330
-600,930
| -64% | -$13.1M |
|
|
DRRX
1070
DELISTED
DURECT Corp
DRRX
| $7.06M | 0.02% |
455,403
+122,047
| +37% | +$2.34M |
|
1071
WSFS Financial
WSFS
$4.06B
| $7.05M | 0.02% |
283,051
+89,576
| +46% | +$3.24M |
|
1072
BJs Wholesale Club
BJ
$12.6B
| $7.05M | 0.02% |
276,869
+199,421
| +257% | +$4.48M |
|
1073
Fastenal
FAST
$58.8B
| $7.04M | 0.02% |
450,808
-286,828
| -39% | -$5.05M |
|
|
TRIL
1074
DELISTED
Trillium Therapeutics Inc.
TRIL
| $7.04M | 0.02% |
+1,743,530
| New | +$6.59M |
|
1075
McCormick & Company Non-Voting
MKC
$15.1B
| $7.04M | 0.02% |
99,654
+82,444
| +479% | +$6.4M |
|
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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.