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 | |
|---|---|---|---|---|---|---|
1101
ConocoPhillips
COP
$160B
| $6.7M | 0.02% |
217,625
-2,979,315
| -93% | -$152M |
|
1102
Ambarella
AMBA
$3.07B
| $6.67M | 0.02% |
+137,418
| New | +$7.88M |
|
1103
Fresenius Medical Care
FMS
$12.5B
| $6.67M | 0.02% |
203,255
+138,098
| +212% | +$5.13M |
|
1104
ICICI Bank
IBN
$106B
| $6.65M | 0.01% |
782,691
-4,489
| -0.6% | -$59.4K |
|
1105
iShares 20+ Year Treasury Bond ETF
TLT
$46.6B
| $6.64M | 0.01% |
40,277
-52,409
| -57% | -$7.81M |
|
1106
PUT
Assurant
AIZ
$14.2B
| $6.64M | 0.01% |
63,800
+3,900
| +7% | +$481K |
|
|
BROG
1107
DELISTED
Brooge Energy
BROG
| $6.61M | 0.01% |
+539,922
| New | +$5.71M |
|
|
LBRDA
1108
DELISTED
Liberty Broadband Class A
LBRDA
| $6.6M | 0.01% |
61,702
-15,645
| -20% | -$1.92M |
|
1109
Arbor Realty Trust
ABR
$979M
| $6.6M | 0.01% |
1,347,217
-248,008
| -16% | -$3.03M |
|
|
PETQ
1110
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $6.59M | 0.01% |
283,548
+215,387
| +316% | +$5.98M |
|
1111
Turning Point Brands
TPB
$1.67B
| $6.58M | 0.01% |
311,861
+24,773
| +9% | +$580K |
|
|
NSCO.WS
1112
CALL
DELISTED
Nesco Holdings, Inc. Warrants, exerciseable for Common Stock
NSCO.WS
| $6.56M | 0.01% |
2,000,000
+1,980,754
| +10,292% | +$709K |
|
1113
Gold Fields
GFI
$42.3B
| $6.55M | 0.01% |
1,379,956
+431,337
| +45% | +$2.63M |
|
1114
Healthcare Services Group
HCSG
$1.56B
| $6.55M | 0.01% |
274,162
-483,580
| -64% | -$12.4M |
|
1115
United Natural Foods
UNFI
$2.94B
| $6.55M | 0.01% |
713,101
+178,522
| +33% | +$1.42M |
|
1116
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.07B
| $6.53M | 0.01% |
320,113
+197,732
| +162% | +$6.25M |
|
1117
Palomar
PLMR
$3.5B
| $6.53M | 0.01% |
112,185
+65,029
| +138% | +$3.4M |
|
1118
Selective Insurance
SIGI
$5.52B
| $6.52M | 0.01% |
131,249
-100,028
| -43% | -$6.09M |
|
1119
Akebia Therapeutics
AKBA
$250M
| $6.52M | 0.01% |
860,215
+189,157
| +28% | +$1.47M |
|
1120
VanEck Gold Miners ETF
GDX
$32.2B
| $6.51M | 0.01% |
282,751
-57,665
| -17% | -$1.58M |
|
|
DCPH
1121
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $6.51M | 0.01% |
158,186
+101,992
| +181% | +$5.66M |
|
1122
Genworth Financial
GNW
$3.74B
| $6.5M | 0.01% |
1,957,497
+423,099
| +28% | +$1.75M |
|
|
OXFD
1123
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
| $6.5M | 0.01% |
701,359
-241
| -0% | -$3.37K |
|
1124
Starwood Property Trust
STWD
$6.03B
| $6.47M | 0.01% |
631,164
+599,036
| +1,865% | +$13.1M |
|
1125
LPL Financial
LPLA
$28.7B
| $6.45M | 0.01% |
118,572
-98,095
| -45% | -$7.91M |
|
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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.