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 | |
|---|---|---|---|---|---|---|
1126
SLR Investment Corp
SLRC
$693M
| $6.45M | 0.01% |
554,451
+281,719
| +103% | +$5.13M |
|
1127
Accel Entertainment
ACEL
$972M
| $6.43M | 0.01% |
857,801
+731,705
| +580% | +$8.07M |
|
1128
PUT
Qualcomm
QCOM
$166B
| $6.41M | 0.01% |
94,800
-363,700
| -79% | -$29.8M |
|
1129
Nice
NICE
$5.87B
| $6.4M | 0.01% |
44,574
-12,269
| -22% | -$1.98M |
|
1130
Aecom
ACM
$8.36B
| $6.38M | 0.01% |
213,590
-585,542
| -73% | -$25M |
|
1131
Hilltop Holdings
HTH
$2.22B
| $6.38M | 0.01% |
421,686
+290,925
| +222% | +$6.16M |
|
1132
Canadian Imperial Bank of Commerce
CM
$105B
| $6.36M | 0.01% |
219,296
-136,738
| -38% | -$5.09M |
|
|
TSG
1133
DELISTED
The Stars Group Inc.
TSG
| $6.33M | 0.01% |
310,129
-270,156
| -47% | -$6.08M |
|
1134
Synopsys
SNPS
$75.5B
| $6.32M | 0.01% |
49,074
-454,570
| -90% | -$64.7M |
|
|
BERY
1135
DELISTED
Berry Global Group, Inc.
BERY
| $6.32M | 0.01% |
204,119
-339,975
| -62% | -$12.5M |
|
1136
Hercules Capital
HTGC
$3.28B
| $6.31M | 0.01% |
826,265
+21,553
| +3% | +$281K |
|
1137
Dorman Products
DORM
$3.89B
| $6.31M | 0.01% |
114,143
+45,612
| +67% | +$3.1M |
|
1138
Arrow Electronics
ARW
$10.3B
| $6.3M | 0.01% |
121,553
-140,946
| -54% | -$10M |
|
1139
Arcus Biosciences
RCUS
$3.84B
| $6.3M | 0.01% |
453,688
+302,739
| +201% | +$3.77M |
|
1140
Sherwin-Williams
SHW
$84.2B
| $6.3M | 0.01% |
41,112
-198,126
| -83% | -$35.7M |
|
|
FBC
1141
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $6.28M | 0.01% |
316,571
-167,270
| -35% | -$5.41M |
|
|
TTCF
1142
DELISTED
Tattooed Chef, Inc Class A Common Stock
TTCF
| $6.28M | 0.01% |
610,005
| – | – |
|
1143
Lamar Advertising Co
LAMR
$15.5B
| $6.27M | 0.01% |
122,231
+119,263
| +4,018% | +$9.61M |
|
1144
Universal Health Services
UHS
$10.4B
| $6.26M | 0.01% |
63,201
-139,363
| -69% | -$17.6M |
|
|
VAR
1145
DELISTED
Varian Medical Systems, Inc.
VAR
| $6.26M | 0.01% |
60,992
-260,022
| -81% | -$34.3M |
|
1146
Castle Biosciences
CSTL
$1.02B
| $6.24M | 0.01% |
+209,449
| New | +$6.32M |
|
1147
Korn Ferry
KFY
$4.35B
| $6.24M | 0.01% |
256,502
+90,460
| +54% | +$3.33M |
|
|
MAXR
1148
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $6.23M | 0.01% |
583,693
+329,928
| +130% | +$5.16M |
|
1149
PagSeguro Digital
PAGS
$2.4B
| $6.22M | 0.01% |
321,938
-226,319
| -41% | -$6.87M |
|
|
AIMT
1150
DELISTED
Aimmune Therapeutics
AIMT
| $6.22M | 0.01% |
+431,241
| New | +$11M |
|
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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.