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 | |
|---|---|---|---|---|---|---|
|
LSEA
1226
DELISTED
Landsea Homes
LSEA
| $5.64M | 0.01% |
544,748
+269,748
| +98% | +$2.79M |
|
1227
Corning
GLW
$125B
| $5.63M | 0.01% |
274,257
+164,521
| +150% | +$4.29M |
|
1228
Sunrun
RUN
$2.15B
| $5.63M | 0.01% |
557,600
+479,571
| +615% | +$7.87M |
|
1229
Sonoco
SON
$5.68B
| $5.63M | 0.01% |
121,497
+70,523
| +138% | +$3.76M |
|
1230
CALL
eBay
EBAY
$47.7B
| $5.62M | 0.01% |
186,900
-60,300
| -24% | -$2.1M |
|
|
CLR
1231
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $5.61M | 0.01% |
734,780
-1,640,276
| -69% | -$36.6M |
|
1232
Antero Midstream
AM
$10.5B
| $5.6M | 0.01% |
2,668,418
+2,634,780
| +7,833% | +$12.6M |
|
1233
Automatic Data Processing
ADP
$112B
| $5.6M | 0.01% |
40,949
-188,732
| -82% | -$30.4M |
|
1234
DXC Technology
DXC
$1.7B
| $5.6M | 0.01% |
428,785
-453,051
| -51% | -$12M |
|
1235
PUT
United Airlines
UAL
$36.9B
| $5.58M | 0.01% |
176,900
-775,000
| -81% | -$51.2M |
|
|
SPLK
1236
DELISTED
Splunk Inc
SPLK
| $5.58M | 0.01% |
44,202
-75,838
| -63% | -$11.2M |
|
1237
iShares Core US Aggregate Bond ETF
AGG
$138B
| $5.56M | 0.01% |
48,227
-134,774
| -74% | -$15.4M |
|
|
NVO
1238
Novo Nordisk
NVO
$207B
| $5.56M | 0.01% |
184,714
-1,523,972
| -89% | -$45.4M |
|
1239
Nordic American Tanker
NAT
$1.48B
| $5.55M | 0.01% |
1,226,353
-200,140
| -14% | -$722K |
|
|
SHLL.WS
1240
CALL
DELISTED
Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common
SHLL.WS
| $5.55M | 0.01% |
565,010
+65,010
| +13% | +$29.5K |
|
1241
Emcor
EME
$33.7B
| $5.55M | 0.01% |
90,553
+74,934
| +480% | +$5.78M |
|
|
KPLTW
1242
CALL
DELISTED
Katapult Holdings Warrant
KPLTW
| $5.54M | 0.01% |
+575,000
| New | +$571K |
|
1243
International Flavors & Fragrances
IFF
$21.9B
| $5.53M | 0.01% |
54,210
-481,004
| -90% | -$59.9M |
|
1244
Zymeworks
ZYME
$2.06B
| $5.53M | 0.01% |
155,901
-290,661
| -65% | -$11.9M |
|
1245
PennyMac Financial
PFSI
$3.91B
| $5.53M | 0.01% |
250,068
+127,878
| +105% | +$4.12M |
|
1246
PUT
Norfolk Southern
NSC
$79.3B
| $5.52M | 0.01% |
37,800
+13,300
| +54% | +$2.46M |
|
1247
Under Armour Class C
UA
$2.25B
| $5.51M | 0.01% |
683,630
+549,811
| +411% | +$7.89M |
|
1248
WaFd
WAFD
$2.69B
| $5.51M | 0.01% |
212,121
+120,791
| +132% | +$3.86M |
|
|
SRDX
1249
DELISTED
Surmodics
SRDX
| $5.5M | 0.01% |
165,146
+40,882
| +33% | +$1.48M |
|
|
EBIX
1250
DELISTED
Ebix Inc
EBIX
| $5.5M | 0.01% |
362,061
-18,040
| -5% | -$514K |
|
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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.