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 | |
|---|---|---|---|---|---|---|
|
EFC
1251
Ellington Financial
EFC
$1.76B
| $5.49M | 0.01% |
961,691
+535,553
| +126% | +$8.34M |
|
1252
Bloom Energy
BE
$60.1B
| $5.49M | 0.01% |
1,049,538
+480,458
| +84% | +$4.07M |
|
1253
CALL
United States Oil Fund
USO
$2.07B
| $5.47M | 0.01% |
162,500
+100,000
| +160% | +$7.7M |
|
1254
Huazhu Hotels Group
HTHT
$15B
| $5.47M | 0.01% |
190,237
+128,581
| +209% | +$4.37M |
|
|
STL
1255
DELISTED
Sterling Bancorp
STL
| $5.46M | 0.01% |
522,978
+160,254
| +44% | +$2.76M |
|
1256
National Fuel Gas
NFG
$7.84B
| $5.46M | 0.01% |
146,364
+23,449
| +19% | +$961K |
|
|
LACQ
1257
DELISTED
Leisure Acquisition Corp.
LACQ
| $5.46M | 0.01% |
500,000
| – | – |
|
1258
Kimco Realty
KIM
$16.2B
| $5.44M | 0.01% |
+562,473
| New | +$9.66M |
|
1259
BorgWarner
BWA
$13.1B
| $5.43M | 0.01% |
+253,183
| New | +$7.32M |
|
1260
CTS Corp
CTS
$1.6B
| $5.42M | 0.01% |
217,939
+85,427
| +64% | +$2.32M |
|
1261
nVent Electric
NVT
$24.8B
| $5.42M | 0.01% |
321,374
-1,617,398
| -83% | -$37.7M |
|
1262
H.B. Fuller
FUL
$3.12B
| $5.41M | 0.01% |
+193,542
| New | +$8.13M |
|
1263
Virtus Investment Partners
VRTS
$1.13B
| $5.4M | 0.01% |
70,958
-17,537
| -20% | -$1.98M |
|
1264
Cogent Communications
CCOI
$486M
| $5.4M | 0.01% |
65,873
+57,667
| +703% | +$4.36M |
|
1265
Mattel
MAT
$4.23B
| $5.4M | 0.01% |
612,665
+394,836
| +181% | +$4.84M |
|
1266
Tenaris
TS
$27B
| $5.39M | 0.01% |
447,172
-1,505,240
| -77% | -$27.7M |
|
1267
Commault Systems
CVLT
$5.43B
| $5.39M | 0.01% |
133,082
-96,519
| -42% | -$4.17M |
|
1268
Brighthouse Financial
BHF
$2.98B
| $5.37M | 0.01% |
222,360
-300,806
| -57% | -$10.6M |
|
|
MFAC.WS
1269
CALL
DELISTED
Megalith Financial Acquisition Corp. Warrants, each warrant exercisable for one share of Class A Com
MFAC.WS
| $5.36M | 0.01% |
+521,156
| New | +$203K |
|
1270
PUT
Public Storage
PSA
$60.7B
| $5.36M | 0.01% |
+27,000
| New | +$5.78M |
|
|
VNET
1271
VNET Group
VNET
$1.84B
| $5.36M | 0.01% |
386,357
-243,429
| -39% | -$2.99M |
|
1272
Central Pacific Financial
CPF
$972M
| $5.35M | 0.01% |
336,715
-164,700
| -33% | -$4.05M |
|
1273
Golar LNG
GLNG
$5.25B
| $5.35M | 0.01% |
678,959
-448,361
| -40% | -$4.92M |
|
|
PRVB
1274
DELISTED
Provention Bio, Inc. Common Stock
PRVB
| $5.33M | 0.01% |
579,866
+542,553
| +1,454% | +$6.99M |
|
1275
First Bancorp
FBNC
$2.7B
| $5.33M | 0.01% |
230,956
-197,825
| -46% | -$6.46M |
|
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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.