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 | |
|---|---|---|---|---|---|---|
1276
Douglas Dynamics
PLOW
$961M
| $5.33M | 0.01% |
149,973
+22,569
| +18% | +$1.06M |
|
1277
First Horizon
FHN
$11.6B
| $5.32M | 0.01% |
660,189
-2,218,442
| -77% | -$30.8M |
|
1278
NNN REIT
NNN
$8.89B
| $5.3M | 0.01% |
164,767
-934,641
| -85% | -$46.9M |
|
1279
Crocs
CROX
$6.03B
| $5.3M | 0.01% |
311,704
+306,102
| +5,464% | +$9.75M |
|
1280
CALL
Tyson Foods
TSN
$20.4B
| $5.29M | 0.01% |
+91,400
| New | +$6.83M |
|
1281
PUT
VanEck Semiconductor ETF
SMH
$64.8B
| $5.27M | 0.01% |
+90,000
| New | +$6.07M |
|
1282
Pilgrim's Pride
PPC
$7.57B
| $5.26M | 0.01% |
290,333
-932,990
| -76% | -$22.8M |
|
1283
Trip.com Group
TCOM
$29B
| $5.25M | 0.01% |
223,910
-356,299
| -61% | -$11.1M |
|
|
MXIM
1284
DELISTED
Maxim Integrated Products
MXIM
| $5.23M | 0.01% |
107,578
-480,701
| -82% | -$27.6M |
|
1285
Rush Enterprises Class A
RUSHA
$8.53B
| $5.21M | 0.01% |
367,407
-303,786
| -45% | -$5.48M |
|
|
DEACW
1286
CALL
DELISTED
Diamond Eagle Acquisition Corp. Warrant
DEACW
| $5.2M | 0.01% |
+421,666
| New | +$1.78M |
|
1287
Ingevity
NGVT
$2.37B
| $5.2M | 0.01% |
147,786
-71,376
| -33% | -$4.17M |
|
1288
Golub Capital BDC
GBDC
$3.44B
| $5.19M | 0.01% |
422,035
-429,493
| -50% | -$7.03M |
|
1289
Assured Guaranty
AGO
$3.26B
| $5.18M | 0.01% |
201,001
+124,452
| +163% | +$5.15M |
|
1290
iShares MSCI Mexico ETF
EWW
$1.79B
| $5.17M | 0.01% |
182,484
+169,624
| +1,319% | +$7.07M |
|
1291
Heartland Express
HTLD
$967M
| $5.17M | 0.01% |
+278,386
| New | +$5.29M |
|
1292
Delek US
DK
$4.17B
| $5.17M | 0.01% |
327,894
+316,079
| +2,675% | +$7.5M |
|
1293
Ollie's Bargain Outlet
OLLI
$4.62B
| $5.17M | 0.01% |
111,480
-343,830
| -76% | -$17.6M |
|
|
TEN
1294
Tsakos Energy Navigation Ltd
TEN
$1.28B
| $5.15M | 0.01% |
315,987
+174,207
| +123% | +$2.67M |
|
1295
WIX.com
WIX
$3.53B
| $5.15M | 0.01% |
51,038
-32,232
| -39% | -$4.21M |
|
1296
Crown Holdings
CCK
$13B
| $5.14M | 0.01% |
88,614
-896,889
| -91% | -$62.4M |
|
1297
WisdomTree
WT
$3.61B
| $5.14M | 0.01% |
2,207,369
-1,039,137
| -32% | -$4.02M |
|
1298
NIO
NIO
$10.9B
| $5.14M | 0.01% |
1,849,665
+1,523,486
| +467% | +$5.67M |
|
|
VCRA
1299
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $5.13M | 0.01% |
241,393
-118,227
| -33% | -$2.69M |
|
1300
Targa Resources
TRGP
$63.1B
| $5.13M | 0.01% |
741,880
-411,467
| -36% | -$12.2M |
|
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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.