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 | |
|---|---|---|---|---|---|---|
|
EXAS
1301
DELISTED
Exact Sciences
EXAS
| $5.12M | 0.01% |
88,337
-75,304
| -46% | -$6.11M |
|
|
GFLU
1302
DELISTED
GFL Environmental Inc. Tangible Equity Units
GFLU
| $5.11M | 0.01% |
+118,960
| New | +$5.34M |
|
1303
Kratos Defense & Security Solutions
KTOS
$9.96B
| $5.1M | 0.01% |
368,407
+346,747
| +1,601% | +$5.98M |
|
1304
CALL
Lockheed Martin
LMT
$130B
| $5.08M | 0.01% |
15,000
+5,000
| +50% | +$1.97M |
|
|
GMHIW
1305
CALL
DELISTED
Gores Metropoulos, Inc. Warrant
GMHIW
| $5.08M | 0.01% |
+500,000
| New | +$809K |
|
1306
Lloyds Banking Group
LYG
$87.6B
| $5.07M | 0.01% |
+3,360,479
| New | +$8.66M |
|
|
ARNA
1307
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $5.06M | 0.01% |
120,483
-99,623
| -45% | -$4.57M |
|
|
RMG.U
1308
DELISTED
RMG Acquisition Corp.
RMG.U
| $5.06M | 0.01% |
500,000
| – | – |
|
|
HIMX
1309
Himax Technologies
HIMX
$2.34B
| $5.06M | 0.01% |
+1,845,848
| New | +$6.94M |
|
1310
Analog Devices
ADI
$181B
| $5.03M | 0.01% |
56,151
-137,096
| -71% | -$15M |
|
1311
Ocular Therapeutix
OCUL
$2.37B
| $5.03M | 0.01% |
1,016,076
+979,183
| +2,654% | +$4.83M |
|
1312
Wabtec
WAB
$50.3B
| $5.03M | 0.01% |
104,458
-826,070
| -89% | -$56.7M |
|
1313
DHT Holdings
DHT
$3.18B
| $5.02M | 0.01% |
654,482
-2,064,970
| -76% | -$13.1M |
|
1314
Cal-Maine
CALM
$3.95B
| $5.02M | 0.01% |
+114,115
| New | +$4.32M |
|
|
SFIX
1315
Stitch Fix
SFIX
$439M
| $5.01M | 0.01% |
394,450
+52,271
| +15% | +$1.13M |
|
|
SP
1316
DELISTED
SP Plus Corporation
SP
| $4.97M | 0.01% |
239,428
+86,766
| +57% | +$3.17M |
|
1317
PUT
iShares MSCI Japan ETF
EWJ
$22.4B
| $4.94M | 0.01% |
+100,000
| New | +$5.5M |
|
1318
Tractor Supply
TSCO
$18.7B
| $4.93M | 0.01% |
291,610
-834,815
| -74% | -$15M |
|
1319
Conduent
CNDT
$250M
| $4.93M | 0.01% |
2,010,814
+166,123
| +9% | +$658K |
|
|
DCH
1320
Dauch Corp
DCH
$1.53B
| $4.91M | 0.01% |
1,360,354
+1,059,248
| +352% | +$7.87M |
|
|
NP
1321
DELISTED
Neenah, Inc. Common Stock
NP
| $4.89M | 0.01% |
113,331
+14,688
| +15% | +$870K |
|
|
ASTSW
1322
CALL
DELISTED
AST SpaceMobile, Inc. Warrant
ASTSW
| $4.88M | 0.01% |
+500,000
| New | +$428K |
|
1323
Synchrony
SYF
$26B
| $4.88M | 0.01% |
302,978
+185,734
| +158% | +$5.42M |
|
1324
argenx
ARGX
$63.3B
| $4.85M | 0.01% |
36,833
+2,597
| +8% | +$380K |
|
1325
Materion
MTRN
$4.79B
| $4.83M | 0.01% |
138,034
-183,793
| -57% | -$9.11M |
|
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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.