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 | |
|---|---|---|---|---|---|---|
1451
Equinox Gold
EQX
$15.8B
| $4.11M | 0.01% |
+620,089
| New | +$4.89M |
|
1452
Allegion
ALLE
$13.7B
| $4.11M | 0.01% |
44,658
-68,755
| -61% | -$8.23M |
|
1453
National Bank Holdings
NBHC
$1.86B
| $4.1M | 0.01% |
171,590
-272,672
| -61% | -$8.5M |
|
1454
Mercado Libre
MELI
$101B
| $4.1M | 0.01% |
8,391
-2,055
| -20% | -$1.27M |
|
1455
Rithm Capital
RITM
$5.7B
| $4.09M | 0.01% |
816,599
+665,114
| +439% | +$9.64M |
|
1456
Dine Brands
DIN
$449M
| $4.09M | 0.01% |
142,623
+126,012
| +759% | +$9.13M |
|
1457
Applied Optoelectronics
AAOI
$9.66B
| $4.08M | 0.01% |
537,589
+346,534
| +181% | +$3.66M |
|
1458
Virtu Financial
VIRT
$5.81B
| $4.07M | 0.01% |
+195,522
| New | +$3.61M |
|
1459
PUT
ServiceNow
NOW
$131B
| $4.07M | 0.01% |
+71,000
| New | +$4.44M |
|
1460
Smith & Wesson
SWBI
$614M
| $4.06M | 0.01% |
+636,925
| New | +$4.51M |
|
1461
Aptiv
APTV
$9.68B
| $4.06M | 0.01% |
82,489
+8,943
| +12% | +$702K |
|
|
ATRI
1462
DELISTED
Atrion Corp
ATRI
| $4.05M | 0.01% |
6,237
+3,771
| +153% | +$2.58M |
|
1463
PUT
Baidu
BIDU
$31.5B
| $4.04M | 0.01% |
40,100
-46,700
| -54% | -$5.69M |
|
1464
Patrick Industries
PATK
$2.68B
| $4.04M | 0.01% |
215,222
-161,547
| -43% | -$5.14M |
|
|
TECD
1465
DELISTED
Tech Data Corp
TECD
| $4.04M | 0.01% |
30,862
-220,028
| -88% | -$30.5M |
|
1466
EverQuote
EVER
$935M
| $4.04M | 0.01% |
153,809
-28,312
| -16% | -$997K |
|
1467
Northrop Grumman
NOC
$77.4B
| $4.04M | 0.01% |
13,337
-432,639
| -97% | -$150M |
|
1468
PUT
VanEck Oil Services ETF
OIH
$1.94B
| $4.02M | 0.01% |
50,000
-935
| -2% | -$174K |
|
1469
OrthoPediatrics
KIDS
$654M
| $4.01M | 0.01% |
101,142
-45,621
| -31% | -$2.04M |
|
1470
Ares Management
ARES
$31B
| $4M | 0.01% |
129,175
-234,584
| -64% | -$8.2M |
|
1471
PUT
Arista Networks
ANET
$241B
| $3.99M | 0.01% |
315,200
+60,800
| +24% | +$789K |
|
1472
Yext
YEXT
$655M
| $3.99M | 0.01% |
391,561
+223,575
| +133% | +$3.21M |
|
1473
Great Southern Bancorp
GSBC
$857M
| $3.98M | 0.01% |
98,607
+64,187
| +186% | +$3.38M |
|
|
1474
VanEck Oil Services ETF
OIH
$1.94B
| $3.98M | 0.01% |
49,487
+9,592
| +24% | +$1.78M |
|
1475
Telefônica Brasil
VIV
$18.3B
| $3.98M | 0.01% |
417,408
-343,160
| -45% | -$4.36M |
|
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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.